
Novato, CA 94949
This Waterfront Single-Family Residence is a Strong Value Opportunity, listed at $1,438,000—positioned above the $1,336,189 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3, featuring a Granite Kitchen, Hardwood Floors, and a Private Boat Dock on a wide waterway. With its South-Facing Water Views and Single-Level Layout, this home provides a rare lifestyle asset. It is an ideal acquisition for Downsizers or Waterfront Enthusiasts seeking a move-in ready sanctuary in Bel Marin Keys.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 164 Montego Key Subject | $1,438,000* List Price | 2 | 2 | 1,324 | $1,009 | - |
A 45 Bahama Reef Sold | $1,350,000 | 3 | 2 | 1,625 | $831 | 0.8 mi |
B 289 Montego Key Pending | $1,098,000 List Price | 3 | 2 | 1,127 | $974 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1964, the property has been significantly updated with hardwood floors, recessed lighting, and a kitchen featuring granite countertops. The bathrooms and laundry area show modern finishes and well-maintained systems, placing the renovation age likely within the 5-15 year range. It is functional and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10241, living area = 1324.
The property features a private boat dock on one of Bel Marin Keys' widest waterways, offering exceptional south-facing water views and a direct backdrop of Mount Tamalpais.
The single-story floor plan provides effortless indoor-outdoor flow and accessibility, making it highly attractive for downsizers or those seeking a seamless waterfront lifestyle.
With only two bedrooms, the home may face a smaller buyer pool, particularly among families or professionals requiring multiple home offices.
At 1,324 square feet, the living space is relatively compact for the $1.4M+ price point, which may feel restrictive compared to larger neighboring residences.
Sweeping south-facing water views define this beautifully positioned single-level waterfront home in Bel Marin Keys. Overlooking one of the community's widest waterways, the home enjoys an exceptional setting with abundant natural light and distant views of Mount Tamalpais completing the picturesque backdrop. A welcoming circular driveway creates an elegant sense of arrival, while the front door opens to immediate sightlines through the living room and out to the water beyond. Thoughtfully designed for effortless everyday living, the two-bedroom, two-bath floor plan offers hardwood floors, a charming kitchen with granite countertops, an adjoining dining area, and a spacious living room with sliding glass doors that seamlessly connect to the waterfront backyard. The primary suite is perfectly positioned to capture the views and features an ensuite bath with direct access to the outdoor living spaces. A guest bedroom, full bath, dedicated laundry closet, and attached two-car garage with generous storage complete the home. Outside, a spacious paver patio, level turf, mature fruit trees, private boat dock, and waterside seating area create an inviting setting for entertaining or simply enjoying the Bel Marin Keys lifestyle. Whether boating, paddleboarding, kayaking, or relaxing as the light dances across the water, this home offers an exceptional opportunity to experience waterfront living at its finest. Conveniently located near Highway 101 with easy access to Marin, Sonoma, Napa, and San Francisco, this is a rare opportunity to enjoy single-level living in one of Bel Marin Keys' most desirable waterfront locations.
No exterior & parking available.
Grades K-8 • 2.4 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,324 | - |
| Lot Size | 10,241 | - |
| Price | $1.44M | $1.30M |
| Price per sq ft | $1.1K | $630 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 16 | 37 |
Jul 6, 2026
$1,438,000
Initial Listing
May 5, 2021
$1,238,000
Public Record
Nov 12, 2008
$550,000
Public Record