
Alameda, California 94501
This Turnkey Waterfront Condominium is a Strong Value Opportunity, listed at $629,000—positioned well below the $631,112 Fair Market Value by 0.3%. Featuring a Mint Condition Rating with a tastefully updated kitchen and private balcony, this home offers a seamless lifestyle near the beach and lagoon. With private dock access and a community pool, it provides a rare coastal experience. This property is an ideal sanctuary for commuters seeking easy ferry access or first-time buyers desiring a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2029 Otis Dr P Subject 2 bd · 2 ba · 1,041 sqft · $572 | $599,000* List Price | 2 | 2 | 1,041 | $572 | - |
A 2101 Shoreline Dr 425 Sold 2 bd · 2 ba · 1,015 sqft · $695 · 0.3 mi | $705,000 | 2 | 2 | 1,015 | $695 | 0.3 mi |
B 2137 Otis Drive 302 Sold 2 bd · 2 ba · 1,090 sqft · $445 · 0.1 mi | $485,000 | 2 | 2 | 1,090 | $445 | 0.1 mi |
C 2101 Shoreline Dr 299 Sold 2 bd · 2 ba · 1,274 sqft · $585 · 0.3 mi | $745,000 | 2 | 2 | 1,274 | $585 | 0.3 mi |
D 955 Shorepoint Ct 310 Sold 1 bd · 1 ba · 773 sqft · $543 · 0.8 mi | $420,000 | 1 | 1 | 773 | $543 | 0.8 mi |
E 2137 Otis Dr 204 Active 2 bd · 2 ba · 1,100 sqft · $500 · 0.1 mi | $549,900 List Price | 2 | 2 | 1,100 | $500 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1968, the property has been tastefully updated with a modern kitchen, new flooring, and plantation shutters. The interior presents in mint condition with recent renovations, making it move-in ready with no immediate maintenance required.
Located just two blocks from the beach with rare private dock access to the lagoon, this property offers an exceptional outdoor lifestyle for kayaking and paddleboarding enthusiasts.
As a top-floor unit featuring large windows and a private balcony, the home enjoys abundant natural light and enhanced privacy compared to lower-level units.
The property provides excellent connectivity to San Francisco and Oakland via the nearby Alameda ferry, bus lines, and proximity to Oakland International Airport.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1041, other record living area = 945.
The association fee of $588 per month is a significant recurring expense that buyers must factor into their overall monthly carrying costs.
Constructed in 1968, the building may lack the modern energy efficiencies and contemporary infrastructure found in newer residential developments.
Live two blocks from the sand and surf with everything else close at hand. This top-floor, two-bedroom, two-bath condo sits in the heart of Alameda’s vibrant waterfront neighborhood just blocks from South Shore Center and the shops and restaurants of Park Street, with the beach nearby for beach sunset gazing, morning dips, and weekend sunbathing. For boaters and water lovers, the community offers something rare: a private dock with direct lagoon access just outside your door. Keep a kayak or paddle board ready to go, no commute required. Back on shore, the community pool offer a great places to unwind. Inside, large windows bring abundant natural light into the living spaces, while white louvered shutters provide privacy when needed. A private balcony off the spacious living room is an inviting spot for morning coffee or evening drinks in the bay breeze. The tastefully updated kitchen is equally suited to quick weeknight meals and weekend entertaining. The primary suite includes a private bath, while the second bedroom and bath provide flexibility for guests, a home office, or a roommate. A dedicated covered parking space means no circling for street parking, and a private storage space provides room for beach gear, and seasonal items without taking over your living space. For anyone splitting time between Alameda and San Francisco, Oakland, or beyond, the location makes commuting and travel easy. With convenient access to bus lines, the Alameda ferry, and Oakland International Airport, this is an great home base whether you commute into the city a few days a week or simply want to get where you’re going with minimal fuss. Beach mornings, afternoons on the lagoon, dinner at one of the many amazing restaurants at South Shore or on Park Street, evenings by the pool, and an easy ferry ride to the city when you need it. Welcome home to 2029 Otis Drive, Unit P.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,041 | 1,353.929 |
| Lot Size | 138,520 | 35,067.393 |
| Price | $599.0K | $744.1K |
| Price per sq ft | $575 | $545 |
| Built year | 1968 | 1994 |
| HOA | $588.0 | $592 |
| Days on market | 46 | 49 |
Oct 8, 2026
$599,000
$629,000
-5% Price Drop
Initial Listing
Sep 8, 2026
$629,000
Initial Listing
Jan 14, 1994
$130,000
Public Record