1650 Riverlake Rd, Discovery Bay, California 94505, Discovery Bay, 94505 - 4 bed, 3 bath
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1650 Riverlake Rd
Discovery Bay, California 94505
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,493Sq Ft
12,474Lot Size
Property Price
LIST PRICE$1,075,000
EST. MARKET VALUE
$1,112,086
3% BelowMARKET VALUE
SUMMARY
This Turnkey Waterfront Residence is a Strong Value Opportunity, listed at $1,075,000—positioned well below the $1,112,087 Fair Market Value by 3%. This valuation gap offers $37,087 in Instant Equity for the buyer. Featuring a Mint Condition Rating with recent high-quality renovations, the home offers a panoramic water view and an expansive deck for premium Delta living. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle or waterfront enthusiasts looking for immediate value.
Estimated Market Value
$1,112,086+$37,086 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Discovery Bay.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1650 Riverlake Rd Subject | $1,075,000* List Price | 4 | 3 | 2,493 | $446 | - |
A 4105 Windward Ct Sold | $1,353,000 | 3 | 2 | 2,615 | $517 | 0.7 mi |
B 5619 Berwick Ct Sold | $835,000 | 3 | 3 | 2,172 | $384 | 0.9 mi |
C 4839 Cabrillo Pt Sold | $965,000 | 3 | 2 | 1,763 | $547 | 0.5 mi |
D 2101 2101 Portside Ct Sold | $848,000 | 3 | 2 | 1,814 | $467 | 0.6 mi |
E 5770 5770 Gateway Ct Sold | $845,000 | 4 | 3 | 2,595 | $326 | 1.0 mi |
F 5502 Drakes Ct Sold | $799,000 | 4 | 2 | 2,131 | $375 | 0.6 mi |
G 4630 Spinnaker Way Sold | $820,000 | 3 | 2 | 1,543 | $531 | 0.6 mi |
H 2147 Saint Andrews Ct Active | $894,000 List Price | 4 | 3 | 2,585 | $346 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1992, the property has undergone a recent high-quality renovation within the last 5 years. Photos show a modern bathroom with contemporary black fixtures, shaker-style cabinetry, and updated flooring. The description confirms a fresh, updated interior and well-maintained exterior, meeting the criteria for mint condition.
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 = 12474, living area = 2493.
- Deep-Water Waterfront Access
The property offers direct deep-water access, providing a premium Delta lifestyle for boating enthusiasts and ensuring high long-term investment value.
- Modernized Interior
The home features a beautifully updated interior with a spacious 2,493 sqft floor plan, offering a fresh, move-in-ready experience for buyers.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Property Age
Built in 1992, the home may require closer inspection of original major systems, such as the roof or plumbing, despite the cosmetic interior updates.
- Event Traffic and Noise
The central location and front-row proximity to the annual Christmas Parade route may lead to increased noise and congestion during community events.
About 1650 Riverlake Rd
Experience the best of Discovery Bay deep-water living! This beautifully updated home offers a spacious and versatile floor plan designed for comfortable everyday living and effortless entertaining. Generous living spaces create an inviting atmosphere for gathering with family and friends, while the updated interior gives the home a fresh, welcoming feel. Step outside onto the expansive deck and imagine the possibilities—relaxing, entertaining, dining outdoors and enjoying the one-of-a-kind Delta lifestyle. Ideally located in the heart of Discovery Bay, this home combines waterfront living with convenience, community and small-town charm—including a front-row seat to the beloved annual Christmas Parade. A wonderful opportunity to make the Discovery Bay lifestyle your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1992
- Lot Size
- 12,474 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,493 | 2,373.026 |
| Lot Size | 12,474 | 7,207.895 |
| Price | $1.07M | $813.3K |
| Price per sq ft | $431 | $357 |
| Built year | 1992 | 1990 |
| HOA | $0 | $205 |
| Days on market | 9 | 57 |
Pricing History
Listed for Sale
Aug 31, 2026
$1,075,000
Initial Listing
Sold
Sep 30, 2011
$425,000
Public Record