488 Folsom Street 5501, San Francisco, CA 94105, San Francisco, 94105 - 4 bed, 5 bath
ACTIVE$11,250,000
488 Folsom Street 5501, San Francisco, CA 94105
4Beds
5Baths
4,176Sqft
49,754.23Lot
Year Built
2019
Close
-
List price
$11.25M
Original List price
-
Price/Sqft
$2,694
HOA
$2,852
Days on market
-
Sold On
-
MLS number
425013417
Home ConditionExcellent
Features
Excellent View:
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $11.25M(99th), sqft - 4176(99th), beds - 4(99th), baths - 5(99th).
Welcome to the Penthouse at Avery, this half floor luxury condominium, in the sky is a testament to the best in luxury city living. Built by Related, this 5-Star Lux - Full Amenities Building has one thing that separates it from all the other buildings, Related builds communities. Stunning water views capture your imagination with a flexible floor plan that accommodates a library along with three ensuite bedrooms. South facing with outlooks spanning the Bay Bridge to Twin Peaks and as far out as the Peninsula and Mt Diablo. Perched 55 stories above vibrant East Cut and Salesforce Parks, it's obvious from this vantage why you might get excited about coming back to the most beautiful city in the world. In addition to the almost 4,200 sq feet are the additional 30,000 sq ft of luxury amenity areas allowing you the comfort of knowing you can grow as needed for those special occasions. The comeback in SF has started. You in?
Nearby schools
/10
Chinese Education Center
Public,•K-5•0.7mi
9/10
Chin (John Yehall) Elementary School
Public,•K-5•0.9mi
5/10
Daniel Webster Elementary School
Public,•K-5•1.9mi
6/10
San Francisco Public Montessori School
Public,•K-5•2.2mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•3.0mi
2/10
Fairmount Elementary School
Public,•K-5•3.7mi
1/10
Mission Education Center
Public,•K-5•3.7mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•1.1mi
6/10
Francisco Middle School
Public,•6-8•1.5mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•2.7mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•2.9mi
3/10
Lick (James) Middle School
Public,•6-8•3.3mi
6/10
Rooftop Elementary School
Public,•K-8•3.6mi
2/10
Revere (Paul) Elementary School
Public,•K-8•3.7mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•4.5mi
3/10
San Francisco Community Alternative School
Public,•K-8•4.8mi
9/10
Lawton Alternative Elementary School
Public,•K-8•5.6mi
1/10
Downtown High School
Public,•9-12•1.9mi
8/10
Galileo High School
Public,•9-12•1.9mi
3/10
O'connell (John) High School
Public,•9-12•2.2mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.4mi
2/10
S.F. International High School
Public,•9-12•2.4mi
3/10
Mission High School
Public,•9-12•2.6mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.9mi
2/10
Marshall (Thurgood) High School
Public,•9-12•3.6mi
6/10
Academy Of Arts And Sciences
Public,•9-12•4.2mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•4.2mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•4.7mi
2/10
Jordan (June) School For Equity
Public,•9-12•5.0mi
7/10
Balboa High School
Public,•9-12•5.2mi
7/10
Washington (George) High School
Public,•9-12•5.4mi
7/10
Lincoln (Abraham) High School
Public,•9-12•5.5mi
10/10
Lowell High School
Public,•9-12•6.3mi
Price History
Date
Event
Price
08/01/24
Price Change
$11,250,000
Condition Rating
Excellent
This property was built in 2019, making it a virtually new construction. The images showcase a penthouse with high-end, modern finishes throughout, including a sleek kitchen with integrated luxury appliances and contemporary flat-panel cabinetry. The bathrooms feature modern floating vanities, large format tiling, and a luxurious soaking tub. All components appear new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Penthouse & Ultra-Luxury Status: This property is a half-floor penthouse in a 5-Star luxury building (The Avery), offering an exclusive and prestigious living experience.
Expansive Panoramic Views: Perched 55 stories high, the condominium boasts stunning south-facing water views spanning the Bay Bridge, Twin Peaks, the Peninsula, and Mt Diablo.
Extensive Luxury Amenities: The building provides over 30,000 sq ft of full luxury amenity areas, enhancing the lifestyle and convenience for residents.
Modern Construction & Reputable Developer: Built in 2019 by the renowned luxury developer Related, ensuring contemporary design, high-quality construction, and modern building standards.
Spacious & Flexible Floor Plan: With nearly 4,200 sq ft (4176 sqft), 4 beds, and 5 baths, the property offers generous living space and a flexible layout that can accommodate a library or additional living areas.
Cons
Extremely High Price Point: The list price of $11,250,000 places this property in an ultra-luxury segment, significantly limiting the pool of potential buyers.
Substantial Monthly HOA Fees: The association fee of $2,852 per month represents a significant ongoing cost, which can be a deterrent for some high-net-worth individuals.
Niche Market Appeal: Given its ultra-luxury status, high price, and substantial HOA fees, the property appeals to a very specific and limited buyer demographic, potentially leading to longer market times.