
Redwood City, California 94065
This Stunning Penthouse-Style Condominium is a Strong Value Opportunity, listed at $985,000—positioned well below the $1,080,930 Fair Market Value by 8%. This valuation gap offers $95,930 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a Designer Kitchen and Vaulted Ceilings, this residence offers a turnkey lifestyle near Top-Rated Schools like Carlmont High. With resort-style amenities including a Private Boat Dock and Heated Pools, it is an ideal acquisition for Owner-Occupants or first-time buyers seeking luxury waterfront living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20 Cove Lane Subject 2 bd · 2 ba · 1,470 sqft · $670 | $885,000* List Price | 2 | 2 | 1,470 | $670 | - |
A 98 Pelican Lane Sold 2 bd · 1 ba · 1,063 sqft · $715 · 0.1 mi | $760,000 | 2 | 1 | 1,063 | $715 | 0.1 mi |
B 601 Baltic Circle 627 Sold 2 bd · 2 ba · 1,049 sqft · $772 · 1.0 mi | $810,000 | 2 | 2 | 1,049 | $772 | 1.0 mi |
C 46 Pelican Lane Pending 1 bd · 1 ba · 1,170 sqft · $641 · 0.0 mi | $750,000 List Price | 1 | 1 | 1,170 | $641 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent modern renovation (<5 years) featuring a designer kitchen with quartz countertops, stainless steel appliances, and updated hardware, along with new wide-plank flooring and beautifully appointed baths, leaving it in mint, move-in ready condition.
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
This top-floor residence features soaring vaulted ceilings, a flexible upper-level loft, and high-end designer updates including quartz countertops and wide-plank flooring.
Located in Pelican Cove, the property offers premium community features including two heated pools, a spa, a clubhouse, and a private boat dock for waterfront living.
The association fee of $878 per month is significant and may impact the overall affordability and monthly carrying costs for potential buyers.
The property relies on radiant heat and lacks a central air conditioning system, which could be a drawback during increasingly warm California summers.
Penthouse-style living awaits in the sought-after Pelican Cove community of Redwood Shores! Quietly situated on the top floor, this beautifully updated residence makes an immediate impression with soaring vaulted ceilings, oversized windows, wide-plank floors, architectural angles, and an abundance of natural light. The stylish living room centers around an inviting fireplace with views of the surrounding gardens and pool, while the adjoining dining area opens to a sunny, west-facing balcony, perfect for relaxation and entertaining. The designer kitchen features quartz counters, stainless steel appliances, refreshed cabinetry, modern hardware, and generous storage. Two comfortable bedrooms include a primary ensuite with private balcony, walk-in closet, and beautifully appointed bath. An upper-level loft provides flexible space for home office or retreat. In-unit laundry, radiant heat, additional storage, and two parking spaces add everyday convenience. Pelican Cove residents enjoy landscaped grounds, two heated pools, spa, clubhouse, boat dock, and walking paths. An inviting blend of resort-style amenities and relaxed waterfront living, close to parks, waterfront trails, shopping, dining, and convenient Peninsula commute routes.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-6 • 1.2 mi
Grades K-5 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 1.8 |
| Square foot | 1,470 | 1,205.381 |
| Lot Size | - | 30,857 |
| Price | $885.0K | $951.7K |
| Price per sq ft | $602 | $756 |
| Built year | 1983 | 1989 |
| HOA | $878.0 | $676 |
| Days on market | 29 | 55 |
Oct 16, 2026
$885,000
$985,000
-10% Price Drop
Initial Listing
Sep 25, 2026
$985,000
Initial Listing