
Greenbrae, CA 94904
This Prime Redevelopment Asset is listed at $1,429,000, representing a strategic entry into the prestigious Greenbrae "flats" relative to its $1,265,826 Fair Market Value. While the property carries a Condition Rating of 5 and requires a total rehabilitation, the value is driven by the 11,552 sq ft lot and High Available Lot Utilization. With neighboring signature estates valued up to $4M, this site offers substantial Value-Add potential for forced appreciation. It is a high-upside acquisition for Developers or Visionary Buyers looking to capitalize on a premier Marin location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15 La Cuesta Drive Subject | $1,429,000* List Price | 2 | 1 | 1,334 | $949 | - |
A 11 La Cuesta Drive Sold | $1,750,000 | 3 | 2 | 1,568 | $1,116 | 0.0 mi |
B 296 N Almenar Drive Sold | $1,315,000 | 3 | 2 | 1,530 | $859 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, this property is in mostly original condition and requires a complete rehabilitation to meet modern standards. The kitchen is severely outdated with aged cabinetry, worn flooring, and appliances showing significant grime and wear. The bathroom features mid-century tiling and fixtures with poor wall finishes. The listing description itself targets buyers with 'vision' for a custom residence or major remodel, acknowledging that the value lies primarily in the large lot and prime location rather than the current state of the structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11552, living area = 1334.
Situated in the highly desirable 'flats' of Greenbrae, the property offers exceptional proximity to top-rated schools, Bon Air Shopping Center, and a convenient commute to San Francisco.
The oversized 11,550 sq ft lot provides a rare canvas for a custom expansion or the creation of a signature estate, offering significant flexibility for buyers with a long-term vision.
The current 1949 structure is modest with only 2 bedrooms and 1 bathroom, likely requiring a substantial overhaul to meet modern luxury standards and functional needs.
Realizing the property's full potential will necessitate a significant additional financial investment beyond the purchase price for major remodeling or ground-up construction.
Rarely does an opportunity of this caliber present itself in the prime flats of Greenbrae. Set on an expansive 11,550 sq ft lot, with an existing residence of approx. 1,334 sq ft, this is a property for those with vision. Buyers who instantly recognize the rarity of location, land, and long-term potential. Surrounded by higher-value homes in one of Marin's most desirable neighborhoods, it offers the chance to create a custom residence tailored to your lifestyle as a consideration for buyers at the $2.4-$4M price point, depending on amount of square footage added, and less for those just remodeling the existing footprint. For the discerning buyer, this is more than a home site. It is a strategic and deeply compelling investment in one of Marin's most sought-after settings. Moments from top-rated schools, Bon Air Shopping Center, Highway 101, medical facilities, parks, and an easy commute to San Francisco, the location is both convenient and exceptional. Whether reimagined, expanded, or transformed into a signature estate, the possibilities are extraordinary. Opportunities with this combination of lot size, prime location, exclusivity, and upside seldom come to market. This is Greenbrae real estate at its most promising: rare, refined, and ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 1.0 | 3.0 | 7% |
| Square foot | 1,334 | 2,466 | 7% |
| Lot Size | 11,552 | 9,975 | 62% |
| Price | $1.43M | $2.27M | 17% |
| Price per sq ft | $1.1K | $1.1K | 52% |
| Built year | 1949 | 1956 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 175 | 3% |
Apr 12, 2026
$1,429,000
Initial Listing