It’s been more than 15 years since the very first condo building in Mission Bay first started selling. That was Glassworks next to the Giants stadium. What followed was construction of another nine condo projects in various areas of the steadily growing neighborhood.
But although construction continues for hotels, affordable housing, market-rate rentals, UCSF and other commercial properties, there aren’t any more condo buildings on tap. That means home buyers looking to purchase a home in Mission Bay will have a limited inventory from which to choose.
I’m betting that demand is on the rise for the area. Tech companies are starting to set up shop there, and efforts to improve transit to downtown are underway in the form of the Mission Bay Loop project and the Central Subway extending the T-Third Muni line. And the Warriors’ arrival in the Fall will add an extra jolt to the neighborhood.
I thought it might be helpful to round up the existing Mission Bay condo stock that will be on the resale market. (Pricing data is based on sales from January 1, 2018 to the present.) And keep in mind that there are two fees to know about—the Mission Bay Maintenance Corporation Fee of roughly $35/month, and the Mission Bay Community Enhancement fee that’s .25% of your purchase price.
Here’s what’s out there in Mission Bay:
Glassworks (207 King)
Year Built: 2003
Avge 1BR Price: $1,068,000
Avge 2BR Price: $1,712,500
Amenities: Courtyard, in-unit air conditioning
Glassworks is a smaller building in a high-profile location next to the Giants’ ballpark. It still commands top dollar on the resale market. Continue Reading