
Novato, CA 94947
This Spacious Gated Estate represents a High-Potential Investment Opportunity, listed at $2,395,000—positioned well below the $2,473,640 Fair Market Value by 3%. This valuation gap offers $78,640 in Instant Equity. While the home maintains a Condition Rating of 4, the dated interior finishes provide a clear path for value-add renovations. Featuring panoramic bay views, a pool and spa, and owned solar with Tesla batteries, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a private, sustainable luxury estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15 Ravine Way Subject | $2,395,000* List Price | 4 | 5 | 4,556 | $533 | - |
A 2554 Vineyard Road Active | $1,740,000 List Price | 5 | 4 | 3,432 | $507 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property is well-maintained but the kitchen and bathrooms are significantly dated, featuring original-style light wood cabinetry, tile countertops, and gold-tone fixtures. While the home features modern system upgrades like solar panels and Tesla batteries, the primary interior finishes are over 30 years old and require updating to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 117612, living area = 4556.
Set on a 2.7-acre gated estate in the prestigious Verissimo Valle, this property offers rare 360-degree panoramic vistas of the bay and surrounding hills with complete seclusion.
The estate is equipped with owned solar panels for both the home and pool, paired with Tesla storage batteries, providing significant energy efficiency and utility cost savings.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1985, the home may require interior cosmetic updates or renovations to meet the contemporary aesthetic preferences of modern luxury buyers.
The expansive 2.7-acre lot with extensive landscaping, fruit trees, and water features will require significant ongoing maintenance and associated costs.
Feel like you are on top of the world! Location and views that are beyond compare in prestigious Verissimo Valle. This gated estate property spanning 4556 sf of living space on 2.7 acres, offers complete privacy alongside panoramic views to the bay and 360 degrees of sweeping vistas. With four bedrooms and 4.5 baths, this home has a versatile floorplan opening to a large pool and spa for recreation and a gazebo for entertaining, plus a separate studio, suitable for an office, workshop or hobbies. Blending indoor and outdoor living, the main level contains an elegant formal living room with fireplace, a formal dining room, large family room, spacious kitchen and a main level guest suite. Almost all the rooms have wonderful scenic views and natural light. The grounds are gorgeous, with grapevines, olive and fruit trees, roses galore and many beautiful flowering plants and shrubs. There is a 3-car garage, with additional parking for at least 10 more cars, owned solar panels for home and pool and Tesla storage batteries. This is a truly exceptional home where everyday feels like a vacation. Come and experience it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,556 | 2,048.556 |
| Lot Size | 117,612 | 10,147.097 |
| Price | $2.40M | $1.23M |
| Price per sq ft | $526 | $644 |
| Built year | 1985 | 1968 |
| HOA | $240 | $289 |
| Days on market | 65 | 43 |
Jul 22, 2026
$2,395,000
$2,595,000
-8% Price Drop
Initial Listing
Jul 6, 2026
$2,595,000
Initial Listing