
Novato, CA 94947
This Hybrid Multi-Generational Estate is a Strong Value Opportunity, listed at $1,195,000—positioned well below the $1,206,558 Fair Market Value by 1%. This valuation gap offers $11,558 in Instant Equity. Featuring a Mint Condition Rating, the property includes a newly built 2-bedroom ADU and a modernized main residence with mini-split HVAC. With direct Pioneer Park access and a large deck, it balances lifestyle luxury with rental income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking versatile, move-in ready living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 104 Lobo Vista Subject | $1,195,000* List Price | 5 | 4 | 2,097 | $575 | - |
A 45 Buena Vista Sold | $870,000 | 3 | 2 | 1,360 | $640 | 0.3 mi |
B 80 Leland Drive Sold | $1,149,000 List Price | 3 | 2 | 1,702 | 0.7 mi | |
C 791 Storybook Court Active | $1,295,000 List Price | 3 | 3 | 2,240 | $578 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a newly built 2-bedroom ADU and a main residence with substantial recent improvements. Key updates include modern mini-split HVAC systems, dual-pane windows, and a well-maintained kitchen. The combination of new construction and high-end maintenance across both units results in a move-in ready, mint-condition estate.
The property features a modern, detached 2-bedroom, 2-bathroom ADU with its own address and separate utilities, providing exceptional value for rental income or multi-generational living.
Situated on a quiet cul-de-sac in West Novato, the lot offers rare direct access to Pioneer Park, effectively extending the usable outdoor space and enhancing privacy.
The main residence maintains a desirable mid-century aesthetic with open beam ceilings while benefiting from contemporary upgrades like an updated kitchen and efficient mini-split climate control.
With the main home dating back to 1956, buyers may encounter typical maintenance challenges associated with older systems and structural components despite recent cosmetic improvements.
The conversion of an original bedroom into an open living area in the main house may reduce the traditional bedroom count and privacy for families requiring more separated sleeping quarters.
Rare West Novato opportunity with a flexible single level main home, a newly built 2 bedroom, 2 bath ADU, and direct access to Pioneer Park from a large usable lot. Set on a quiet cul-de-sac, the property offers a combination of privacy, versatility, and everyday convenience that is difficult to replicate. The main residence has a warm mid-century feel with open beam ceilings, a fireplace with insert, dual pane windows, an updated kitchen, and inviting indoor and outdoor living spaces. One of the original bedrooms was opened up to create a more functional living area, while the additional room off the living room has been used as a bedroom, office, hobby room, or den. Mini split systems have been added throughout the main house, improving comfort and efficiency. The newly built ADU is a major enhancement, offering 2 bedrooms, 2 full baths, its own address, separate utilities, and mini split heating and cooling. This creates meaningful options for extended family, guests, rental income, a private work space, or multi-generational living. The separation and independence of the ADU make it a true asset rather than simply extra square footage. The backyard has also been thoughtfully improved with a large deck that extends the living space outdoors. Multiple areas for lounging, dining, gardening, play, or entertaining give the yard an easy and functional feel, while mature trees and fencing create a sense of privacy. Direct access to Pioneer Park is a rare and valuable feature, connecting the property to open space while still being close to the everyday conveniences of West Novato. With substantial recent improvements, flexible living arrangements, and a setting that is hard to replicate, this is a property with both immediate livability and long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 87% |
| Baths | 4.0 | 3.0 | 89% |
| Square foot | 2,097 | 2,005 | 55% |
| Lot Size | 8,368 | 10,642 | 29% |
| Price | $1.20M | $1.16M | 58% |
| Price per sq ft | $570 | $584 | 47% |
| Built year | 1956 | 1964 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 158 | 3% |
May 7, 2026
$1,195,000
Initial Listing
Mar 4, 2021
$850,000
Public Record
Aug 19, 2005
$170,500
Public Record
Aug 17, 2005
$92,000
Public Record
Jun 27, 2005
$125,500
Public Record
Sep 6, 2002
$455,000
Public Record