490 Avenue of the Palms Now Leasing on Treasure Island, San Francisco

Treasure Island’s newest waterfront community, 490 Avenue of the Palms, is now scheduling tours and welcoming move-ins as one of San Francisco’s most wellness-driven, serviced lease offerings. Set along the edge of Cityside Park with a sense of being suspended over the water, the 148-home community offers studios to three-bedrooms, along with The Palms Collection, a limited release of 34 front-row homes with an expanded set of services and signature experiences.

490 Avenue of the Palms is the fifth residential community to open on Treasure Island in the past few years, arriving as the Island’s other new buildings approach full occupancy and new parks, roads, and open space are completed across the neighborhood.

Here’s what to know about living at 490 Avenue of the Palms.

490 Avenue of the Palms at a Glance

• Location: Treasure Island, San Francisco, along Cityside Park
• Residences: 148 homes, including The Palms Collection (34 front-row homes)
• Home types: Studios to three-bedrooms, plus townhomes and ground-floor residences
• Community: A waterfront apartment community eight minutes from downtown San Francisco
• Commute: Eight minutes by ferry to the San Francisco Ferry Building
• Services: On-site Experience Team, wellness programming, hospitality services
• Leasing status: Now leasing, move-in ready

What Wellness and Hospitality Services Are Included at 490 Avenue of the Palms?

Every resident is supported by a Director of Experience and Lifestyle and an on-site Experience Team, both drawn from hospitality backgrounds. They coordinate wellness sessions, book reservations, arrange car service, and handle the logistics of arrival and departure. Everything else runs through the Sentral Life App, recently recognized with the Multifamily Executive award for Best Use of Proptech.

Any resident can book group or private fitness training, private instruction in beach volleyball, paddleboarding, and kayaking, or a specialist for massage, bodywork, breathwork, meditation, and IV therapy. The Paddle Club, on property, stocks wetsuits, paddleboards, kayaks, and beach chairs. And Clipper Cove is a short walk away, with calm, protected water well-suited to paddling at any level.

“The idea is simple. Remove friction from daily life,” said Kū Nakanelua, Sentral Head of Creative Development. “Whether that’s coordinating wellness experiences, helping residents make the most of the island, or handling the small details that consume time and energy, our team is focused on creating a living experience that feels personal and effortless.”

The Palms Collection: 490 Avenue of the Palms’ Most-Serviced Tier

Within the building, a limited release of 34 front-row residences forms The Palms Collection, with rare, protected panoramic views that sweep across the Bay and its bridges.

The Palms Collection residences receive weekly housekeeping, wellness programming, car-service coordination, and arrival and departure assistance as part of the offering, along with a set number of complimentary Paddle Club and e-bike bookings each month.

The Palms Collection also has its own signature programming, created around moments of pause, reset, and escape. The Tea Academy is a recurring gathering around tea and conversation. Zero State is a midday wellness pop-up. Seaspice Saturdays bring an afternoon on the water with rosé, a DJ, and shareable bites.

Architecture and Design at 490 Avenue of the Palms

Designed by Anne Fougeron, FAIA, in collaboration with Mark Cavagnero Associates, the six-story building is broken up by three large openings, two to three stories tall, that cut straight through it from the courtyard to the water. They pull daylight and fresh air into the middle of the building, open onto shared terraces along the western edge, and frame the Bay and the skyline from inside.

“The idea behind the portals was simple but powerful, to give every resident, no matter where they live in the building, a direct visual connection to the Bay and the city beyond,” said Anne Fougeron, FAIA.

Homes range from studios to three-bedrooms, including townhomes and ground-floor residences opening onto a landscaped courtyard. Interiors are by Mark Cavagnero Associates and Kenneth Brown Design.

Why Live on Treasure Island in 2026?

490 Avenue of the Palms opens in what’s become San Francisco’s best waterfront neighborhood. With Stage 1 of the Treasure Island master plan now complete, the Island has new streets, infrastructure, parks, and homes. Nearly a thousand residents have moved in across Treasure Island and Yerba Buena Island, with Hawkins fully leased and Isle House now 95% leased. Eight parks are open, including Cityside Park directly outside the front door, named one of the San Francisco Chronicle’s must-do experiences for 2026. 

The Island’s events calendar stays full year-round, with food markets, seasonal celebrations, and waterfront gatherings at Cityside Park. Mersea Restaurant & Bar serves up skyline views and live music on weekend afternoons, and Gold Bar Whiskey Distillery & Tasting Room hosts cocktail classes, Friday night jazz, and Sunday sunset DJ sets inside a restored 1930s Art Deco terminal. 

