Present Day 2023: Homes at the Shipyard are on the market and development continues as well. Pricing ranges from $300,000 to $1.2 million for condos and townhouses. While there continues to be discussion about the evvironmental safety, we will leave you to search the most current news regarding remediation. The amenities continue to be established as well including installations of by the Hunters Point Shipyard Artists.
December, 2021: There are lenders that will lend on the development, and it continues to be delayed and controversial. Uncertainty remains regarding the quality and extent of environmental remediation performed by the US Navy and its subcontractors to remove radiation from the site prior to handover for development.
December, 2018: Chase, Citi, and Wells Fargo announced in late December 2018 that they have stopped offering mortgages at the Shipyard citing “reasons related to unresolved questions about the safety of the land where mega-developer Lennar Corp has built about 450 homes and is planning thousands more.” – SF Chronicle
Once a San Francisco Naval Base home to high-paying blue-collar jobs that were the economic engine of the nearby Bayview and Visitacion Valley neighborhoods. Then the naval base closed and sat empty while its future was discussed and debated by wise women and men.
The Navy eventually took all their stuff and claims to have left no trace behind, but not everyone agrees on that claim. The development rights were sold to the highest bidder for a hefty sum, bringing about redevelopment under a decades-long master plan.
Redevelopment brings rebranding, so modern marketing now calls the neighborhood The Shipyard. An MLS search still puts all the new construction in a neighborhood called Hunters Point that most think of as the Bayview.
Aren’t you glad you met us?
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Loading Recently Sold Listings in The Shipyard at Hunter's Point...
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The Shipyard Neighborhood Vibe
The Shipyard is a master-planned community, and since 2018, the eight buildings have been completed in the first phase by the developer. Subsequent phases have continued and the community continues to grow. The neighborhood is not without controversy due to historical uses that involved radioactive waste disposal at the former naval base, and much of the land has yet to be turned over for development.
Popular Shipyard Home Styles
The Shipyard so far offers buildings with two distinct styles. One type of building is a traditional condominium mid-rise building with multiple homes per floor. Townhome-style buildings with a garage and small private outdoor space on the ground floor are also available.
Getting Around in The Shipyard
The Shipyard offers residents a private shuttle service to connect with the Muni light rail and additional destinations popular with residents of the neighborhood. While transit and biking are options, we’d classify it as a neighborhood in which you’re likely to be happier with a car.
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With 20+ years in the industry and over $400M in sales, we live and breathe San Francisco real estate from Visitacion Valley to The Marina and from Victorians to modern condos. Always fascinated by the people, history, and evolution of our city.
We are counselors and advisers, not salespeople. If you want a deal done, we’ll get a deal done. If you want to push pause, we’ll pause. Your search might last five years and 36 neighborhoods, or one hour and one address. Decades of experience prove we aren’t in this for the quick deal, but the lasting relationship. How about you?
We know how to prepare and position your home for top dollar when selling and how to negotiate your best price as a buyer regardless of market dynamics. We work with the right people at the right time, tapping our powerful network of lenders, contractors, artisans, and vendors.
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We’re proud of the recognition we’ve earned for excellence in San Francisco real estate representation.
Our broker, Matt Fuller, is a recognized thought leader, white paper author, and media consultant for the real estate industry. He has served as the President of the San Francisco Association of Realtors and the Director of the California Association of Realtors.
We are members of the Top Agent Network, San Francisco’s premier community for the top ten percent of local real estate agents.
We’ve received numerous industry certifications including Certified International Property Specialist (CIPS), Graduate of REALTOR Institute (GRI), and National Association of REALTOR (NAR) Fair Housing.
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San Francisco is a city of neighborhoods, each with nuances and a distinct character that make a difference when choosing a home.
We love, live, and work here, and are experts in the details of each of the ninety neighborhoods San Francisco has to offer.
Wherever you are in the home buying or selling journey, we have insights to share. Get in touch with us today.
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Median sales price is calculated based on sold data and doesn’t account for seller concessions. Median price represents the point at which half of the homes sold for more and half sold for less. In smaller neighborhoods like many of those found in San Francisco, this metric is less likely to be influenced by extremely high or low sales prices that don’t represent the typical neighborhood home.
Days on Market indicates how quickly or slowly homes are selling in the neighborhood. The lower the days on market (DOM), the stronger the market is for sellers, all other things being equal.
The number of homes available for sale in active status at the end of a given month. Fewer homes available for sale may indicate a seasonal trend or market dynamics that favor a seller more than a buyer.
In strong or balanced markets, homes in San Francisco typically sell over asking. In a buyer’s market, homes will sell at list price or slightly under. If a home has had price reductions, the calculation is based on the last listed price.
Price per square foot is most useful when the homes are almost identical in size, age, layout and other factors important to buyers. Our experience suggests it is a more valuable metric in larger condo buildings and less valuable for homes in neighborhoods built with a diverse selection of styles, sizes, and ages.
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The Shipyard is a master-planned community in the Hunter’s Point neighborhood of San Francisco. It is bordered by India Basin to the north, the San Francisco Bay to the east, Candlestick Point to the south, and Bayview and Hunter’s Point to the east. On an SFAR (San Francisco Association of Realtors) MLS (add internal link) map, Hunter’s Point is identified as neighborhood 10j.
Why yes, the Shipyard is itself a historical landmark, located on the site of a former US Naval shipyard, which served the country’s military as a naval repair site from World War II to its decommissioning in 1974. Starting in 1980, more than 300 working artists opened studios and workspaces in the former Naval facilities, and are still part of the local community. San Francisco is actively working on developing the Hunter’s Point area for residential and commercial development, though challenges remain around environmental clean-up.
Residents of The Shipyard have access to an array of amenities that offer a lifestyle of luxury, including greenways, playgrounds, outdoor seating and picnic areas, and art walks with installations by local artists. Additional amenities for residents include an onsite fitness center and clubhouse.
As a standalone, off-the-beaten-path community, The Shipyard offers a peaceful respite from the hustle and bustle of urban life. Residents enjoy new homes, modern amenities, spectacular views of the San Francisco Bay, and a wealth of outdoor activities.
Home buyers can find existing newly constructed studios and one and two bedroom homes in The Shipyard. Three bedroom homes are planned for future construction.
You can scroll up to see our market charts showing current neighborhood prices and other real estate trends for The Shipyard. We update these charts dynamically as new data becomes available. Reach out to us to learn more about prices, trends, and possibilities at The Shipyard.
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