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 | $2,400,000* List Price | 5 | 3 | 4,510 | $569 | - |
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.
A rare opportunity to reimagine a legacy estate. Set on a commanding 1.3 acre parcel in San Rafael's exclusive Country Club neighborhood, this 5BD/3BA, 4,510 sq. ft. estate, built in 1980, frames an ever-changing canvas of water, bridges, rolling hills, and city lights stretching from the Richmond-San Rafael Bridge and East Bay skyline to the iconic Bay Bridge and its sparkling Bay Lights display. Designed with California contemporary architecture, the tri-level floor plan features 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, multiple view decks with new fire-rated TimberTech Vintage Collection decking, and bedrooms & full bath on each level. The private primary suite offers a fireplace, private view deck, walk-in closet, soaking tub, and separate shower. The lower level includes two additional bedrooms, a full bathroom, deck access, and a large unfinished storage room with potential for future customization. Outdoor features include a gated entry, several usable level areas for recreation or expanded outdoor living, a brick patio overlooking the bay, and parking for six or more vehicles. Additional improvements include a roof approximately 10-12 years old and recent conversion from septic to public sewer. Surrounded by multi-million-dollar estates and offering convenient access via Summit Road, just minutes from downtown San Rafael. With exceptional views, privacy, and strong bones, this property presents an outstanding opportunity to modernize and personalize an estate-quality home in one of Marin's most desirable 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 4,510 | 2,197.5 | 94% |
| Lot Size | 59,211 | 8,437.5 | 97% |
| Price | $2.40M | $1.41M | 87% |
| Price per sq ft | $532 | $648 | 24% |
| Built year | 1980 | 1955 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 188 | 1% |
May 26, 2026
$2,400,000
Initial Listing