
Vallejo, CA 94590
This Waterfront Bungalow is a High-Potential Investment Opportunity, listed at $649,500—positioned above the $537,554 Fair Market Value. While the property carries a Fair Condition Rating due to dated finishes, its rare Fee Simple Waterfront status and Panoramic Water Views provide significant long-term value. The expansive deck and unique over-water positioning offer a lifestyle-focused asset with clear potential for cosmetic modernization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique coastal retreat with significant upside.
Property is moderate renovation needed.
Built in 2000, the property is 26 years old and maintains its original finishes. While exceptionally clean and well-maintained, the kitchen and bathrooms are dated with 20-plus-year-old cabinetry, laminate-style counters, and black appliances, meeting the criteria for 'Fair' due to age and the need for modern updates.
The rare 'over water' positioning provides a unique lifestyle experience similar to Sausalito, allowing for direct fishing and immediate water access from the expansive back deck.
The property boasts million-dollar mountain and water views with abundant natural lighting throughout, creating a bright and airy atmosphere that feels larger than its actual square footage.
Unlike many specialized waterfront properties, this is a fee simple lot that includes 2.5 dedicated parking spaces, offering greater long-term value and ownership security.
At 1,190 square feet, the bungalow's compact footprint may be a constraint for buyers requiring significant storage or room for larger families.
While the property includes dedicated parking, the spaces are located across the street rather than attached to the home, which may be a convenience drawback during inclement weather.
Beautifully located charming bungalow in extraordinary over water location. Tahiti, Sausalito, Belvedere? No, it's right here in Vallejo, California. What a place to relax! Fantastic primary or second home for City or Valley dwellers to get away from it all. This fee simple lot extends to the 2 1/2 parking spaces directly across from the home. Expansive decking, million dollar views and natural lighting abound. Lovely neutral decor that feels much larger than the square footage. Truely an amazing location to unwind. Fish from your own back deck, enjoy the boats sailing by or just relax to the sound of the waves. If vacation every day is the vibe you're looking for then this is the home for you!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 2.0 | 1.0 | 51% |
| Square foot | 1,190 | 1,086 | 55% |
| Lot Size | 5,227 | 5,663 | 44% |
| Price | $649.5K | $420.0K | 91% |
| Price per sq ft | $546 | $356 | 96% |
| Built year | 2000 | 1937 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 225 | 2% |
Jun 2, 2026
$649,500
Initial Listing