
San Mateo, California 94402
This Versailles 55+ Community Residence is a High-Potential Investment Opportunity, listed at $1,420,000—positioned well above the $1,281,880 Fair Market Value by -10%. While the list price exceeds current market estimates, the property offers a Good Condition Rating with high-end Granite Kitchen and Marble Bathrooms. Residents enjoy a resort-style lifestyle with a Heated Indoor Pool, Spa, and Private Balcony with Baywood views. This is an ideal acquisition for Downsizing Retirees or Owner-Occupants seeking a premium, maintenance-free lifestyle near downtown San Mateo.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10 Crystal Springs Road 1206 Subject | $1,420,000* List Price | 2 | 3 | 1,579 | $812 | - |
A 225 Virginia Avenue Ph-d Sold | $1,147,500 | 2 | 2 | 1,486 | $772 | 0.3 mi |
B 28 W 4th Avenue 11 Sold | $1,260,000 | 2 | 2 | 1,700 | $741 | 0.2 mi |
C 10 Crystal Springs Road 1507 Active | $1,450,000 List Price | 2 | 2 | 1,377 | $1,053 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008 (17 years old), the property falls within the 10-20 year range for 'Good' condition. It is well-maintained and move-in ready with high-end original finishes including granite countertops and marble bathrooms. Systems like central HVAC and modern in-unit laundry appear functional and updated.
This desirable corner residence features over 1,575 sq ft of light-filled living space with high ceilings, hardwood floors, and elegant marble finishes, offering a spacious and upscale feel.
The Versailles community provides a resort-style lifestyle with on-site dining, housekeeping, a staffed front desk, and a heated indoor pool, catering perfectly to the 55+ demographic.
Located adjacent to downtown San Mateo, the property offers immediate access to premier restaurants and shops while maintaining serene views of the Baywood neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1, other record lot size in square feet = 46847.
The association fee of $4,835 per month is significantly higher than average, which may limit the pool of qualified buyers and impact long-term affordability.
With over 250 days on the market and a recent price reduction, the property may face challenges regarding perceived value and buyer urgency.
A coveted corner residence offering over 1,575 sq ft of light-filled, single-level living in the sought-after Versailles 55+ community. Expansive windows fill the open living and dining areas with natural light and frame serene Baywood views. High ceilings and hardwood floors create an elegant interior, and a covered private balcony extends the living space outdoors. An oversized living room and guest powder room near the entry make the home ideal for hosting and everyday living. The well-appointed kitchen features granite countertops, ample cabinetry, and generous prep space. The oversized primary suite offers a spacious ensuite and walk-in closet, and the second bedroom has its own walk-in closet. Both full baths are finished in elegant marble. Additional highlights include in-unit laundry, underground parking, and dedicated storage. Versailles offers on-site dining, housekeeping, maintenance, a staffed front desk, a heated indoor pool and spa, and a fitness center with group classes. Adjacent to downtown San Mateo's restaurants and shops, this is a rare chance to own one of the community's most desirable floor plans.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 1.0 |
| Square foot | 1,579 | 899 |
| Lot Size | 1.08 | 1,129 |
| Price | $1.42M | $774.2K |
| Price per sq ft | $899 | $752 |
| Built year | 2008 | 1984 |
| HOA | $4835.0 | $628 |
| Days on market | 257 | 49 |
Apr 4, 2026
$1,420,000
$1,520,000
-7% Price Drop
Initial Listing
Nov 7, 2025
$1,520,000
Initial Listing
Aug 22, 2019
$1,350,000
Public Record
Sep 2, 2011
$843,000
Public Record
Dec 21, 2010
$18,133,020
Public Record