
Novato, CA 94945
This High-Potential Investment Opportunity is listed at $320,000, positioned well above the $302,999 Fair Market Value. While the property carries a Fair Condition Rating due to its 1989 build, it offers a unique, low-maintenance lifestyle with redwood and creekside views, a Japanese-style soaking tub, and community pool/spa access. Despite the $599 HOA fee, the manageable 624 sqft footprint provides an accessible entry point into the Marin market. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a simplified, lock-and-leave residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 Seagull Row Subject | $320,000* List Price | 1 | 1 | 624 | $486 | - |
A 213 Mariner Way Sold | $315,000 | 1 | 1 | 624 | $505 | 0.1 mi |
B 240 Seagull Row Active | $359,000 List Price | 1 | 1 | 624 | $575 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property falls into the 'Fair' category as it is over 20 years old with only recent cosmetic 'refreshes' (paint) rather than a full renovation of kitchens, baths, or systems. While well-maintained and functional, the unit is dated and will eventually require modernization of its original components.
This end-unit offers a rare, affordable entry point into Marin County with serene redwood and creekside views and no neighbors above, providing a private and tranquil atmosphere.
The property supports a resort-style, low-maintenance lifestyle with access to a pool, spa, sauna, fitness room, and clubhouse, all maintained by the association.
Recently refreshed with new paint, the unit includes desirable features like a wood-burning fireplace, a Japanese-style soaking tub, and the convenience of in-unit laundry.
The $599 monthly association fee is significant for a one-bedroom condo, which could be a deterrent for budget-conscious buyers despite the low list price.
At just 624 square feet, the compact layout may feel restrictive for buyers requiring additional storage, a dedicated workspace, or room for guests.
Not everyone is looking for more house. Some are looking for more freedom. Set among the redwoods in Novato's Captain's Landing community, this end-unit offers an opportunity to own in Marin without the maintenance, expense, or commitment of a larger property. Whether you're looking for a first Marin address, a lock-and-leave lifestyle, a convenient North Bay basecamp, or an alternative to rising rents, this home delivers simplicity in all the right ways. Recently refreshed with bright white interior paint and a more streamlined feel, the space is framed by mature redwoods and creekside views. With no unit above, the setting feels private and tucked away despite being just minutes from shopping, dining, Highway 101, and the SMART Train. Inside, you'll find a comfortable layout designed around everyday living rather than excess space. A wood-burning fireplace creates a cozy focal point, the private balcony offers a place to start or end the day among the trees, and the Japanese-style soaking tub provides a welcome place to unwind. In-unit laundry adds convenience, while the manageable footprint makes day-to-day upkeep refreshingly simple. The community amenities further support a low-maintenance lifestyle, including a pool, spa, sauna, fitness room, clubhouse, landscaped grounds, and exterior maintenance through the HOA. For buyers who value experiences over square footage, convenience over chores, and ownership over renting, this home represents a compelling opportunity to establish a foothold in Marin County at an approachable price point. Close to hiking and cycling trails, Sonoma wine country, San Francisco commuting routes, and everyday essentials, this is a home designed for living lightly while staying connected to everything that makes the North Bay special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 624 | - |
| Lot Size | 623 | - |
| Price | $320.0K | $493.4K |
| Price per sq ft | $513 | $487 |
| Built year | 1989 | 0 |
| HOA | $599 | $0 |
| Days on market | 21 | 49 |
Jul 1, 2026
$320,000
Initial Listing
Mar 14, 2018
$325,000
Public Record
Oct 2, 2015
$290,000
Public Record
Nov 23, 2010
$169,000
Public Record
Jun 22, 2007
$310,000
Public Record