18 Margarita Terrace, Novato, CA 94947, Novato, 94947 - 2 bed, 2 bath
Loading property details...
Novato, CA 94947
This Stunning Top-Floor Corner Condominium is listed at $499,950, representing a stable and competitive price point aligned with its $492,331 Fair Market Value. Boasting an Exceptionally Well-Maintained Condition Rating, the home features fresh paint, new carpeting, and rare privacy with no shared walls. Residents enjoy expansive mountain views from a private deck alongside resort-style amenities including a pool and tennis courts. Near Novato High School and Lynwood Elementary, this move-in ready sanctuary offers a low-maintenance lifestyle, making it an ideal fit for Owner-Occupants or first-time buyers seeking seclusion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18 Margarita Terrace Subject | $499,950* List Price | 2 | 2 | 1,119 | $440 | - |
A 65 Scottsdale Way Sold | $513,000 | 2 | 2 | 1,118 | $459 | 0.1 mi |
B 314 Silvio Lane Sold | $455,000 | 2 | 1 | 903 | $504 | 0.6 mi |
C 323 Silvio Lane Sold | $460,000 | 2 | 1 | 903 | $509 | 0.6 mi |
D 72 Plumas Circle A Sold | $380,000 | 2 | 1 | 861 | $441 | 0.7 mi |
E 5 Corinthian Court Active | $529,950 List Price | 2 | 2 | 1,118 | $474 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and move-in ready with fresh paint and new carpeting. However, the kitchen and bathrooms retain their original 1970s-style dark wood cabinetry, laminate countertops, and older appliances (including a coil-top stove and white refrigerator), which show signs of being outdated despite their functional condition.
As a top-floor corner unit with no shared walls or immediate neighbors, this property offers a rare level of peace and seclusion for condominium living.
The unit boasts expansive mountain views and a private deck, providing a picturesque setting for sunrises and sunsets that significantly enhances its market appeal.
The home is move-in ready, featuring fresh interior paint, newly installed carpeting, and tasteful updates, reducing the need for immediate post-purchase investment.
The association fee of $691 per month is relatively high, which may impact buyer affordability and overall carrying costs compared to other local options.
The assigned elementary school has a rating of 2, which could be a deterrent for families with young children and potentially affect future resale value.
Huge Price Reduction. Best price in Marin for a Stunning View Two Bed, Two Bath Condo in Prime Novato Location! Live the Novato lifestyle in this top-floor corner unit with no shared walls and no immediate neighbors, peace, privacy, and views included! Located near the Vintage Shopping Center with quick freeway access for an easy commute, this condo checks all the boxes. Freshly painted with newly installed carpeting, tasteful updates, and an extra storage unit, it's truly move-in ready. Large, sunny primary bedroom with walk-in closet and primary bath. Updated hallway bath and bright 2nd bedroom. One car reserved carport parking plus plenty of guest parking. Enjoy elevator access, a private deck ideal for sunrises and sunsets, and expansive views. The HOA delivers resort-style living with a pool, hot tub, and tennis courts. Location, lifestyle, and low-maintenance living all in one incredible package!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,119 | 985 | 65% |
| Lot Size | 1,119 | 1,428.77 | 41% |
| Price | $499.9K | $455.0K | 59% |
| Price per sq ft | $447 | $453 | 41% |
| Built year | 1979 | 1977 | 71% |
| HOA | $691 | $543 | 88% |
| Days on market | 82 | 175 | 6% |
Mar 14, 2026
$499,950
$510,000
-2% Price Drop
Initial Listing
Feb 26, 2026
$510,000
$515,000
-1% Price Drop
Initial Listing
Jan 30, 2026
$515,000
Initial Listing