124 Montego Key, Novato, CA 94949, Novato, 94949 - 4 bed, 3 bath
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Novato, CA 94949
This Exquisite Waterfront Residence is listed at $1,995,000, representing a stable and fair acquisition relative to its $1,932,953 Fair Market Value. Boasting a Good Condition Rating, the home features dual primary suites and premium infrastructure including hydraulic piers and hydronic heating. The resort-style exterior is highlighted by a private dock with boat lift, a sandy beach, and an outdoor kitchen, offering an unparalleled aquatic lifestyle in Bel Marin Keys. Located near Novato High School, this property is a premier choice for boating enthusiasts or Owner-Occupants seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 124 Montego Key Subject | $1,995,000* List Price | 4 | 3 | 2,613 | $740 | - |
A 1066 Bel Marin Keys Boulevard Sold | $2,175,000 | 4 | 3 | 2,474 | $879 | 0.6 mi |
B 28 Caribe Isle Sold | $1,725,000 | 4 | 3 | 2,334 | $739 | 0.6 mi |
C 981 Bel Marin Keys Boulevard Sold | $1,500,000 | 3 | 2 | 2,402 | $624 | 0.4 mi |
D 20 Montego Key Sold | $1,549,000 | 4 | 3 | 1,952 | $794 | 0.3 mi |
E 1153 Bel Marin Keys Boulevard Sold | $1,454,000 List Price | 3 | 3 | 2,113 | 0.9 mi | |
F 228 Montego Key Sold | $1,595,000 | 4 | 3 | 1,906 | $837 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This waterfront property is in move-in ready condition and demonstrates pride of ownership through well-maintained major systems, including hydronic heating, a tankless water heater, and hydraulic piers for structural stability. While the 'country-style' kitchen features dated white appliances and tile countertops that may require cosmetic updating to meet modern luxury standards, the home benefits from recent improvements like new Berber carpeting and a high-quality Trex deck. The overall quality of the architectural features, such as vaulted ceilings and floor-to-ceiling windows, combined with the functional state of the systems, aligns with the 'Good' classification.
The property features a private dock with a hydro hoist boat lift, a sandy beach, and an outdoor kitchen, offering a complete resort-style living experience in the desirable Bel Marin Keys community.
The floor plan includes two spacious primary suites—one on the main level and one upstairs—providing exceptional flexibility for multi-generational living or high-end guest accommodations.
Equipped with hydraulic piers for waterfront stability, hydronic heating, and a tankless water heater, the home demonstrates significant investment in long-term durability and modern infrastructure.
The 'country kitchen' aesthetic may appear dated to luxury buyers seeking a contemporary chef's kitchen, potentially requiring further investment to match the home's overall premium feel.
The assigned middle school has a lower rating (4/10), which may be a drawback for families prioritizing top-tier academic performance within the Marin County school system.
This exquisite 3-bed, 3-bath waterfront home combines luxury and tranquility with a 4th bonus room and a large loft. You'll enjoy spacious living areas with two large primary suites, both with en suites. One is on the main level with French doors leading to the backyard deck and water views. The other is upstairs with a private balcony, walk-in closet, soaking tub, and large shower. Features include a large loft, skylights, vaulted ceilings, gas fireplace, dual-paned windows, new Berber carpet upstairs, and wood plank and tile floors downstairs. Additional highlights include hydronic heating, tankless water heater, central vacuum, and a laundry chute. Floor-to-ceiling windows bring in natural light and showcase water views from every room. The country kitchen includes a pantry and gas range and opens to the main living areas. Hydraulic piers provide added stability for waterfront living. The backyard is ideal for entertaining with a sandy beach, outdoor kitchen, fire pit, large Trex deck with awning, mature palm trees, and a private dock with hydro hoist boat lift. Bel Marin Keys offers boat ramps, docks, tennis, bocce, pickleball, playgrounds, a community center, events, and fitness stations. Whether you're into boating, paddle boarding, or relaxing by the water, this is the ideal setting. This home offers a lifestyle that feels like a vacation every day. Make this dream home your reality!
No exterior & parking available.
Grades K-8 • 2.3 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,613 | 2,281 | 72% |
| Lot Size | 9,601 | 10,350 | 34% |
| Price | $2.00M | $1.50M | 79% |
| Price per sq ft | $763 | $624 | 72% |
| Built year | 1964 | 1971 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 181 | 2% |
Mar 23, 2026
$1,995,000
Initial Listing