1125 Highway 1, Bodega Bay, CA 94923, Bodega Bay, 94923 - 3 bed, 2 bath
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Bodega Bay, CA 94923
This Multi-Unit Waterfront Asset represents a Strong Value Opportunity, listed at $1,949,000—positioned above the $1,821,894 Fair Market Value. While priced at a premium, the property offers rare 180-degree panoramic views and a private beach on the Sonoma Coast. Featuring a Condition Rating of 3, the home includes three turnkey units with updated finishes, ideal for maximizing rental income. This unique configuration serves as a versatile coastal sanctuary or high-yield investment, perfect for Buy-and-Hold Investors or Multi-Generational Homeowners seeking a legacy property.
Property is move-in ready.
While originally built in 1910, the property features significant modern renovations including updated kitchens with stainless steel appliances, renovated bathrooms with contemporary vanities, and newer recessed lighting. The interior finishes, hardwood flooring, and updated deck railings indicate a well-maintained, turnkey condition consistent with a 5-15 year renovation cycle.
The property is positioned directly over the water with a private beach and 180-degree panoramic views, offering a rare level of coastal access and scenery that is difficult to find on the Sonoma Coast.
Configured as three separate living units with updated finishes and private decks, this property offers exceptional versatility as a turnkey vacation rental, multi-generational home, or high-yield investment.
Despite its historic 1910 origins, the home features updated interior finishes across all levels, allowing for immediate occupancy or rental without the need for significant initial renovations.
The 1910 construction combined with a direct waterfront location subjects the structure to intense salt-air corrosion and moisture, likely requiring higher-than-average ongoing maintenance costs.
The property is listed as a Single Family Residence but functions as three units; this discrepancy may present challenges for buyers seeking traditional residential financing or specific short-term rental permits.
Experience the quintessential Sonoma Coast lifestyle at this exceptional waterfront property, positioned directly over the pristine waters of Bodega Bay. Set on a premier parcel, this multi-level home commands unobstructed 180-degree panoramic views stretching across the bay and the historic harbor waterwaysa setting that's nearly impossible to find on this stretch of coast. Your own private beach offers direct access for kayaking, paddleboarding, and simply soaking in the rhythm of the tides. With unmatched spatial versatility, this property shines as a coastal sanctuary, turnkey vacation rental, or multi-generational investment propert. Three income-producing units, one unbeatable location. The thoughtfully separated levels all with updated finishes include a 2-bedroom, 1-bath unit on the upper level, a 2-bedroom, 1-bath unit on the middle level, and a 1-bedroom, 1-bath unit on the lower leveleach with its own private deck framing sweeping bay views. Ample parking welcomes family, friends, and guests ready to take on everything the Sonoma Coast has to offer. A rare opportunity to own a true waterfront legacy property on Bodega Bay!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 9-12 • 10.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,078 | - |
| Lot Size | 10,624 | - |
| Price | $1.85M | $1.49M |
| Price per sq ft | $890 | $746 |
| Built year | 1910 | 0 |
| HOA | $0 | $0 |
| Days on market | 22 | 214 |
Jul 14, 2026
$1,849,000
$1,949,000
-5% Price Drop
Initial Listing
Jun 30, 2026
$1,949,000
Initial Listing
Jun 5, 2013
$915,000
Public Record
Jul 15, 2005
$529,000
Public Record