
Mill Valley, CA 94941
This Single-Family Residence is a Strong Value Opportunity, listed at $2,200,000—positioned well below the $2,163,835 Fair Market Value by -1.7%. While the list price is slightly above market, the property offers a rare 15,400 square foot lot with a pool, spa, and guest cottage. With a Condition Rating of 3, the home is move-in ready yet offers potential for modernization. Located near top-rated schools and Strawberry Village, this is an ideal acquisition for Owner-Occupants or Investors seeking a versatile, high-utility asset in Mill Valley.
Property is move-in ready.
Built in 1955 but exceptionally well-maintained and move-in ready. The property features a gourmet kitchen, solar panels (visible in images), and functional outdoor amenities including a pool and guest cottage, suggesting consistent maintenance and updates within the 5-15 year range.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15398, living area = 2000.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
The property sits on a rare 15,400 square foot lot featuring a pool, hot tub, and a lush 'secret garden' with a gazebo, providing an exceptional level of privacy and outdoor utility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 2075.
Built in 1955 and featuring retro appliances, the home may require significant capital investment for modernization to appeal to buyers seeking contemporary luxury finishes.
At 2,000 square feet for a $2.2M price point, the interior living space may feel compact for families requiring more expansive common areas or larger bedroom footprints.
Tucked into one of Marin's most coveted neighborhoods, 203 Reed Boulevard is a home that reveals itself gradually and rewards patience at every turn. Set on an exceptional 15,400 square foot lot, this beautifully maintained single-level residence offers a way of life that is genuinely difficult to replicate, private, verdant, endlessly outdoor, and quietly exceptional. The single-level floor plan opens with effortless ease, flowing from a French-style gourmet kitchen with charming retro appliances through generous dining and living areas anchored by a fireplace, and out to expansive rear decks overlooking the rolling golden hills of Tiburon. Three bedrooms include two en-suite retreats, one with its own fireplace, served by three full bathrooms. The outdoor sequence is where 203 Reed becomes truly special. A sparkling in-ground pool and hot tub anchor the sun-drenched rear yard, sheltered and ready for year-round enjoyment. Terraced gardens rise beyond, revealing the home's most private gift, a vast, beautifully landscaped secret garden hidden from street and neighbors alike, flowering and lush in every season. A charming gazebo completes this green sanctuary, offering a serene perch from which to take in the surrounding landscape. A separate studio guest cottage with full bathroom adds rare flexibility ideal as a home office, creative studio, guest suite, or income-producing rental. Three-car plus additional off-street parking rounds out a thoroughly practical profile. Strawberry Village shops and dining are a short stroll away, with top-rated Mill Valley schools, community tennis and aquatics, and easy Highway 101 access to San Francisco just ten miles south.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,000 | 2,300 | 33% |
| Lot Size | 15,398 | 10,000 | 74% |
| Price | $2.20M | $2.18M | 51% |
| Price per sq ft | $1.1K | $983 | 69% |
| Built year | 1955 | 1959 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 144 | 2% |
May 12, 2026
$2,200,000
Initial Listing
Nov 23, 2016
$629,000
Public Record
Nov 10, 1998
$639,000
Public Record