
Mill Valley, CA 94941
This Historic Craftsman Landmark is a High-Potential Investment Opportunity, listed at $5,495,000—positioned above the $4,820,272 Fair Market Value. While priced at a premium, the property offers exceptional value through its 17,500 sq ft double lot and Zoned R2 flexibility. Featuring a Mint Condition Rating following a high-end renovation, this home includes a remodeled marble kitchen, Mt. Tamalpais views, and a separate ADU-ready lower level. Located near top-rated schools like Mill Valley Middle, this is an ideal acquisition for multi-generational families or discerning owner-occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 183 Molino Avenue Subject | $5,495,000* List Price | 5 | 3 | 3,537 | $1,363 | - |
A 38 Helens Lane Sold | $4,495,000 | 4 | 4 | 3,663 | $1,227 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1911, the property has undergone a comprehensive high-end renovation within the last 5 years. The listing and images confirm a fully remodeled kitchen with marble countertops and brass detailing, updated bathrooms, a new roof, and updated electrical systems, meeting the criteria for mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17354, living area = 3537.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
Originally built by Mill Valley's first mayor, this 1911 Craftsman preserves its architectural integrity with box beam ceilings and wood paneling while featuring high-end modern updates like a marble kitchen and new roof.
With a list price of $5.495 million, the property sits at a high price point that may limit the pool of qualified buyers despite its unique features and lot size.
As a landmark home built in 1911, the property may require specialized ongoing maintenance to preserve its historic character and architectural details compared to newer constructions.
Set behind a garden gate on one of Mill Valley's most established streets, this landmark 1911 Craftsman, originally built by the city's first mayor, offers a rare blend of architectural integrity, privacy, flexibility, and an exceptional double lot setting. A gracious approach leads to a welcoming porch where expansive windows frame mature gardens and Mt. Tamalpais views. Inside, a light-filled entry opens to beautifully preserved interiors featuring box beam ceilings, rich wood paneling, built-ins, and hardwood floors, thoughtfully paired with modern updates. The main level features a generous living room with a clinker brick fireplace, formal dining room, and fully remodeled kitchen with marble countertops, custom millwork, and refined brass detailing. A powder room and mudroom provide convenient access to the outdoors and carport. Upstairs, the primary suite captures Mt. Tam views and includes a walk-in closet and an updated bath. Two additional bedrooms offer flexibility for family, guests, or office use. The lower level expands the home's versatility with two bedrooms, a full bath, second kitchen, separate entrance, and direct garden access, ideal for guests, extended family, or potential ADU use. Set on an exceptional 17,500 sq ft lot, formerly two parcels, the property offers a rare sense of space, privacy, and sun exposure seldom found this close to downtown Mill Valley. The gardens, previously featured on the Mill Valley Garden Tour, include mature landscaping and multiple outdoor living areas. Bordering Staircase 17, the property enjoys a direct pedestrian connection to downtown Mill Valley, offering a unique combination of seclusion and accessibility. Zoned for two units and currently configured as a single-family residence, the property offers exceptional flexibility and future potential. Recent improvements include a new roof, updated electrical, remodeled kitchens and baths, and enhanced insulation. Additional features include a three-car Craftsman-style carport with EV charging, off-street parking, and multiple access points. Located moments from downtown Mill Valley, top-rated schools, and the trails of Mt. Tam, this is a rare opportunity to own a historic property with exceptional land, character, and versatility.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades PK-5 • 1.1 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,537 | 2,306 | 83% |
| Lot Size | 17,354 | 10,001 | 80% |
| Price | $5.50M | $2.23M | 92% |
| Price per sq ft | $1.6K | $1.0K | 88% |
| Built year | 1911 | 1958 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 144 | 2% |
May 15, 2026
$5,495,000
Initial Listing
Nov 30, 2022
$2,750,000
Public Record