00 Novato Boulevard, Novato, CA 94947, Novato, 94947 - 2 bed, 1 bath
ACTIVE$24,950,000$1/sqft
00 Novato Boulevard, Novato, CA 94947
2Beds
1Bath
1Sqft
18,948,600Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18948600, living area = 1.
Top Cons:
Significant Capital Requirement: The $24.95 million list price represents a substantial investment, narrowing the buyer pool to large-scale developers with significant financial capacity.
Compared to the nearby listings
Price:$24.95M vs avg $1.06M (+$23,890,000)98%
Size:1 sqft vs avg 1,809 sqft2%
Price/sqft:$24.95M vs avg $59698%
More Insights
Built in 1900 (126 years old).
Condition: This listing is for a 435-acre land portfolio intended for residential development, not an existing habitable home. The 'sqft:1' and 'year_built:1900' for a 'Single Family Residence' on such a large parcel strongly indicate that any existing structure is either non-existent, a placeholder, or in a condition that would require demolition for the described development. There are no images of any residential structure, kitchen, or bathroom to assess. The value is solely based on the land's development potential.
Year Built
1900
Close
-
List price
$24.95M
Original List price
-
Price/Sqft
$24,950,000
HOA
$0
Days on market
-
Sold On
-
MLS number
ML81996546
Home ConditionTear down
Features
Excellent View:
View-
About this home
Situated in Northern California's prestigious Marin County - on the boundary of the City of Novato and next to the 2001 Novato Chase subdivision of 69 single-family detached homes built by Toll Brothers - this 435 Acre Land Portfolio with 50 Flat Acres for Residential Development is Top Tier. The stunning hillside sets the backdrop for this scenic Subdivision, which has the potential for City expansion and will be an unparalleled award-winner for years to come. With nearby services including water and public utilities - homebuilders and developers can appreciate the size, scope, and positive impact a project of this stature will have on the community. Buyer to conduct due diligence with Marin County Planning Department.
S
Stephen Thaddeus Wawryk
Listing Agent
Condition Rating
Tear down
This listing is for a 435-acre land portfolio intended for residential development, not an existing habitable home. The 'sqft:1' and 'year_built:1900' for a 'Single Family Residence' on such a large parcel strongly indicate that any existing structure is either non-existent, a placeholder, or in a condition that would require demolition for the described development. There are no images of any residential structure, kitchen, or bathroom to assess. The value is solely based on the land's development potential.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18948600, living area = 1.
Vast Development Potential: A 435-acre land portfolio with 50 flat acres specifically earmarked for residential development offers immense scale and opportunity for a large-scale project.
Prime Marin County Location: Situated in Northern California's prestigious Marin County, ensuring high demand and premium value for future residential units.
Strategic Proximity to Existing Development: Located next to a successful 2001 Toll Brothers subdivision, indicating a proven residential market and potential for seamless community expansion.
Utility Infrastructure Access: Nearby services including water and public utilities are available, significantly reducing initial infrastructure development costs and complexities.
Scenic Backdrop & Aesthetic Appeal: The stunning hillside setting provides a beautiful backdrop, enhancing the aesthetic value and desirability of any future residential community.
Cons
Significant Capital Requirement: The $24.95 million list price represents a substantial investment, narrowing the buyer pool to large-scale developers with significant financial capacity.
Complex Regulatory Process: The requirement for extensive due diligence with the Marin County Planning Department suggests a potentially lengthy and challenging entitlement, zoning, and permitting process.
Long-Term Development Horizon: A project of this magnitude implies a multi-year development timeline, requiring a long-term commitment and exposure to market fluctuations over an extended period.