At full buildout, both islands together will deliver 8,000 homes, 300 acres of parks and open space, and 22 miles of trails and shoreline access. Of the nearly 1,000 new homes Treasure Island Community Development has completed in under four years, 27% are below market rate—the highest share of any neighborhood in San Francisco. 

“490 Avenue of the Palms debuts as our other new communities are nearly leased up, and as new parks, roads, and open space are completed across the island,” said Chris Meany, Co-CEO of Treasure Island Community Development. “It also answers a growing demand for a more hospitable way to live, bringing anticipatory, hotel-inspired service to residential leasing, for every resident.”

How Does Treasure Island Compare to Other San Francisco Waterfront Neighborhoods?

Like Mission Bay, Dogpatch, and South Beach, Treasure Island offers new waterfront apartments on the eastern edge of San Francisco. What sets it apart is the setting and the commute. Treasure Island is a self-contained island neighborhood with open water on all sides, reached by an eight-minute ferry to the Ferry Building—faster than the drive-and-park commute from Mission Bay or Dogpatch during peak hours. Its parks and shoreline access are built into a single master plan rather than added between existing blocks, and its serviced, hospitality-forward apartment community has no direct equivalent in the other three neighborhoods.

Now Leasing at 490 Avenue of the Palms

490 Avenue of the Palms and The Palms Collection are move-in ready. Homes are currently priced from the mid-$3,000s to ~$9,000 per month. The Palms Collection residences are currently priced from the low-$4,000s to ~$18,000 per month, including front-row homes with the building’s marquee views. Furnished homes are available for a monthly premium. Tours are available by appointment.

How Do You Get to Treasure Island from Downtown San Francisco?

Depart from the San Francisco Ferry Building and arrive on Treasure Island in eight minutes. The ferry runs seven days a week. Parking is available on the Island, with bus access via Muni Line 25 from Salesforce Transit Center and bike access via the Bay Bridge bicycle path from the East Bay. Treasure Island sits just off the Bay Bridge between downtown San Francisco and the East Bay, minutes from the Embarcadero, the Financial District, and the ballpark and arena districts at Oracle Park and Chase Center.

[SEE FERRY SCHEDULE & PURCHASE TICKETS]

Interested in calling Treasure Island home? Explore available residences at tisf.com/live-here.

 

Frequently Asked Questions

Where is 490 Avenue of the Palms located?

490 Avenue of the Palms is on Treasure Island in San Francisco, set along the edge of Cityside Park on the Island’s waterfront, eight minutes by ferry from the San Francisco Ferry Building.

What apartment types are available?

These Treasure Island apartments range from studios to three-bedrooms, including townhomes and ground-floor residences opening onto a landscaped courtyard. A limited release of 34 front-row rental homes forms The Palms Collection, with an expanded set of services.

What services and amenities are included?

Every resident is supported by a Director of Experience and Lifestyle and an on-site Experience Team who coordinate wellness sessions, reservations, car service, and arrival and departure logistics. Residents can book fitness training, paddleboarding, kayaking, massage, breathwork, and more, with The Paddle Club on property and Clipper Cove a short walk away.

Are there apartments for rent on Treasure Island in San Francisco?

Yes. 490 Avenue of the Palms is now leasing waterfront apartments on Treasure Island, from studios to three-bedrooms. It’s one of the newest apartment communities in San Francisco, eight minutes by ferry from the Ferry Building, with move-in-ready homes available now.

How much does rent cost?

Homes are currently priced from the mid-$3,000s to ~$9,000 per month. The Palms Collection residences are currently priced from the low-$4,000s to ~$18,000 per month. Furnished homes are available for a monthly premium.

How long is the ferry ride to downtown San Francisco?

Eight minutes, from the San Francisco Ferry Building. The ferry runs seven days a week.

Is parking available?

Yes. Parking is available on the Island, with bus access via Muni Line 25 from Salesforce Transit Center and bike access via the Bay Bridge bicycle path.

 

Schedule a Tour of 490 Avenue of the Palms on Treasures Island

Looking for a waterfront apartment on Treasure Island? Schedule a tour of 490 Avenue of the Palm to experience waterfront living, wellness amenities, and hotel-inspired services eight minutes from downtown San Francisco. Explore all available Treasure Island residences at tisf.com/live-here.