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The Avery Penthouse 5301

3 BD + LIBRARY | 5.5 BA | 1 PKG | 4,176 SqFt | $9,950,000

$9,845,000

488 Folsom Street # 5301

3 Beds 5.5 Baths 4,176 Sq.Ft. 1.14 Acres

Description

Welcome to this Penthouse at The Avery, a rare half-floor residence offering an elevated take on San Francisco luxury living. Developed by Related, this five-star, full-amenity building is known for its exceptional quality and privacy. Spanning nearly 4,200 square feet, on the 53rd floor, the home offers a flexible layout with three en-suite bedrooms and a private library or den (or a fourth en-suite bedroom). Floor-to-ceiling windows wrap the residence, framing sweeping views from the Bay Bridge to Twin Peaks, extending to the Peninsula and Mount Diablo beyond. Uniquely positioned, the living room and primary bedroom views provide a tranquil connection to the beauty of San Francisco. This corner penthouse has been extensively outfitted with high-end custom improvements. Designer lighting, custom wallpaper, California Closets, and fully built-in bookshelves anchor the great room, while automated window treatments and custom closets deliver a comfortable feel and luxury experience. The kitchen is outfitted with a full suite of Miele appliances, including a six-burner gas range, double oven, and two dishwashers, paired with a Sub-Zero refrigerator, microwave, warming drawer, and full-height wine refrigerator. Sealed marble countertops, an oversized sink, and built-in dual beverage drawers in the family room support both daily living and entertaining. One valet parking spot is included; an additional one is available at $575/month. Owners enjoy access to over 30,000 square feet of curated amenities.

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Location

488 Folsom Street # 5301, San Francisco, CA 94105

Status

Sold

Date Sold

May 19, 2026

Floor Plan

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South Beach, San Francisco

What is South Beach known for?

It's known for being the part of San Francisco that feels like it's on the water, because it is. Sailboats leave South Beach Harbor on clear afternoons, the Embarcadero promenade fills with joggers and cyclists at golden hour, and on game nights the roar from Oracle Park rolls down the blocks. When the Bay Bridge lights come on, half the living rooms in the neighborhood have a front-row seat. The housing is the opposite of the city's Victorian west side: modern mid- and high-rise towers with doormen, gyms, and rooftop decks, plus a stock of handsome converted warehouse lofts with exposed brick and timber.

What's driving demand in South Beach right now?

In a word, proximity — South Beach sits at the doorstep of the office corridors powering San Francisco's AI boom. The city has become the undisputed center of AI development; both OpenAI and its chief rival Anthropic are headquartered in San Francisco, and each has raised tens of billions of dollars. That capital is flowing straight into real estate: AI companies accounted for about 35% of San Francisco's new lease activity in 2025, part of the strongest office recovery since 2014, and the city signed roughly 10.2 million square feet of office leasing in 2025 — its highest total since 2019. OpenAI alone has secured more than a million square feet in the city and plans to nearly double its workforce from 4,500 to 8,000, including a major footprint of more than one million square feet around the Chase Center, just south of the neighborhood. San Francisco Examiner + 4

For a South Beach buyer, the story is straightforward: you're buying next to the part of the city with the most forward momentum — where the innovation, the investment, and the return-to-office energy are most concentrated.

What kind of buyer is South Beach right for?

The classic South Beach buyer wants a walkable, low-maintenance home with a view and a short commute — increasingly, a short commute to the AI and tech offices reshaping the neighborhood's job market. It's a favorite of downtown professionals, empty-nesters trading a house for a doorman and lock-and-leave simplicity, sailing and Giants-loving buyers who want to be steps from the water, and investors betting on the waterfront's development trajectory.

What's nearby?

Everyday life orbits the water. The South Beach Harbor and marina sit at the center, the Embarcadero promenade and Bay Trail run the length of the neighborhood, and Oracle Park anchors the southern end. Walk north and you reach Rincon Park and, further on, the Ferry Building and its farmers market; walk south and you're into Mission Rock, China Basin Park, and Mission Bay, with the Chase Center beyond. The Financial District is a flat ten-minute walk.

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Erin Thompson

EM

Erin Thompson

Real Estate Advisor

01777525