
Mill Valley, CA 94941
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $2,950,000—positioned well below the $3,142,929 Fair Market Value by 6%. This valuation gap offers $192,929 in Instant Equity for the buyer. Featuring a Good Condition Rating, this 2007-built residence includes a Chef's Kitchen, wide-plank oak floors, and multiple decks with scenic views. Located near Top-Rated Schools like Park Elementary, this property is an ideal acquisition for growing families or discerning owner-occupants seeking a tranquil, high-end lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 122 Ralston Avenue Subject 5 bd · 4 ba · 3,117 sqft · $1,008 | $2,950,000* List Price | 5 | 4 | 3,117 | $1,008 | - |
A 655 Edgewood Avenue Pending 4 bd · 4 ba · 3,386 sqft · $885 · 1.0 mi | $2,995,000 List Price | 4 | 4 | 3,386 | $885 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this 17-year-old home falls within the 10-20 year range for the 'Good' category. The property is exceptionally well-maintained and move-in ready. The chef's kitchen features high-end stainless steel appliances and stone countertops that, while functional and high-quality, reflect the original construction period rather than a recent renovation. Systems and finishes like the wide-plank oak floors and soaring ceilings appear in great condition with no immediate maintenance indicated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16248, living area = 3117.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
Built in 2007, this 3,117 sqft residence offers contemporary structural integrity and a generous five-bedroom layout that is rare for the Mill Valley hillside.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3117, other record living area = 3014.
The steep hillside location may limit the amount of flat, usable yard space for recreation and could present accessibility challenges common to the area.
With a list price of $2.95M, the property sits at a high price-per-square-foot, requiring a buyer specifically seeking the prestige of a secluded hillside retreat.
Tucked into a majestic hillside setting just above Mill Valley, 122 Ralston Avenue offers a rare connection to nature without sacrificing light, space, or comfort. Surrounded by towering trees and gorgeous landscaping, this five-bedroom, three-and-a-half-bath home is bright, airy, and inviting, offering a peaceful escape immersed in natural beauty. A beautiful entrance sets the tone for the interiors, where soaring ceilings, wide-plank oak floors, elevated lighting, and gracious stairways create a sense of understated elegance. From the main living spaces to the bedrooms, the home enjoys a wonderful sense of scale, with generously proportioned rooms that feel expansive yet warm and welcoming. A beautifully appointed chef's kitchen with stainless steel appliances opens seamlessly to a casual dining area and family room, creating an effortless flow between the spaces. Views of the surrounding hills and majestic trees grace every room on the main living level, bringing the outdoors in. The exceptionally functional floor plan strikes a lovely balance between open, connected spaces for gathering and private areas for quiet relaxation, allowing for both togetherness and solitude with ease. Multiple decks and patios extend the living experience outdoors, offering idyllic spaces to unwind and enjoy the surrounding landscape. A spacious two-car garage adds everyday convenience and practicality. Despite its peaceful hillside setting, 122 Ralston is just moments from the vibrant heart of Mill Valley, with its charming downtown, celebrated restaurants, boutique shops, and lively cafes. Award-winning schools, beautiful parks, and scenic hiking and biking trails are all part of the exceptional lifestyle that makes Mill Valley so special. Offering the best of both worlds, this enchanting home combines the tranquility of a nature-filled retreat with the energy, charm, and convenience of one of Marin's most beloved communities.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 4.0 | 2.7 |
| Square foot | 3,117 | 2,079.875 |
| Lot Size | 16,248 | 7,480.325 |
| Price | $2.95M | $2.25M |
| Price per sq ft | $946 | $1.1K |
| Built year | 2007 | 1960 |
| HOA | $0 | $160 |
| Days on market | 1 | 32 |
Oct 23, 2026
$2,950,000
Initial Listing
Sep 21, 2020
$2,600,000
Public Record
May 15, 2008
$2,137,500
Public Record
Dec 1, 2004
$515,000
Public Record