125 Caribe Isle, Novato, CA 94949, Novato, 94949 - 3 bed, 2 bath
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Novato, CA 94949
This waterfront Single Family Residence is a Strong Value Opportunity, listed at $1,648,000—positioned well below the $1,706,258 Fair Market Value by 3%. This valuation gap offers $58,258 in Instant Equity. Featuring a Good Condition Rating, the home includes a private boat dock, Pebble Tec pool, and owned solar. While the local middle school rating is modest, the property’s deep-water access and panoramic views provide a premium lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking waterfront luxury.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 125 Caribe Isle Subject | $1,648,000* List Price | 3 | 2 | 2,171 | $786 | - |
A 1153 Bel Marin Keys Boulevard Sold | $1,454,000 List Price | 3 | 3 | 2,113 | 0.7 mi | |
B 981 Bel Marin Keys Boulevard Sold | $1,500,000 | 3 | 2 | 2,402 | $624 | 0.1 mi |
C 20 Montego Key Sold | $1,549,000 | 4 | 3 | 1,952 | $794 | 0.1 mi |
D 196 Caribe Isle Active | $1,750,000 List Price | 3 | 2 | 2,101 | $833 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1964, the property shows signs of significant maintenance and modernization, including owned solar panels, a Pebble Tec pool, and an opened-up kitchen layout. The 'newly painted interior' and move-in ready status suggest a renovation or major update occurred within the 5-15 year window, placing it in the Good category despite its chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10560, living area = 2171.
The property features a private boat dock with deep-water access and a Pebble Tec swimming pool, offering a premium waterfront lifestyle in the desirable Bel Marin Keys.
The home includes fully owned solar panels, providing significant long-term utility savings and increasing the property's overall value and appeal.
Built in 1964, the home may require additional investment to modernize original systems or structural elements beyond the recent interior paint.
The assigned middle school carries a lower rating (4/10), which may be a drawback for families prioritizing high-performing educational facilities.
Waterfront Single Story Beauty in Bel Marin Keys! Pebble Tec swimming pool, private boat dock with deep-water access. Water views from the primary bedroom, family room and dining room. Newly painted interior. Solar owned. 3 bedrooms and 3 full bathrooms on a nearly quarter acre lot. Open kitchen to the family room and breakfast nook. Sunset views. Vacation every day!
No exterior & parking available.
Grades K-8 • 2.1 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 2,171 | 2,217 | 50% |
| Lot Size | 10,560 | 10,326 | 58% |
| Price | $1.65M | $1.50M | 63% |
| Price per sq ft | $759 | $665 | 71% |
| Built year | 1964 | 1970 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 154 | 4% |
Jun 9, 2026
$1,648,000
Initial Listing