260 Highland Avenue, San Rafael, CA 94901, San Rafael, 94901 - 5 bed, 3 bath
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San Rafael, CA 94901
This legacy estate represents a Strong Value Opportunity, listed at $2,400,000—positioned well below the $2,568,064 Fair Market Value by 6%. This valuation gap offers $168,064 in Instant Equity for buyers. Featuring a 4,510 sq. ft. floor plan on a 1.3-acre lot with panoramic bay views, the property holds a Condition Rating of 4, requiring modernization. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to personalize a high-potential estate in a premier San Rafael neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 260 Highland Avenue Subject | $2,195,000* List Price | 5 | 3 | 4,510 | $540 | - |
A 307 Summit Avenue Sold | $2,240,000 | 4 | 4 | 3,960 | $566 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is over 40 years old and largely original. While it features a newer roof (10-12 years) and a recent sewer conversion, the kitchen and bathrooms are significantly dated with 1980s-era tile, fixtures, and carpeted vanity areas. The listing explicitly identifies it as an opportunity to 'modernize' and 'reimagine,' placing it firmly in the dated category requiring updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 59211, living area = 4510.
The property commands a breathtaking and ever-changing vista of the San Francisco Bay, including the Richmond-San Rafael and Bay Bridges, East Bay skyline, and city lights.
Set on a rare 1.3-acre parcel in the exclusive Country Club neighborhood, the 4,510 sq. ft. residence offers significant privacy and expansive living areas with vaulted ceilings.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1980 and marketed as a 'reimagination' opportunity, the home likely requires significant cosmetic and functional updates to align with modern luxury standards.
Given the large square footage and estate-sized grounds, the investment needed to modernize and personalize the property to its full potential will be substantial.
An exceptional canvas for your vision, this legacy estate is set on 1.3 private acres in San Rafael's exclusive Country Club neighborhood. Built in 1980, the 5BD/3BA residence offers approximately 4,510 sq. ft. of living space with breathtaking views spanning the Richmond-San Rafael Bridge, Oakland skyline, rolling hills, sparkling bay waters, and the iconic Bay Lights display on the Bay Bridge. Designed with California contemporary architecture, the multi-level floor plan features bedrooms and a full bath on each level, soaring vaulted ceilings, multiple skylights, a dramatic terracotta-tiled foyer, hardwood floors throughout the main living areas, spacious living and family rooms, a formal dining room, and multiple view decks enhanced with new fire-rated TimberTech Vintage Collection decking. The private primary suite is a peaceful retreat, complete with a fireplace, private view deck, walk-in closet, soaking tub, and separate shower. The lower level offers two additional bedrooms, a full bath, direct deck access, and a large unfinished storage room with excellent potential for expansion, a home gym, wine cellar, or creative workspace. Outside, the gated property offers several usable level areas for recreation or future outdoor living, a brick patio overlooking the bay, and parking for six or more vehicles. Recent improvements include a roof & siding approximately 10 years old and conversion from septic to public sewer. Surrounded by multi-million-dollar estates and conveniently accessed via Summit Road, just minutes from downtown San Rafael, this property presents a rare opportunity to renovate and create a truly exceptional estate. With remarkable views, privacy, generous scale, and good bones, the possibilities are endless in one of Marin County's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 4,510 | - |
| Lot Size | 59,211 | - |
| Price | $2.19M | $1.54M |
| Price per sq ft | $487 | $784 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 57 | 36 |
Jul 10, 2026
$2,195,000
$2,400,000
-9% Price Drop
Initial Listing
May 26, 2026
$2,400,000
Initial Listing