
Alameda, California 94501
This Waterfront Townhome-Style Condo represents a High-Potential Investment Opportunity, listed at $1,099,000—positioned above the $956,903 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a well-maintained residence with significant upside through cosmetic updates. The unique three-level layout, featuring a flexible lower-level studio and panoramic marina views, offers rare versatility. Located in the desirable Marina Village with access to Alameda City Unified schools, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a waterfront lifestyle project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27 Courageous Ct # F62 Subject 2 bd · 4 ba · 1,608 sqft · $595 | $1,099,000* List Price | 2 | 4 | 1,608 | $595 | - |
A 987 Independence Dr Sold 2 bd · 2 ba · 1,443 sqft · $589 · 0.1 mi | $850,000 | 2 | 2 | 1,443 | $589 | 0.1 mi |
B 3009 Triumph Dr Sold 2 bd · 2 ba · 1,209 sqft · $682 · 0.2 mi | $825,000 | 2 | 2 | 1,209 | $682 | 0.2 mi |
C 9 Regulus Ct Pending 2 bd · 2 ba · 1,330 sqft · $714 · 0.1 mi | $949,000 List Price | 2 | 2 | 1,330 | $714 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is over 20 years old and features a dated kitchen with original white-and-oak cabinetry and laminate countertops. While it is well-maintained with fresh paint, updated flooring, and stainless steel appliances, the core kitchen and bath components reflect their age and will require modernization to meet current market standards.
This residence offers an exceptional waterfront experience with a balcony and patio overlooking the marina and lagoon, providing serene views from almost every level.
The unique three-level layout includes a flexible lower-level studio with a full bathroom, offering rare adaptability for a home office, art studio, or guest suite.
Located in the desirable Marina Village, residents enjoy walking access to a community pool, local shopping, dining, and scenic waterfront paths.
The monthly association fee of $943 is relatively high, which may impact overall affordability and be a significant consideration for budget-conscious buyers.
The townhome-style layout spans three distinct levels, which may pose challenges for individuals with mobility concerns or those preferring a more integrated single-story flow.
Welcome to a townhome-style condo that makes the most of island living. Tucked into the welcoming community of Marina Village, this three-level waterfront residence puts you within easy reach of the water, community pool, shopping, groceries, restaurants, and services—all just a short stroll away. The main floor is where life happens. Step onto the balcony and take in an expansive waterfront panorama, with the marina and lagoon unfolding before you—boats resting in their slips, others sailing across the water, and the light shifting throughout the afternoon. Inside, the kitchen, living, and dining spaces flow together into a generous, light-filled gathering area, with a half bath for guests. It's the kind of layout that works whether you're hosting a crowd or just enjoying a quiet morning with coffee and the view. Upstairs, the two bedrooms each have their own full bath, giving everyone space and privacy. Here, the waterfront feels even more present—imagine waking to the marina and lagoon each morning, or watching the light change across the water as the day winds down. In-unit laundry, fresh paint, and thoughtful upgrades add to the home’s easy, move-in-ready appeal. The lower level adds a whole new dimension to the home. A patio that nearly reaches the lagoon extends the waterfront experience outdoors, creating a special place to relax or create. An extended one-car garage offers room for bikes, gear, and storage, while the full bath and flexible creative studio provide space to work, make art, pursue a hobby, or make it a space for family and friends. Marina Village is one of Alameda's most welcoming communities — neighbors who wave, paths that lead toward the water, and that easy island pace. With a community pool just a short walk away, summer days practically plan themselves. Come see 27 Courageous Court in person and picture your life here. The view, layout, community — it all adds up to something special.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 1.5 mi
Grades 6-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 4.0 | 2.5 |
| Square foot | 1,608 | 1,353.929 |
| Lot Size | 33,105 | 35,067.393 |
| Price | $1.10M | $744.1K |
| Price per sq ft | $683 | $545 |
| Built year | 1986 | 1994 |
| HOA | $943.0 | $592 |
| Days on market | 24 | 49 |
Sep 30, 2026
$1,099,000
Initial Listing
Mar 4, 2014
$700,000
Public Record