Perfectly positioned within prestigious Bankers Hill, this exceptional residence at The Park presents a rare opportunity to experience one of San Diego’s most coveted luxury addresses. Distinguished by a one-of-a-kind floor plan, a highly desirable split-bedroom configuration, refined European finishes, and one of the building’s largest private terraces, the residence offers an elevated expression of contemporary urban living. As the first home at The Park to be offered below $2 million since 2024, this compelling offering presents a rare entry point into one of the city’s most luxurious residential buildings. A gracious gallery-style entry creates an elegant sense of arrival, opening to expansive living and entertaining spaces framed by floor-to-ceiling glass and beautifully appointed with hardwood flooring. At the heart of the residence, the chef’s kitchen pairs sophisticated design with exceptional functionality, featuring Italian Boffi cabinetry, waterfall-edge Caesarstone countertops, and a suite of premium Miele appliances. Uniquely positioned to capture lush views of Balboa Park, the primary suite is a serene retreat. The spa-inspired ensuite is enveloped in marble and complemented by an expansive walk-in closet. Thoughtfully situated on the opposite side of the residence, secondary bedroom offers exceptional privacy for family and guests, underscoring the effortless livability of the coveted split-bedroom design. The defining feature of the residence is its extraordinary private terrace, among the largest within The Park. This expansive outdoor living space offers a remarkable setting for intimate evenings, al fresco dining, and effortless entertaining, all framed by sweeping views across the lush, verdant canopy of Balboa Park. The Park’s exclusive amenities rival those of the world’s finest resorts, offering a resort-style pool and spa, a state-of-the-art fitness center with a dedicated yoga studio, a chic clubroom, and an outdoor owner’s lounge with fire pits, barbecues, and intimate seating areas. Wine aficionados will delight in the private wine room, while pet owners will appreciate the convenience of the dedicated pet-washing station. Homeowners also enjoy the privilege of two fully furnished guest suites, complete with kitchens, available for five nights a month completely included for a nominal $275 cleaning fee. Completing this unparalleled offering are two side-by-side parking spaces and a large storage unit, all housed within this architectural masterpiece. Set within one of San Diego’s most distinguished neighborhoods, The Park offers an extraordinary connection to the cultural and natural beauty of Balboa Park. World-class museums, botanical gardens, scenic trails, The Old Globe Theatre, and the San Diego Zoo are just steps away, while Downtown, Little Italy, and many of the city’s most acclaimed dining destinations are only moments from home. With its extraordinary private terrace, rare split-bedroom floor plan, sophisticated European finishes, and intimate connection to Balboa Park, this distinctive residence represents an exceptional opportunity to own within one of San Diego’s most prestigious residential addresses.
Bankers Hill-Park West, located between Balboa Park and Downtown San Diego, is a historic and urban San Diego neighborhood with canyon edges and park-facing streets. The neighborhood’s character concentrates along Fifth Avenue near Laurel Street, where sidewalk patios, design-forward boutiques, and gallery-like dining rooms set a polished pace. Architectural cues range from early 20th-century cottages and Spanish Revival details to mid-rise condos with skyline views. Balboa Park’s museums and gardens shape daily routines, with footpaths spilling into the neighborhood grid. The Prado at Balboa Park, The Old Globe, and Extraordinary Desserts act as local pillars for culture and ritual. Evenings track from park concerts to intimate cocktail bars, with walkable blocks and shaded palms tying it together.
Provided by Walk Score and Local Logic
Market insights
2855 5th Ave #302 · $1,599,999
DAYS ON MARKET
3 days
The average home goes pending in 41 days.
SALE-TO-LIST
99.0%
Most homes are selling 1% below list price.
