589 Palm Street, San Diego, California 92103, San Diego, 92103 - 2 bed, 3 bath

589 Palm Street, San Diego, California 92103 home-pic-0
ACTIVE$3,395,000
589 Palm Street, San Diego, California 92103
2Beds
3Baths
3,020Sqft
Lot
Year Built
2018
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
$1,124
HOA
$2,282
Days on market
-
Sold On
-
MLS number
PTP2507939
Home ConditionExcellent
Features
Good View: Park/Greenbelt
Deck
Patio
ViewPark/Greenbelt

About this home

We found 3 Cons,5 Pros. Rank: price - $3.40M(89th), sqft - 3020(89th), beds - 2(50th), baths - 3(50th).

Luxury defined! Newly updated and professionally designed interior accentuates the modern architecture in this stunning townhouse that lives like a single-family home. Plus, the added value of a 'lock-and-go' lifestyle, 24/7 front desk staff and access to luxury high-rise amenities. Experience sophistication & comfort in this rare offering - the largest townhouse at The Park Bankers Hill, one of San Diego’s most prestigious addresses. This contemporary townhouse features three levels serviced by a private elevator. The interior is a triumph, highlighted by floor-to-ceiling glass windows and floating staircases. The floor plan includes two bedrooms, plus a den/office, two and a half baths, a family room, a large dining room, an open kitchen, and a relaxed, cozy living room. Designed to 'blur the sense of indoor/outdoor living', there are five outdoor terraces/patios that infuse San Diego's equable natural sunlight & provide spaces for dining, entertaining, and a curated garden. Creston & Amazon Alexa fully automated Smart Home system conveniently operates lighting, Sonos audio, and solar window shades. The exterior is clad in glass, Volakas marble, and stamped concrete formwork to announce a sophisticated arrival. Sited across the street from Balboa Park's 1,200 acres in the vibrant Bankers Hill neighborhood, this exceptional residence offers a unique opportunity to enjoy upscale urban living just steps away from renowned dining and the city’s cultural landmarks. The Park was completed in 2018 by DIALOG (architects), developer Zephyr, and contractor Balfour Beatty. Lavish amenities include 24/7 front desk staff, private lounge, conference/dining room, full event kitchen, wine room, gym with yoga room, pool, BBQ, two guest suites, and a dog wash. The six townhomes at The Park complement the 14-story luxury tower comprised of 60 modern homes and 2 ground-level retail spaces. The townhouse has 2 parking spaces with an EV charger.

Price History

Date
Event
Price
10/29/25
Listing
$3,395,000
Condition Rating
Excellent

This property, built in 2018, is only 6 years old and is described as 'newly updated and professionally designed.' The images confirm a pristine, modern aesthetic throughout, with high-end finishes and features. The kitchen boasts sleek, integrated appliances, minimalist cabinetry, and a large island. Bathrooms, as seen in the powder room, feature contemporary vanities, backlit mirrors, and wall-mounted toilets, all in excellent condition. Hardwood flooring is prevalent, and lighting is modern (recessed or stylish fixtures). The inclusion of a Creston & Amazon Alexa fully automated Smart Home system and an EV charger further solidifies its status as a state-of-the-art, virtually new property with no deferred maintenance.
Pros & Cons

Pros

Prime Location & Park Access: Sited directly across from Balboa Park in the vibrant Bankers Hill neighborhood, offering immediate access to 1,200 acres of green space, cultural landmarks, and renowned dining.
Extensive Luxury Amenities: Residents benefit from a comprehensive suite of high-rise amenities including 24/7 front desk staff, a private lounge, gym with yoga room, pool, BBQ, wine room, and two guest suites, supporting a 'lock-and-go' lifestyle.
Modern Design & Smart Home Integration: Features a newly updated, professionally designed interior with modern architecture, floor-to-ceiling glass windows, floating staircases, and a fully automated Creston & Amazon Alexa Smart Home system.
Spacious & Unique Townhouse Living: As the largest townhouse at The Park (3020 sqft), it offers three levels serviced by a private elevator, five outdoor terraces, and a layout that 'lives like a single-family home'.
High-Quality Construction & Features: Built in 2018 with sophisticated materials like glass and Volakas marble, includes 2 parking spaces with an EV charger, and provides desirable park/greenbelt views.

Cons

Very High Association Fees: The monthly association fee of $2,282 is substantial, adding a significant ongoing cost to ownership that may deter some potential buyers.
Limited Bedrooms for Size/Price: Despite its generous 3020 sqft and luxury price point, the property offers only two bedrooms (plus a den), which might not meet the needs of buyers requiring more dedicated sleeping spaces.
High Price Point: With a list price of $3,395,000, this property targets a very exclusive market segment, potentially limiting the pool of interested buyers.

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