One of the historic condo buildings located in the heart of the La Jolla area is the Park Prospect building. Many come here for it's prime location that can offer some amazing panoramic views that rival any nearby condo buildings. The location is also just a very short distance to the beach which is a huge selling point for many condo buyers. They also love the historic aspect of the building which is actually designated by the City of San Diego as a Historical Landmark. Because fo this it has a designation under the Mills Act which can offer huge savings when paying property taxes. The biggest downfall of this building is condos rarely come on the market for sale here.
A new listing just came on the market yesterday which features a total of three bedrooms, two baths with an approximate 1,596 square feet of living space. It's priced at $3,500,00 which may seem pretty steep for a condo but it's all about the views in this property. It's actually the largest floor plan offered in Park Prospect with some amazing 180 degree whitewater ocean views. The owner did a great job of maintaining this historic property while offering modern amenities that many buyers are looking for. At this price it would be a landmark sale for the building as most condos in this building have sold in the low $1.2 million dollar range. We have included comparable comps in our multiple listing service that go back to 2010 that show the highest priced ever paid here was at $1,325,000. Keep in mind that's it's all about the view and a property is worth what a buyer is willing to pay for it. For more information on the Park Prospect please contact any of our local real estate agents today.
Leave a Comment
Listing information last updated on October 20th, 2021 at 5:31am CDT.