LIST PRICE
$1,599,999
Median sale price in this area is $598,988. (63% lower than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Fire sprinkler system
Carbon monoxide detector(s)
Bedrooms
Up to 2 possible bedrooms
Bathrooms
2 full bathrooms
Kitchen
Dishwasher
Disposal
Microwave
Refrigerator
Built-in range
Convection oven
Electric oven
Gas range
Electric cooktop
Range
Oven
Freezer
Ice maker
Laundry & utility
Washer
Dryer
Hot water included in association amenities
Flooring
Wood flooring
Marble flooring
Heating & cooling
Heat pump
Forced air
Electric heating
Exterior features
Balcony
Barbecue
Covered patio/terrace
Home design
Condominium
Residential property
Single-story
Entry level 3
Has view
Parking
2 total parking spaces
2-car garage
Garage door opener
Assigned parking
Gated access
Underground parking
Security
Security guard
Gated community with guard
Security gate
Construction
Stone and concrete construction
Concrete roof
Utilities
Public water
Public sewer
HOA & community
Homeowners association present
Monthly HOA fee of $2,204.47
HOA covers gas, security, grounds maintenance, and structure maintenance
Association amenities: Pool, Spa/Hot Tub, Fitness Center, Clubhouse, Billiard Room, Meeting Room, Barbecue, Concierge, Trash service, Hot water, Security
Other
Pets allowed
Building name: The Park, Bankers Hill
Electricity and solar
View estimated energy costs and solar savings for this home
The Park, Banker's Hill has quickly established itself as San Diego's most prestigious new address and the building is newly SOLD OUT! One of The Park's coveted Balboa Park facing residences has finally hit the resale market and this listing will undoubtedly sell quickly! This modern, corner residence features the finest European finishes and overlooks the lush lawns and majestic trees of Balboa Park. These forever views into the largest urban park in the nation are truly irreplaceable. With a grand gallery entrance that crescendos into an open concept living space and floor-to-ceiling glass windows, this home feels like a virtual extension of the park. Luxury living at its finest with flawlessly finished interiors including designer hardwood floors, Miele appliances, waterfall edge Caesarstone quartz countertops, Walnut Boffi Italian cabinetry, and an elegant master bathroom retreat wrapped in a marble slab. This modern showstopper offers a desirable split bedroom floorplan with a master bedroom retreat and generous walk in closet. Enjoy sunrises on this residence's enormous private 375 sqft terrace overlooking enchanting Balboa Park and spend evenings indulging in the gastronomic scene of sophisticated Bankers Hill. Highlights of The Park’s world-class amenities include a resort-style pool & spa, expansive fitness center, yoga room, club room, outdoor owner’s lounge with BBQ and fire pits, billiard and poker area, and wine room. Homeowners are granted exclusive access to two fully furnished guest suites five nights a month, completely included without a rental fee.
Greater Lansing AoR #180068346
Mar 28, 2019
Sold
$1,243,500
$802/sq ft
Mar 28, 2019
Sold
$1,243,500
$802/sq ft
Mar 28, 2019
Sold
$1,243,500
$802/sq ft
Jan 26, 2019
Pending
—
Jan 26, 2019
Pending
—
Jan 7, 2019
Relisted
—
Jan 7, 2019
Relisted
—
Dec 30, 2018
Pending
—
Dec 30, 2018
Pending
—
Dec 23, 2018
Listed
$1,243,500
$802/sq ft
Dec 23, 2018
Listed
$1,243,500
$802/sq ft
Dec 23, 2018
Listed
$1,243,500
$802/sq ft
The Park, Bankers Hill has established itself as San Diego's most prestigious address. This stunning floor plan on the fifth floor with north east views, and ambient lighting all year long allows homeowners to display their art collection through the long gallery hallway and wake up among the trees in Balboa Park. Indulge in the local culture of Balboa Park, which is just steps away from The Park, Bankers Hill. Excellence is unmatched in this building, as each residence features Boffi cabinetry, Grohe fixtures, and great rooms with floor to ceiling glass wall sliders, which open onto large private terrace. This two bedroom, two bath, residence features the "A" scheme finish package with Rigatino Walnut Boffi cabinets and rich Kasteel Wanut Du Chateau hardwood floors and a lavish master spa retreat in a striking First Snow white marble.. Neighborhoods: Bankers Hill Equipment: Dryer,Fire Sprinklers,Garage Door Opener, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
SDMLS #160064633
May 29, 2018
Listing Removed
—
May 28, 2018
Listing Removed
—
Nov 15, 2017
Relisted
—
Oct 10, 2017
Pending
—
Dec 10, 2016
Listed
$1,299,500
$838/sq ft
Dec 10, 2016
Listed
$1,299,500
$838/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$17,418 (+3.9%)
$689,785 + $726,927
$1,416,712
2024
$16,762 (+9.1%)
$676,260 + $712,674
$1,388,934
2023
$15,363 (−3.1%)
$663,000 + $698,700
$1,361,700
2022
$15,851 (+0.7%)
$609,000 + $642,000
$1,251,000
2021
$15,741 (+1.2%)
$630,706 + $676,432
$1,307,138
2020
$15,549 (+30.5%)
$618,340 + $663,169
$1,281,509
2019
$11,914
$216,487 + $747,628
$964,115
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2018
Finished Sq. Ft.
1,550
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,550
Year built
2018
Style
Condo/Co-op
County
San Diego County
APN
4526640112
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
CC-3-9
TAOZ
CPIOZ-A
Commercial-Community Zone
CC-3-9 is intended to accommodate development with a high intensity, pedestrian orientation and permits a maximum density of 1 dwelling unit for each 400 square ft of lot area
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 87° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
San Diego, CA • 92103
Average low and high temperatures (°F)
68
50
69
52
70
55
69
56
70
60
73
63
74
64
78
65
78
66
74
60
70
54
68
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in San Diego. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2855 5th Ave #302
$1,600,294
$295 over list price of $1.60M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $849K to $2.3M.