A Great Condo Deal at Renaissance – Downtown San Diego

Posted on January 26, 2010 | by Denny Oh

The Renaissance condo towers in downtown San Diego, probably offer the most convenient location in all of downtown.  It’s located at 645 Front Street, right in the heart of downtown San Diego’s Marina district.  Not only is it right across the street from Ralph’s grocery store, it’s also a block away from Nordstrom and Horton Plaza.  You also have a Wells Fargo, dry cleaners, tanning salon, It’s a Grind and a Postal Annex right at the bottom of your building(I may be missing something…)!  This condo highrise is perfect for those who want to truly live downtown and drive as little as possible.

Right now, there’s a great condo for sale on the 17thg floor of the south tower of the Renaissance condo development.  This floor plan is by far one of the most convenient and intelligently designed condos in all of downtown.  It’s a 2 bedroom, 2.5 bathroom condo that’s just under 1300 sqft.  Very few buildings offer 2.5 bathrooms and even few offer dual master bedrooms! Additionally, the two bedrooms are on opposite ends of the condo to maximize privacy and space.  Another great thing about this floor plan is that there is very little hallway space – so even though it’s less than 1300 sqft, it feels like a lot more.

This floor plan at the Renaissance condos is also a corner unit.  This particular condo faces south and west, with great bay and city views.  Another thing I love about this floor plan is that the kitchen is very open and it’s great for entertaining.  And here’s one more thing – the corner windows in this unit consist of four large panes that collapse as they slide open, creating a great open feeling.   This is very unique and it’s great for enjoying the great San Diego weather.

Here’s why this is such a great deal.  This 17th floor condo just went on the market yesterday for $615,000-675,876.  There is a very similar unit(same layout/orientation, but a few sqft larger) on the 12th floor that’s currently for sale and is listed at $788K.  The most recent comparable sale is unit 1406, which is a similar unit/layout, but on the 14th floor of north tower, which in my opinion doesn’t have as nice of a view(the south tower blocks its views).    This condo sold for $726,440 less than a week ago – that’s at least a $50K discount for a better view and a higher floor!

If that’s not enough convincing, here’s another comp.  Unit 1111 at Renaissance sold in February of 2009 for $745K.  This is condo is in the same tower/stack as the one you can buy right now on the 17th floor, for much less.  This is a great deal and it’s not a short sale nor an REO.  Let me know when you’re ready.

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