263 Camellia Circle, Larkspur, CA 94939, Larkspur, 94939 - 2 bed, 2 bath
263 Camellia Circle
Larkspur, CA 94939
Property Price
SUMMARY
Analysis of 263 Camellia Circle, Larkspur, CA 94939 is currently available with a list price of $382,800. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Larkspur Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2014, this property falls within the 10-year threshold for excellent condition. The listing describes the unit as pristine and move-in ready, featuring high ceilings, newer carpets, a newer refrigerator, and a newer water heater. The modern construction standards of the kitchen and bathrooms, combined with the recent updates to key appliances and surfaces, indicate a high level of maintenance with no deferred issues.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Ideally situated in the heart of Larkspur, this property offers exceptional walkability to downtown dining, shopping, and the Mt. Tam Racquet Club, promoting an active and convenient lifestyle.
- Modern Move-In Condition
Built in 2014 and featuring high ceilings, newer appliances, and updated carpets, this pristine one-level condo provides a contemporary, light-filled living space that is ready for immediate occupancy.
- Excellent Community Amenities
The Terraces offers a robust suite of amenities including a clubhouse, bocce ball court, and BBQ area, complemented by the rare convenience of a private garage and separate storage room.
CONSRISKS & DEFICIENCIES
- Restrictive Eligibility Requirements
The property is subject to strict deed restrictions including a 55+ age requirement, specific income caps, and a mandate for first-time buyers, which significantly limits the pool of potential purchasers.
- High Monthly Carrying Costs
The association fee of $1,234 per month is relatively high compared to the listing price, which may pose a financial challenge for buyers within the required income brackets.
About 263 Camellia Circle
A grand opportunity at The Terraces, a 55+ community ideally located in the heart of Larkspur. This pristine 1-level condo (with elevator access) has 1181 sq ft, two bedrooms, two full baths, inside laundry and superb high ceilings to let in all its natural light through the many windows. With newer refrigerator, water heater and carpets, it's a move-right-in moment. Sup on your beautiful covered balcony overlooking nature. Enjoy The Terrace's club house, community BBQ area, charming outdoor seating areas and bocce ball court. Situated very near the Mt. Tam Racquet Club for your indoor fitness and Larkspur's public paths for your outdoor workouts. Stroll to idyllic downtown Larkspur for dining, shopping and taking in a film. Private garage and separate storage room, too. Per recorded deed restriction, buyer's gross annual income cannot exceed: $156,000/yr for 1-person household; $178,300/yr 2-pers; $200,550/yr 3-pers; $222,850/yr 4-pers. Must be owner-occupied by first-time buyers (or those who have not owned property within the last three years).
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2014
- Lot Size
- 1,185 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1234 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 60% |
| Square foot | 1,181 | 944 | 60% |
| Lot Size | 1,185 | 945 | 80% |
| Price | $382.8K | $620.0K | 20% |
| Price per sq ft | $324 | $669 | 20% |
| Built year | 2014 | 1973 | 80% |
| HOA | $1234 | $930 | 80% |
| Days on market | 3 | 86 | 20% |
Pricing History
Listed for Sale
Mar 4, 2026
$382,800
Initial Listing
Sold
Mar 16, 2015
$225,500
Public Record