In the last 12 months, only one “bubble unit” has sold at the downtown San Diego Harbor Club condos. This was a 24th floor foreclosure in the Harbor Club that was listed at $775K, which was way below the market price. It sold in 7 days for $850K…sadly, not to my client. The only other bubble unit that has sold recently, was a combined unit on the 23rd floor, where someone had combined a 1 bedroom with a bubble unit that my clients purchased back in December of 2009.
Aside from that, there are two bubble units currently on the MLS – one just below $1.3M and the other just below $1.4M. However, there is one more available…which is not on the MLS. The property was purchased at auction and will be listed around $700K. It’s on the 9th floor and has been remodeled. It sold in 2005 for $975K(sold for $750K in 2002).
The unit can be seen now, but can’t be purchased for about 4 months – there’s an IRS lien on it which can’t be removed for 120 days. Please let me know if you’re interested and I can set everything up.
Click here to see what’s for sale in the Harbor Club condos in downtown San Diego.