Built: 1974, 25 Floors, 250 Units, Studio & 1BR, Pets: Ok (verify).
Amenities: Pool, Saunas, BBQ Area.
Short-term Vacation Renting: Not Allowed (only NUC units allowed - read below).
Four Paddle sit across from the Ritz-Carlton’s two towers, which significantly obstructs ocean views from most units. Short-term vacation renting only allowed for units with a NUC, which is less than 20.
Units: Studios (~500+ sq ft) and 1BRs (676 sq ft).
Over the past 3 years, an average of 8.3 fee simple condos sold per year in Four Paddle. This small sample size means the graph may not capture the full market picture.
The Four Paddle graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Four Paddle Market Summary (December '24 - November '25 vs December '23 - November '24)
Median Sales Price: $462,500 vs $575,000 — down 19.57%
Number of Sales: 10 vs 5 — up 100.00%
List-to-Sale Price Ratio: 96.56% vs 95.83% — up 0.76%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.