
3940 Gresham St #251
CSan Diego, CA 92109
Soft Appraisal Value: $2,046,200 · 2.6% above estimate
Beds
2
Baths
2
Sqft
1,559
Year Built
1974
Days on Market
1
Property Type
Condo
HOA/mo
$1,440
MLS ID
260014177SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Perched on the top floor of Bay Scene directly on Sail Bay, this rare residence offers one of the most coveted view lines in the community — sweeping western-facing bay vistas with ocean views beyond. Spanning 1,559 square feet, this completely remodeled 2-bedroom, 2-bath home is the ultimate coastal retreat, blending sexy Hawaiian-inspired design with modern beachfront luxury. The open living space is anchored by a dramatic stone-clad fireplace and flows seamlessly into a show-stopping kitchen featuring brand-new contrasting black and warm wood-tone cabinetry, lava rock leather-finish countertops, and sleek black Café Series appliances. Designed for both entertaining and everyday living, the layout captures breathtaking sunsets and shimmering water views from nearly every room. The primary suite is a true sanctuary with a walk-in closet and a spa-inspired bathroom showcasing gorgeous tile work, a Restoration Hardware vanity, and West Elm lighting. The guest bathroom is equally refined with elevated finishes throughout. A dedicated laundry room and generous storage complete the home’s effortless functionality. Residents enjoy resort-style community amenities including a pool, spa, outdoor showers, barbecues, recreation room, and fitness room — perfect for relaxing, entertaining, and embracing the coastal lifestyle. Whether as a full-time residence or the perfect lock-and-leave second home, this home delivers an unparalleled Sail Bay lifestyle — where every day feels like a luxury beachfront getaway.
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Est. Monthly Payment
$14,771
Location
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Comparable Properties
5 comps foundThis Property
$5,072
Comp Average
$5,235
1024 Wilbur
3bd / 2.5ba · 1,529 sqft · Townhouse
$1.43M
Est. $6,356/mo
919 Agate Street
2bd / 3ba · 1,671 sqft · Condo
$1.45M
Est. $6,242/mo
809 Sunset Ct
2bd / 1ba · 624 sqft · Single Family
$1.45M
Est. $4,049/mo
810 Santa Barbara Place
2bd / 2ba · 1,177 sqft · Condo
$1.50M
Est. $3,945/mo

4151 Mission
3bd / 3ba · 1,524 sqft · Townhouse
$1.59M
Est. $5,583/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Rent − PITIA
Incl. vacancy, PM, maint, capex
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Defaults: 20% down, 6.5% rate, 30yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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