
Discovery Bay, California 94505
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $699,000—positioned well below the $640,076 Fair Market Value by 9%. While the home maintains a Fair Condition Rating due to original early-2000s finishes, its substantial 2,564 sqft layout and proximity to Timber Point Elementary offer significant long-term potential. The property features a functional Patio and sits within the desirable Lake Shore community. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2533 Crescent Way Subject 3 bd · 3 ba · 2,564 sqft · $250 | $699,000* List Price | 3 | 3 | 2,564 | $250 | - |
A 2466 Yosemite Way Sold 4 bd · 3 ba · 2,613 sqft · $260 · 0.1 mi | $680,000 | 4 | 3 | 2,613 | $260 | 0.1 mi |
B 2350 Winchester Loop Sold 4 bd · 3 ba · 2,913 sqft · $275 · 0.1 mi | $800,000 | 4 | 3 | 2,913 | $275 | 0.1 mi |
C 1525 Coleridge Way Sold 4 bd · 3 ba · 2,704 sqft · $276 · 0.5 mi | $745,000 | 4 | 3 | 2,704 | $276 | 0.5 mi |
D 5539 Arcadia Cir Sold 5 bd · 4 ba · 3,333 sqft · $219 · 0.5 mi | $730,000 | 5 | 4 | 3,333 | $219 | 0.5 mi |
E 6372 Crystal Springs Cir Sold 5 bd · 3 ba · 3,092 sqft · $239 · 0.6 mi | $740,000 | 5 | 3 | 3,092 | $239 | 0.6 mi |
F 5141 Fern Ridge Cir Sold 5 bd · 4 ba · 3,333 sqft · $203 · 0.7 mi | $675,000 | 5 | 4 | 3,333 | $203 | 0.7 mi |
G 2652 Crescent Way Active Under Contract 4 bd · 3 ba · 2,698 sqft · $255 · 0.1 mi | $689,000 List Price | 4 | 3 | 2,698 | $255 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, the property is approximately 24 years old, which places it in the 'Fair' category according to the criteria. While the home appears exceptionally well-maintained and move-in ready, the kitchen and bathrooms feature original early-2000s finishes (such as the tile work and cabinetry) that are now dated and would require cosmetic updates to meet modern 'Excellent' or 'Good' standards.
Situated in the sought-after Lakeshore subdivision of Discovery Bay, the property offers a high-quality suburban lifestyle with proximity to waterfront recreation and local amenities.
A recent price reduction from $725,000 to $699,000 enhances the property's value proposition, making it a more attractive option for buyers seeking a large home in this price bracket.
The home is conveniently located just 0.33 miles from Timber Point Elementary School, making it an ideal choice for families with young children.
With 61 days on the market, the property has exceeded the typical turnaround time for the area, which may lead to perceptions of overpricing or underlying issues.
Significant discrepancies between the listing description and the data fields regarding bedroom count and square footage may create confusion and require clarification for serious buyers.
The property located at 2533 Crescent Way in Discovery Bay, California, is a spacious and well-appointed single-family residence situated within the desirable Lake Shore community. Constructed in 2003, this impressive home features 4 bedrooms and 3 bathrooms, offering approximately 3,293 square feet of living space designed for comfort and functionality. The home’s layout is tailored for modern living, providing ample room for family activities and hosting guests. The generous square footage allows for expansive common areas, a well-equipped kitchen, and comfortable private quarters. The residence is situated in a neighborhood known for its suburban appeal, proximity to local amenities, and access to the scenic Discovery Bay area, which is highly sought after by those who enjoy waterfront living and recreational activities. As of recent market data, the property is considered to be off-market. Additionally, for those considering the investment potential or rental market, the estimated monthly rental value for a home of this caliber in Discovery Bay is approximately $3,863. The combination of its construction year, substantial interior space, and prime location in the Lake Shore community makes 2533 Crescent Way a notable residential asset in the Discovery Bay area, reflecting the quality and lifestyle appeal characteristic of this specific development. It remains a key example of the larger, family-oriented homes that define this quiet, attractive neighborhood.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,564 | 2,387.188 |
| Lot Size | 5,600 | 7,213.021 |
| Price | $699.0K | $813.4K |
| Price per sq ft | $273 | $353 |
| Built year | 2002 | 1992 |
| HOA | $0 | $206 |
| Days on market | 72 | 57 |
Oct 13, 2026
$699,000
$725,000
-4% Price Drop
Initial Listing
Aug 13, 2026
$725,000
Initial Listing
Sep 4, 2019
$540,000
Public Record
Apr 25, 2003
$403,000
Public Record