
Oakland, California 94611
This Luxurious Renovated Estate is a Strong Value Opportunity, listed at $3,495,000—positioned well below the $3,820,065 Fair Market Value by 8%. This valuation gap provides $325,065 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating following a high-end renovation, the home features a modern chef’s kitchen, panoramic Bay views, and a premier outdoor kitchen and bar. Located near top-rated schools and Montclair Village, it perfectly balances lifestyle luxury with significant financial upside. This is an elite acquisition for Luxury Home Seekers or Owner-Occupants looking to build immediate wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 Pershing Dr Subject | $3,495,000* List Price | 4 | 3 | 3,145 | $1,215 | - |
A 44 La Salle Ave. Sold | $3,700,000 | 4 | 3 | 2,860 | $1,294 | 0.5 mi |
B 535 Hampton Rd Sold | $2,965,000 | 4 | 3 | 2,530 | $1,172 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1950s home has undergone a comprehensive, high-end renovation within the last year, as evidenced by the significant price increase since its 2025 sale. The property features a modern chef's kitchen with premium cabinetry, spa-like bathrooms, new herringbone and wide-plank hardwood flooring, and updated recessed lighting throughout. The exterior and systems have been modernized, including the addition of a luxury outdoor kitchen and folding glass doors, meeting the highest current market standards with no deferred maintenance.
Situated on the desirable Piedmont side of Oakland, the home offers stunning panoramic views of the Bay, bridges, and city lights, significantly enhancing its prestige and market value.
The property features a rare level backyard complete with a full outdoor kitchen, bar, and gas fireplace, providing a seamless indoor-outdoor flow ideal for high-end entertaining.
Spanning over 3,100 square feet, the layout includes a dedicated office, a luxurious primary retreat, and a large basement suitable for a wine cellar or workshop, offering excellent functional flexibility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3145, other record living area = 3026. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property was recently sold within the past year on 2025-07-09. The sold price is $1,865,000.00.
Built in 1950, the property may require specialized maintenance or updates to its original core systems to align with the expectations of modern luxury buyers.
This exceptional home just feels good! Luxurious and welcoming, it engenders a sense of comfort and well-being – exactly what you want in a home. The spacious living & dining rooms feature beautiful bay views, while the gorgeous kitchen and cozy family room connect wonderfully with the level backyard. It is a home designed for everyday ease and enjoyment, while also providing a perfect setting for both formal and informal entertaining. The dramatic foyer, with herringbone floors and a large picture window to the backyard, divides the main living spaces from the bedroom wing. At the end of the hall you'l find the primary suite – a true retreat with ample room for restorative relaxation, along w/ two closets & a spa-like en-suite bath. Two more bedrooms, an attractive hall bath, and generously-sized laundry room round out this portion of the home. A dedicated office overlooks the yard and offers a space set apart from the main living areas. The patio and backyard beckon, featuring an outdoor kitchen & bar, and space for outdoor dining or gathering around the outdoor gas fireplace. The gated driveway leads to a two-car garage as well as a large basement available as a workshop, storage space, or wine cellar. Back inside, you'll find a guest bedroom tucked behind the kitchen, which can of course serve myriad other uses. Located in a lovely neighborhood with serene appeal while also offering close proximity to Montclair Village shops, parks & library, excellent public & private schools, Transbay Express routes, and convenient highway access. Also nearby are Glenview, Rockridge, and Elmwood amenities, Claremont Hotel & Resort, Claremont Country Club, and so much more. All told, this home truly presents an extraordinary opportunity. Please accept our invitation to come experience it for yourself!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,145 | 2,378 | 76% |
| Lot Size | 12,099 | 7,300 | 82% |
| Price | $3.50M | $1.46M | 90% |
| Price per sq ft | $1.1K | $716 | 86% |
| Built year | 1950 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 129 | 1% |
Apr 16, 2026
$3,495,000
Initial Listing
Jul 9, 2025
$1,865,000
Public Record