1605 Riverlake Rd, Discovery Bay, California 94505, Discovery Bay, 94505 - 3 bed, 3 bath
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Discovery Bay, California 94505
This Waterfront Townhouse Sanctuary is a High-Potential Investment Opportunity listed at $499,000—positioned well below the $519,472 Fair Market Value by 3%. This valuation gap provides $20,472 in Instant Equity for a property in Mint, Move-in-Ready Condition. Featuring a private waterfront deck, quartz countertops, and luxury vinyl plank flooring, the home offers a premium lifestyle within the exclusive Sand Bay Isle gated community. With comprehensive HOA coverage and proximity to marina amenities, this is an exceptional find for lifestyle-seekers or Owner-Occupants desiring a turnkey waterfront retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1605 Riverlake Rd Subject | $499,000* List Price | 3 | 3 | 1,608 | $323 | - |
A 2043 Sand Point Rd Active | $519,000 List Price | 3 | 3 | 1,608 | $323 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1990, the property has undergone a comprehensive recent renovation (likely within the last 5 years). The interior features modern luxury vinyl plank flooring, updated stainless steel appliances, quartz countertops, and contemporary fixtures, putting it in mint, move-in-ready condition.
Situated in the gated Sand Bay Isle enclave of only 11 homes, this property offers rare privacy and a spacious deck with direct water views in a highly sought-after area.
The comprehensive HOA covers exterior maintenance, landscaping, water, and insurance, providing a convenient 'lock-and-leave' experience for the homeowner.
The residence is ideally located within walking distance to the marina, waterfront dining, golf courses, and community recreation facilities like pickleball courts and pools.
The $740 monthly HOA fee is significant and may impact the debt-to-income ratio for potential buyers or reduce the overall pool of interested investors.
With a lot size of only 1,920 square feet, the property lacks a traditional yard, which may be a drawback for buyers with pets or those desiring private garden space.
Welcome to one of Discovery Bay’s most private and desirable enclaves, the exclusive Sand Bay Isle community — a gated waterfront retreat of only 11 homes accessed by the North Gate. Tucked away in one of the most sought-after and walkable areas of Discovery Bay, this residence offers rare privacy and tranquility, where pride of ownership truly shines. This beautifully appointed 3-bedroom, 2.5-bath home with a 2-car garage seamlessly blends comfort and coastal charm. Designed for effortless living and entertaining, the home features an inviting layout and a spacious deck overlooking the water — the perfect setting for morning coffee, sunset dinners, and peaceful evenings. Here, life feels like a permanent vacation. Enjoy the safety and serenity of a gated community while being just moments from everything that makes Discovery Bay so special: the marina, waterfront dining, coffee shops, gym, fishing, golf, boating, restaurants, community pool, dog park, pickleball courts, community garden, and year-round events. Adding to the ease of living, the HOA covers water, landscaping, home exterior and ground maintenance, lagoon service, gated community access, and exterior building insurance — allowing you to enjoy a truly low-maintenance, lock-and-leave waterfront lifestyle with predictable costs and peace of mind. Private. Peaceful. Rare. And Ready for You!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 1,608 | 1,459.5 | 50% |
| Lot Size | 1,920 | 2,128 | 50% |
| Price | $499.0K | $463.0K | 50% |
| Price per sq ft | $310 | $318 | 50% |
| Built year | 1990 | 1989 | 50% |
| HOA | $740.0 | $740 | 50% |
| Days on market | 44 | 81 | 50% |
Apr 23, 2026
$499,000
Initial Listing
Feb 19, 2019
$357,000
Public Record
Nov 12, 2014
$273,000
Public Record
Feb 7, 2014
$250,000
Public Record
Dec 6, 2013
$171,000
Public Record