
Mill Valley, CA 94941
This property presents a High-Potential Investment Opportunity with a List Price of $1,495,000—positioned slightly above the $1,480,160 Fair Market Value. While not a discount buy, the rare street-to-street lot and Water Views offer significant upside for a primary residence with an ADU. With a Condition Rating of 5, the home requires a complete renovation, making it a value-add asset. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants with the vision to execute a major redevelopment in the Almonte neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 191 Morning Sun Avenue Subject 4 bd · 2 ba · 1,805 sqft · $820 | $1,495,000* List Price | 4 | 2 | 1,805 | $820 | - |
A 202 Cleveland Court Sold 3 bd · 2 ba · 1,818 sqft · $825 · 0.3 mi | $1,500,000 | 3 | 2 | 1,818 | $825 | 0.3 mi |
B 1091 W California Avenue Active 4 bd · 2 ba · 2,177 sqft · $825 · 0.9 mi | $1,795,000 List Price | 4 | 2 | 2,177 | $825 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 (59 years old), this property falls into the category requiring significant rehab. The listing description explicitly invites a 'complete renovation' or 'redevelopment,' framing the existing structure as a 'starting point' rather than a move-in ready home. Visual evidence shows weathered exterior decking and dated architectural elements consistent with a property needing major updates to systems and finishes.
The rare street-to-street lot configuration from Morning Sun Avenue to Lilac Lane offers significant upside for a primary residence with a separate ADU or income-producing unit.
The property features desirable water views, a premium asset in the Mill Valley market that enhances both the living experience and long-term investment value.
Situated in a highly sought-after neighborhood, the property provides excellent proximity to top-rated schools, local amenities, and convenient Highway 101 access.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6660, other record lot size in square feet = 8111. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Marketed as a 'reimagining' opportunity, the property likely requires a substantial capital investment for a complete renovation or redevelopment to meet modern standards.
Built in 1965, the existing structure may necessitate costly updates to core systems, including electrical, plumbing, and insulation, to align with current building codes.
Make Morning Sun Magical Again! A unique opportunity in one of Mill Valley's most desirable settings with WATER VIEWS - 191 Morning Sun Avenue is a special property with an exceptionally large, street-to-street lot extending from Morning Sun Avenue to Lilac Lane, offering a rare combination of land, sunlight, privacy and upside. Currently configured as two units, the property presents an exciting opportunity to reimagine the site as a substantial primary residence with a separate ADU, guest space or income-producing unit with independent access from Lilac Lane. The existing home(s) provide a starting point, while the scale and configuration of the lot invite a much bigger vision. Imagine creating a generous VIEW-oriented Mill Valley home with expansive indoor/outdoor living, a private yard and a separate space above or incorporated into the existing garage accessed from Lilac Lane. Whether the goal is a complete renovation, expansion or a thoughtful redevelopment of the property, there is significant potential for someone willing to bring the right imagination. Located in the Almonte neighborhood the property is close to Tamalpais High School, Mill Valley Middle School, local shopping and restaurants, with easy access to Highway 101 and all that Mill Valley and Southern Marin have to offer. This is an opportunity to acquire an unusually large parcel with multiple possibilities and create something truly special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,805 | 2,079.875 |
| Lot Size | 6,660 | 7,480.325 |
| Price | $1.50M | $2.25M |
| Price per sq ft | $828 | $1.1K |
| Built year | 1965 | 1960 |
| HOA | $0 | $160 |
| Days on market | 4 | 32 |
Oct 20, 2026
$1,495,000
Initial Listing