Bay Area buyers can stretch their dollar while enjoying world-class water views and the best weather in San Francisco.
Recognized as one of the most expensive cities in the world, San Francisco home-buying is not for the faint of heart. The median sale price for homes in the city in September 2024 was approximately $1.4 million, a 5.3% increase over last year, according to Redfin.
With limited inventory often attracting multiple offers from eager buyers, homes can sell for skyrocketing prices nearly double their list price. Now there is an option for buyers seeking to purchase a new home in SF for under $1 million.
According to real estate professional Chris Lim at Christie’s International Real Estate, the answer can be found in the city’s dynamic Bayview-Hunters Point neighborhood. “New construction housing, water views of the bay, best weather, recently opened India Basin Waterfront Park” says Lim, “What’s not to love?” “Bayview-Hunters Point is a very attractive option for buyers.”
“We’re seeing doctors and other medical professionals who work in nearby Mission Bay’s top medical centers, SFO’s airline industry professionals, and biotech execs from South San Francisco all finding that homes at the Shipyard SF offer a unique opportunity for homebuyers seeking modern luxury and convenience for under $1 million.”
This vibrant community combines contemporary design, high-end amenities, and a commitment to sustainability, making it a standout choice for those looking to experience the best of urban living without breaking the bank. Here are three options, well beneath the city’s median price.
(Courtesy of Shipyard SF)
What You Can Buy for $406,000:
Studio with one bath, 552 square feet, at 52 Kirkwood Ave. #403. This single-level studio condominium home offers a modern open floorplan where the living room, kitchen, and dining room flow seamlessly. The owner’s suite provides a peaceful retreat with a spacious bedroom, walk-in closet, and direct access to a semi-en-suite bathroom. Perfect for individuals or couples seeking a compact yet stylish living space.
$770,000:
Two bed / two bath, 1,109 square feet, at52 Kirkwood Ave. #426. This beautifully designed two-bedroom condominium home is a perfect balance of comfort and style. The residence features a spacious owner’s suite with a private en-suite bathroom and a second bedroom with its own bath. The open living area includes a sleek kitchen, dining space, and a cozy living room flooded with natural light.
$849,800:
3 bed / 2 bath, 1,409 square feet, at51 Innes Ct. #403. Located on the top floor, this corner home boasts expansive views and ample natural light. As the last three-bedroom residence available at Monarch, it features an owner’s suite with a private full-sized bathroom, plus two additional bedrooms sharing a hallway bathroom. The open-concept living area includes a contemporary kitchen, dining space, and family room, making it ideal for families or those seeking extra space.
(Courtesy of Shipyard SF)
The Shipyard SF is steps away from the newly opened India Basin Waterfront Park with its 1.7 miles of waterfront trails, public piers, and a vibrant food pavilion. The community is also home to the renowned Hunters Point Shipyard Artists, celebrating 40 years of creativity. Many of these homes have breathtaking views of the East Bay, the San Mateo Bridge, and the San Francisco skyline.
Residents can enjoy an array of amenities that offer a lifestyle of luxury, including parks, playgrounds, an art walk, and several pocket parks to enjoy the spectacular views and weather.
This historically significant neighborhood is full of thriving local businesses, an eclectic arts scene, and easy access to downtown SF and the Silicon Valley via public transit and major highways. SFO International Airport is a 13-minute drive away.
// For more information on these homes and the community, please visit shipyardsf.com.
