133 Montego Key, Novato, CA 94949, Novato, 94949 - 3 bed, 3 bath
133 Montego Key
Novato, CA 94949
Property Price
SUMMARY
Analysis of 133 Montego Key, Novato, CA 94949 reveals a Fairly Priced Property with a current list price of $1,395,000 aligned with the estimated $1,406,580 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Novato Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 133 Montego Key Subject | $1,395,000* List Price | 3 | 3 | 1,835 | $767 | - |
A 228 Montego Key Sold | $1,595,000 | 4 | 3 | 1,906 | $837 | 0.3 mi |
B 196 Caribe Isle Sold | $1,600,000 | 3 | 2 | 2,050 | $780 | 0.3 mi |
C 981 Bel Marin Keys Boulevard Active Under Contract | $1,549,000 List Price | 3 | 2 | 2,402 | $645 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1963, the property has undergone extensive recent renovations that bring it to a turn-key, modern standard. The home features a high-end chef's kitchen with premium Wolf and stainless steel appliances, granite and butcher block countertops, and custom cabinetry. All three bathrooms include modern heated floors. Significant infrastructure updates include a new roof (2018), a fully owned 21-panel solar system, a modern heat pump and A/C, and high-quality Anderson windows, meeting the criteria for excellent condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10663, living area = 1835.
- Waterfront Lifestyle
The property features a private 33-foot dock on Novato Creek with direct bay access, backing up to open space for maximum privacy and including a kayak for immediate recreational use.
- Energy Efficiency & Modern Infrastructure
This home is equipped with a fully owned 21-panel solar system, a newer roof from 2018, and a modern heat pump and A/C system, providing significant utility savings and comfort.
CONSRISKS & DEFICIENCIES
- School District Ratings
The assigned middle school carries a relatively low rating of 4, which may be a drawback for families prioritizing high-performance educational scores.
- Vintage Infrastructure
Despite extensive updates, the original 1963 construction may require ongoing vigilance regarding underlying plumbing or electrical systems typical of homes from this era in waterfront environments.
About 133 Montego Key
Enjoy single level living in one of Marin County's most sought-after waterfront communities! This newly updated, turn-key home has a lot to offer with 3 large bedrooms (one with private entrance) and 3 full baths, all with heated floors. Primary bath has door to backyard and garden, looking out to open space. The chef's kitchen opens to dining room and includes a peek-a-boo window looking into living room, a smart oven, island with Wolf range prep sink and seating for 4. All stainless steel appliances & granite countertops plus a 7' baker's butcher block counter, all with custom cabinets. Office/den/nursery off kitchen as well as cold room for wine storage or use as an additional pantry. Large dining room with seating for 12 looks out to backyard for sunset views. Plenty of natural light thanks to large Anderson windows and custom blinds as well as low E skylights and light tubes with shade screens. New roof in 2018 with a 21 panel (fully owned) Solar system, heat pump and A/C. 2 car garage with built-in cabinets, work bench and attic storage. Backyard is artfully landscaped with a redwood deck & Idaho quartz patio. Gas connections ready for outdoor kitchen and fire pit, plus teak furniture, fenced-in raised vegetable garden, and multiple fruit trees (tangerine, lemon, fig, pomegranate, persimmon, apricot, peach & apple); all with a private 33'dock on Novato Creek, giving unlimited access to the bay and backing up to open space for plenty of light and privacy. Kayak is included! Montego Park is just 5 houses away on same side of street...It offers pickleball, bocce ball, a playground for kids, freestanding bbq's and a big lawn for flying kites or exercising Fido.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 10,663 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Novato Unified Schools
Hamilton Meadow Park School
Grades K-8 • 2.4 mi
Novato High School
Grades 9-12 • 2.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,835 | 2,345 | 23% |
| Lot Size | 10,663 | 10,382.5 | 60% |
| Price | $1.40M | $1.54M | 35% |
| Price per sq ft | $760 | $628 | 73% |
| Built year | 1963 | 1973 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 163 | 5% |
Pricing History
Listed for Sale
Feb 9, 2026
$1,395,000
Initial Listing
Sold
Jun 16, 2004
$700,000
Public Record