โBayview Buzzโ is a recurring column on changes, tidbits and other news from Bayview. Got news? Send tips to marina@missionlocal.com.
A 5,000 square foot underwater parcel bordering on Candlestick State Park has gone on the market for the rock bottom price of $250 โย and itโs raising some eyebrows.ย
But not all eyebrows: Someone closed the deal. Nicolo Gobbi, the realtor who listed the seafloor plot, told Mission Local that the parcel sold for above the asking price, at nearly $800 โ still quite low by San Francisco real estate standards.
The real estate firm is listing several more underwater parcels off the coast of Hunters Point at approximately 5,000 square feet each, which Gobbi says will go to auction soon.
When asked if the parcels have generated much interest, Gobbi admitted, โI wouldnโt say my phone is blowing up.โ
The listing advertises the underwater lot, located at โ0 Bancroft Ave Lot 17,โ as a โunique opportunity for creative ownership.โ The lot, wrote Gobbi, could be used for โfuture waterfront positioning, possible boat docking considerations, environmental or recreational applications, or strategic land banking.โ
โOwnership of underwater parcels in major metropolitan markets remains limited,โ the seller continued on the listing, โmaking this an uncommon acquisition for investors seeking unconventional real estate opportunities.โ
The listing includes a satellite image of the open water, pointing to a 5,000 square foot grid just off the coast of Candlestick State Park bordering on the Hunters Point Shipyard, which is still owned by the U.S. Navy, raising questions as to why water on the edge of land owned by the state would be up for sale.ย
The two other underwater lots, listed as โ0 Pollockโ and โ0 Carroll Aveโ have also been recently listed by Moon Realty. A satellite image of the underwater property also locates the parcels as right off the coast of the park, in the near vicinity of โ0 Bancroft.โ
When asked why an underwater parcel so close to publicly owned land is for sale, forcing purchasers who wish to dock their boats on nearby land to row towards a state park, Gobbi responded that the water is available. But, he said, โWe have auctions every two months. We just have a lot of volume of land and we donโt do much research on it.โ
Have you heard the news? Mission Local is coming to Bayview. Well, weโve already been here for the past year, but we officially announced our city-wide expansion last month.
Weโll be celebrating that launch at All Good Pizza on Thursday, June 4 from 5:30 to 8 p.m. along with local nonprofits, artisans, businesses, and a live DJ set. Iโm excited to see some new and familiar faces there and hear from all of you about what news you would like to see in your neighborhood.
Tickets are free, but make sure to RSVP on Eventbrite so we know youโre coming.
See you there!
Preliminary permits have been filed to fill a long-vacant lot at 5154 Third St., near Shafter. The project will feature three stories with three residential units, above a small retail storefront.
Demetrius Williams, the president of the International Longshore and Warehouse Union Local 10, purchased the lot for $300,000 in August of last year. Together with local architect Ashton Richards, the two plan for the project to be ready for move-in by January 2029.
But with construction and permitting often taking years, Williams used SB 330 and SB 423, which streamline the approval process for small, multifamily developments.
The project will get rid of one of the many small, vacant lots on the corridor, replacing it with dense housing near public transit that experts say has become a necessity in a neighborhood in which stalled developments have left housing in short supply.
The group behind โguerillaโ benches that have popped up by San Francisco bus stops across the city have installed a new bench outside of the Bayview Plaza, by Evans and Third Street.
Though their efforts are not endorsed by the city, and often, benches have been removed just hours after they were installed, the benches are often a welcome respite for commuters waiting in the hot sun for their next bus.
โI know MTA and probably DPW have some feelings about this, but for the time being, I think it’s a very thoughtful gesture, and I’m certain folks waiting for a bus appreciate a place to sit,โ wrote Earl Shaddix, the director of Economic Development on Third Street, in his neighborhood newsletter.
The collectiveโs work is inspired by that of a Sunset District roller-skating engineer, Chris Duderstadt, who installed over 200 brightly colored benches across the city.
The collectiveโs website allows anyone to adopt, or request a bench in their neighborhood โ free of charge.