I hate this restriction about my life, but family (including extended) is most important to me and my wife. So I hate it that it ties me down, but I wouldn't trade the closeness we have with family for the greener pastures elsewhere (... it's not where you are, but who you're with that really matters).
Where is your family? Is being close to them important? At age 28, I lived far away from my family, but as I got older, an opportunity arose for me to move back. When you are 35, you may have a completely different view point. Most people cannot come close to accurately imagining their future 10 years ahead.
If I assume you have family in the Bay Area, I would consider keeping the condo and renting it out (using a management company). There really is no better place than California (though some small things could bug the hell out of you, like traffic) and it will always be a very desirable place to live.
Then, I would, using your retirement funds, travel. Travel around the world for a year. Then buy a tent and travel the US. I personally like the idea of renting since it keeps your freedom to move around.
Places I'd like to live for a year (and maybe settling down in one of the smaller metro areas): Austin, TX; Savannah, GA; Southport, NC; Asheville, NC; Washington, DC; NYC; Portland, ME; Breckenridge, CO; Cabo San Lucas, Mexico; Vancouver; Canada