We present new 230 GHz Submillimeter Array observations of the candidate first hydrostatic core Per-Bolo 58 . We report the detection of a 1.3 mm continuum source and a bipolar molecular outflow , both centered on the position of the candidate first hydrostatic core . The continuum detection has a total flux density of 26.6 \pm 4.0 mJy , from which we calculate a total ( gas and dust ) mass of 0.11 \pm 0.05 M _ { \odot } and a mean number density of 2.0 \pm 1.6 \times 10 ^ { 7 } cm ^ { -3 } . There is some evidence for the existence of an unresolved component in the continuum detection , but longer-baseline observations are required in order to confirm the presence of this component and determine whether its origin lies in a circumstellar disk or in the dense inner envelope . The bipolar molecular outflow is observed along a nearly due east-west axis . The outflow is slow ( characteristic velocity of 2.9 km s ^ { -1 } ) , shows a jet-like morphology ( opening semi-angles \sim 8 ^ { \circ } for both lobes ) , and extends to the edges of the primary beam . We calculate the kinematic and dynamic properties of the outflow in the standard manner and compare them to several other protostars and candidate first hydrostatic cores with similarly low luminosities . We discuss the evidence both in support of and against the possibility that Per-Bolo 58 is a first hydrostatic core , and we outline future work needed to further evaluate the evolutionary status of this object .