
Bodega Bay, CA 94923
This Renovated Coastal Retreat is a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,407,321 Fair Market Value by 7%. This valuation gap offers $108,321 in Instant Equity for buyers. Boasting an Immaculate Condition Rating, the home features Ocean Views, Trex Decks, and ready-to-submit ADU Plans for expansion. Located within walking distance of local amenities and Bodega Bay Elementary, it balances turnkey luxury with high rental demand. This is an ideal acquisition for Owner-Occupants or Income-Focused Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1235 Bay View Street Subject | $1,299,000* List Price | 3 | 2 | 1,315 | $1,070 | - |
A 2020 Sandpiper Court Active | $1,198,000 List Price | 2 | 1 | 960 | $1,248 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1936, this property has undergone an extensive and high-end renovation within the last few years. The interior features a modern kitchen with stainless steel appliances and quartz countertops, updated bathrooms with contemporary tile work and gold-tone fixtures, and new flooring and recessed lighting throughout. The exterior is equally well-maintained with new Trex decking, modern siding, and professional landscaping, meeting the highest standards for a turnkey property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15002, living area = 1315.
The home offers stunning ocean views from the kitchen, living room, and two newly constructed Trex decks, including a spacious outdoor area with a fire pit table perfect for coastal entertaining.
The property comes with ready-to-submit ADU plans and an existing vacation rental permit, providing a clear path for immediate income generation or property expansion.
With only 1,315 square feet of living space, the home is relatively compact for the $1.299M price point, which may challenge buyers looking for more expansive interior rooms.
Despite the full renovation, the original 1936 structure may present layout limitations or smaller room scales typical of older coastal cottages compared to modern builds.
This custom home has been fully renovated and provides beautiful views of the ocean from the kitchen, living room and both decks. You can appreciate the ocean's beauty while preparing meals or unwinding in the living room. Just off the kitchen, the spacious deck is equipped with a fire pit table, allowing for cozy gatherings and warm evenings under the stars. This outdoor space creates a perfect spot for family and friends to come together and make lasting memories. The home features two newly built decks made from durable Trex material, ensuring they will last for years. With plenty of space and a perfect location, this home is ideal for anyone looking to enjoy coastal living. You are within walking distance of the local grocery store and just half a mile from The Tides Restaurant. It's also only a minute from the local caf. Come see for yourself why this is the perfect home for you! House has ADU plans as well as a permit for vacation rental but is owner occupied. It was very briefly rented for $400 on weekdays and $800 on weekends in the past. Immaculate condition. Owner has ADU plans already drawn up and ready to be submitted, if building a second unit is something that interests you.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 9-12 • 10.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,315 | 1,629 | 33% |
| Lot Size | 15,002 | 8,799 | 73% |
| Price | $1.30M | $1.27M | 53% |
| Price per sq ft | $988 | $804 | 67% |
| Built year | 1936 | 1981 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 228 | 13% |
Mar 24, 2026
$1,299,000
$1,350,000
-4% Price Drop
Initial Listing
Jan 30, 2026
$1,350,000
Initial Listing
Nov 6, 2024
$650,000
Public Record