1 Redwood Avenue, Larkspur, CA 94939, Larkspur, 94939 - 3 bed, 4 bath
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Larkspur, CA 94939
Analysis of 1 Redwood Avenue, Larkspur, CA 94939 is currently available with a list price of $1,300,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Larkspur Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is marketed as a 'homesite' with approved plans for a new build, and the original structure dates back to 1913 (>50 years old). The listing images are architectural renderings rather than actual photos, indicating the current value is in the land and development potential rather than a livable structure with modern systems or kitchens.
The property includes approved plans for a 2,761-square-foot modern residence, allowing the buyer to bypass the lengthy and costly permitting process typical of Marin County.
Nestled in a serene, redwood-lined enclave, the site offers a rare blend of natural tranquility and immediate proximity to downtown Larkspur's amenities.
The property is served by highly-rated schools, including Redwood High and Neil Cummins Elementary, which consistently drives high demand and long-term property value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2761, other record living area = 1152. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The list price covers the land and plans only; the buyer must commit substantial additional capital and time to manage the full construction of the residence.
Building in Madrone Canyon often involves navigating narrow access roads and hillside topography, which can complicate construction logistics and increase site preparation costs.
Rare opportunity to build your dream home in the coveted Madrone Canyon neighborhood of Larkspur. Tucked into a serene, tree-lined enclave surrounded by natural beauty and majestic redwoods, this exceptional homesite comes with approved plans already in place for a beautifully designed approximately 2,298 square foot residence plus an additional 463 square foot basement. The thoughtfully crafted proposed home features three bedrooms, three and a half baths, and modern living spaces designed for comfort, style, and effortless indoor-outdoor living. Blending seamlessly with its lush canyon surroundings, the design embraces privacy, and tranquility. Approved plans allow you to move directly toward construction, saving valuable time and effort. Enjoy the charm of canyon living while being just moments from downtown Larkspur and top-rated schools. A truly special opportunity to bring your vision to life in one of Marin County's most sought-after neighborhoods. Photos are renderings.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 78% |
| Square foot | 2,761 | 2,345 | 78% |
| Lot Size | 7,906 | 8,124 | 44% |
| Price | $1.30M | $2.15M | 33% |
| Price per sq ft | $471 | $1.1K | 22% |
| Built year | 1913 | 1967 | 11% |
| HOA | $0 | $100 | 44% |
| Days on market | 17 | 129 | 11% |
May 20, 2026
$1,300,000
Initial Listing
Dec 23, 2020
$450,000
Public Record
Feb 2, 1999
$295,000
Public Record