278 Larkspur Plaza Drive, Larkspur, CA 94939, Larkspur, 94939 - 2 bed, 2 bath
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278 Larkspur Plaza Drive
Larkspur, CA 94939
ACTIVE
CONDITION: GOOD
2Beds
2Baths
962Sq Ft
1,102Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$627,046
4% BelowMARKET VALUE
SUMMARY
This Turnkey Creekside Condominium is a Strong Value Opportunity, listed at $599,000—positioned well below the $627,046 Fair Market Value by 4%. This valuation gap offers $28,046 in Instant Equity for the buyer. Featuring an updated kitchen, peaceful water views, and a Condition Rating of 3, this residence offers move-in ready, single-level living near top-rated schools like Redwood High. It is an ideal acquisition for Owner-Occupants seeking a walkable lifestyle or first-time buyers prioritizing location and convenience.
Estimated Market Value
$627,046+$28,046 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Larkspur.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 278 Larkspur Plaza Drive Subject 2 bd · 2 ba · 962 sqft · $652 | $599,000* List Price | 2 | 2 | 962 | $652 | - |
A 529 Larkspur Plaza Drive Sold 2 bd · 2 ba · 925 sqft · $665 · 0.1 mi | $615,000 | 2 | 2 | 925 | $665 | 0.1 mi |
B 318 Larkspur Plaza Drive Active 2 bd · 2 ba · 957 sqft · $480 · 0.0 mi | $459,500 List Price | 2 | 2 | 957 | $480 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1973, the interior has been well-maintained with updated kitchen cabinetry, modern solid-surface countertops, and contemporary flooring throughout. The bathrooms are updated and functional, and the overall condition is move-in ready, consistent with a renovation performed within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated just one block from downtown Larkspur, the property offers exceptional access to acclaimed dining, shopping, and outdoor recreation trails right from the front door.
- Single-Level Water View Living
This rare creekside retreat features a desirable no-stairs floor plan with peaceful water views, providing both accessibility and a serene, private atmosphere.
- Turnkey Interior Updates
The residence boasts an updated kitchen and bathrooms along with generous storage, offering a modern aesthetic and immediate move-in readiness.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The association fee is significant at $1,006 per month, which may impact overall affordability and buyer interest despite including flood insurance and amenities.
- Compact Living Space
With only 962 square feet of living area, the interior may feel somewhat constrained for a two-bedroom, two-bathroom configuration.
About 278 Larkspur Plaza Drive
This desirable 2-bedroom, 2-bath residence offers peaceful water views, wonderful natural light, and the ease of single-level living with no interior stairs. A rare creekside retreat just one block from downtown Larkspur. Tucked into a quiet, private setting at the water's edge, the home feels remarkably removed while being moments from Larkspur's acclaimed restaurants, cafes, and shops. The updated kitchen and baths complement a comfortable, easy-living floor plan with generous closet and storage space. Directly across from the bike path and close to some of Marin's best hiking and biking trails, the location makes it easy to enjoy an active outdoor lifestyle right from your front door. Community amenities include a pool, spa, sauna, and exercise room. Convenient for commuting and ideally positioned to enjoy Larkspur's wonderful climate. A unique combination of privacy, water views, walkability, outdoor recreation, and easy one-level living in the heart of Larkspur. The last 2br/2ba on the water sold for $770,000 5/29/26, 613 LPD. Flood Ins is included in HOA dues. Parking space: 99, Private storage unit: 105
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- 1,102 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1006 / Month
Neighborhood Insights
Larkspur Unified Schools
Neil Cummins Elementary School
Grades K-5 • 1.1 mi
8/10
Hall Middle School
Grades 6-8 • 0.5 mi
7/10
Redwood High School
Grades 9-12 • 0.2 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 962 | 1,266.333 |
| Lot Size | 1,102 | 1,597.333 |
| Price | $599.0K | $1.47M |
| Price per sq ft | $623 | $1.1K |
| Built year | 1973 | 2000 |
| HOA | $1006 | $1.1K |
| Days on market | 10 | 33 |
Pricing History
Listed for Sale
Oct 14, 2026
$599,000
Initial Listing