
Mill Valley, CA 94941
This Stunning Move-In Ready Home is a Prime Investment Opportunity, listed at $4,500,000—positioned well below the $4,604,633 Fair Market Value by 2%. This valuation gap offers $104,633 in Instant Equity. Featuring a Comprehensive Modern Remodel, 5 bedrooms, and a Versatile Lower-Level Suite, the property holds an Excellent Condition Rating. Located near Top-Rated Schools like Mill Valley Middle and Tamalpais High, this residence is ideal for Owner-Occupants or multi-generational families seeking a turnkey lifestyle in Strawberry Manor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Ricardo Road Subject | $4,500,000* List Price | 5 | 4 | 4,062 | $1,134 | - |
A 39 Strawberry Circle Sold | $3,550,000 | 4 | 4 | 3,036 | $1,169 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1949 home has undergone a comprehensive, high-end remodel as evidenced by the brand-new kitchen with stainless steel appliances, modern spa-like bathrooms, and updated wide-plank flooring throughout. The interior features recessed lighting and fresh finishes, while the exterior shows a well-maintained roof and manicured grounds, fitting the criteria for a recent renovation in mint condition.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
The home features a rare lower-level configuration with a private entrance, kitchenette, and two bedrooms, providing exceptional flexibility for an au pair, multi-generational living, or long-term guests.
Fully updated with a brand-new chef’s kitchen and a luxurious primary suite featuring vaulted exposed-beam ceilings, this residence offers a turn-key experience with high-end contemporary finishes.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8198, other record lot size in square feet = 9606.
With a list price of $4.5M, the 8,198 sqft lot may feel restrictive to buyers expecting more significant acreage or total privacy typical of high-end Mill Valley estates.
The property offers only 'peek-a-boo' water views, which may be a drawback for luxury buyers specifically seeking expansive or unobstructed vistas of the Bay.
Welcome to 120 Ricardo Road, a fully remodeled residence located in the sought-after Strawberry Manor neighborhood of Mill Valley. This 5-bedroom, 3.5 bath home sits on a large, corner, sunny lot and features a spacious optimal floor plan. Upon entering the home, the first thing you notice is the view through the home out to the lush backyard with mature trees. The living room features walls of glass with southern exposure for year-round natural light and a cozy wood burning fireplace. Off the living room is the intimate dining room with French doors leading out to the patio. The brand-new kitchen features stainless steel appliances, a breakfast counter and wall to wall windows looking out at trees and foliage. The expansive family room flows the entire width of the home and includes a powder room for guests. Upstairs is the ultimate primary suite, with vaulted exposed beam ceilings, a sitting area, closet, home gym (or room to expand the closet) and a spa-like bathroom with soaking tub and walk-in shower. Two large bedrooms are located on the main floor in the east wing as well as a full guest bathroom. The lower level of the home is perfect for family or guests on longer visits or for an Au Pair. With its own entrance, two guest rooms, a full bath and second living room with kitchenette, the lower level provides a flexibility that most homes do not. When you step outside to the back yard, it feels like you are transported to Provence, with light stucco walls planted with lavender and multiple outdoor lounging areas. There is a large stone patio for entertaining and dining al fresco, a wood burning brick grill, lush lawn and terraces for sitting by the fire, sun bathing and enjoying the California weather with peak-a-boo water views. The home includes a detached two-car garage, off-street parking for guests and is close to everything. Twelve minutes by car to San Francisco, a two-minute stroll to Strawberry Rec with tennis, swimming and sports fields, four minutes to Harbor Cove for shoreline access and near tons of shops, grocery stores and restaurants. This home truly has it all.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 4.0 | 3.0 | 69% |
| Square foot | 4,062 | 2,306 | 90% |
| Lot Size | 8,198 | 10,000 | 34% |
| Price | $4.50M | $2.23M | 92% |
| Price per sq ft | $1.1K | $1.0K | 68% |
| Built year | 1949 | 1958 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 144 | 2% |
May 18, 2026
$4,500,000
Initial Listing