South Beach Homes under $400,000

South Beach Homes under $400,000

Welcome to the vibrant and eclectic neighborhood of South Beach, nestled in the heart of San Francisco, California. Known for its stunning waterfront views and a lively atmosphere, South Beach is a hidden gem that offers a unique blend of urban living and coastal charm. The area is famous for its proximity to the iconic Embarcadero, the bustling Ferry Building Marketplace, and the stunning views of the Bay Bridge, making it a desirable destination for both residents and visitors alike.

South Beach is characterized by its modern high-rises, chic condos, and a thriving arts scene, all while maintaining a sense of community that is hard to find in larger cities. Residents enjoy easy access to beautiful parks, trendy restaurants, and vibrant nightlife, ensuring that there is always something to do. The area is also well-connected with public transportation options, making commuting a breeze.

One of the most exciting aspects of South Beach is the availability of homes under $400,000. This presents a unique opportunity for first-time homebuyers and investors alike to enter the San Francisco real estate market. While the overall housing market can be competitive, South Beach offers a variety of options that cater to diverse needs and budgets. From charming studios to cozy one-bedroom apartments, there are hidden treasures waiting to be discovered.

Whether you’re looking to immerse yourself in the local culture, enjoy waterfront activities, or simply find a place to call home, South Beach is a neighborhood that promises an exceptional lifestyle. Explore the possibilities and discover why so many are drawn to this dynamic community!

Newest South Beach Homes under $400,000

1 Federal Street Unit 47, San Francisco
$222,167
1 Baths ⋅ 426164393 MLS
Incredibly unique spacious top floor studio! High ceilings, in unit W/D, gas fireplace, 1 car parking, large closets, and good natural make this a very special home. Building amenities include gym and 24 hour doorperson. Temporary waivers apply to this unit 20% over posted AMI which would be 100% AMI, Asset test waived, see Dahlia listing for complete waivers list. Below Market Rate (BMR) housing opportunity available at 80% Area Median Income (AMI). See waivers for higher qualifying AMI Maximum income for 1 person = $90,750; 2 = $103,750; 3 = $116,700; 4 = $129,700; 5 = $140,050 etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 9-30-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 10-21-2026 at 5:00 PM. Fair Housing Opportunity.

1 Federal Street Unit 47, San Francisco
1 Federal Street Unit 20, San Francisco
$327,659
1 Baths ⋅ 426151490 MLS
Incredibly unique spacious studio! High ceilings, in unit W/D, gas fireplace, large closets, and good natural ight make this a very special home. Building amenities include gym and 24 hour doorperson.TEMPORARY WAIVERS apply to this unit: must not exceed 120% of the area median income, can have asset test excluded, can complete the Homebuyer education after applying, can make a down payment more than 50% of the sales price. Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $113,450; 2 = $129,700; 3 = $145,900 5 = $175,050, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 8-13-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 9-3-2026 at 5:00 PM. Fair Housing Opportunity.

1 Federal Street Unit 20, San Francisco
355 1st Street Unit S207, San Francisco
$364,812
2 Beds ⋅ 2 Baths ⋅ 426130541 MLS
Enjoy city living at the Metropolitan on Rincon Hill. 2-bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 2 people = $124,700; 3 = $140,250; 4 = $155,850, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 5/14/2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 6/4/2026 at 5:00 PM. OPEN HOUSE 5/16/2026 (Saturday) 2:00 - 4:00 pm, 5/17/2026 (Sunday) 2:00 - 4:00 pm, 5/18/2026 (Monday) 5:00 - 7:00 pm. Equal Housing Opportunity. Building Amenities include Concierge, 24 hour Doorman, Business center, Clubroom/Party room, Conference room, Exercise room/Fitness center, Theater room, Fire pit, Indoor heated pool, Spa/Hot tub, Sauna, Outdoor kitchen/BBQ, Outdoor lounge, and Roof deck.

355 1st Street Unit S207, San Francisco
400 Beale Street Unit 505, San Francisco
$399,500
1 Beds ⋅ 1 Baths ⋅ 426112220 MLS
1 Bedroom with bonus room and deck First Come First Serve No Lottery Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $113,400; 2 = $129,700; 3 = $145,900; 4 = $162,100; 5= $177,500, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. The unit will be available on a first come first served basis starting on 5/6/2026 at 8:00 AM PST. Please visit https://housing.sfgov.org/listings/a0W7y00000Gjq4TEAR to view the listing and for application & program info. Fair Housing Opportunity.

400 Beale Street Unit 505, San Francisco
285 Main Street Unit 408, San Francisco
$337,931
1 Beds ⋅ 1 Baths ⋅ 426104539 MLS
Below Market Rate (BMR) housing opportunity available at MIRA through the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring and other restrictions. This home is a new home and has never been occupied. Explore a new angle on life at MIRA, luxury condominium homes developed by the team at Tishman Speyer and designed by award-winning architecture Studio Gang. Located at the corner of Main and Folsom Streets in San Francisco, CA, MIRA features iconic architecture, innovative layouts and a bold attitude. Fresh and forward-thinking, MIRA invites you to shift your perspective on living in San Francisco. All images are representative of the development.

285 Main Street Unit 408, San Francisco
285 Main Street Unit 312, San Francisco
$385,168
2 Beds ⋅ 1 Baths ⋅ 426104537 MLS
Below Market Rate (BMR) housing opportunity available at MIRA through the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring and other restrictions. This home is a new home and has never been occupied. Explore a new angle on life at MIRA, luxury condominium homes developed by the team at Tishman Speyer and designed by award-winning architecture Studio Gang. Located at the corner of Main and Folsom Streets in San Francisco, CA, MIRA features iconic architecture, innovative layouts and a bold attitude. Fresh and forward-thinking, MIRA invites you to shift your perspective on living in San Francisco. All images are representative of the development.

285 Main Street Unit 312, San Francisco
285 Main Street Unit 202, San Francisco
$330,641
2 Beds ⋅ 1 Baths ⋅ 426104524 MLS
Below Market Rate (BMR) housing opportunity available at MIRA through the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring and other restrictions. This home is a new home and has never been occupied. Explore a new angle on life at MIRA, luxury condominium homes developed by the team at Tishman Speyer and designed by award-winning architecture Studio Gang. Located at the corner of Main and Folsom Streets in San Francisco, CA, MIRA features iconic architecture, innovative layouts and a bold attitude. Fresh and forward-thinking, MIRA invites you to shift your perspective on living in San Francisco. All images are representative of the development.

285 Main Street Unit 202, San Francisco
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