
Corte Madera, CA 94925
This Waterfront Value-Add Residence is a Prime Investment Opportunity, listed at $1,450,000—positioned well below the $1,514,063 Fair Market Value by 4%. This valuation gap offers $64,063 in Instant Equity for buyers. While the home holds a Fair Condition Rating due to disclosed foundation repairs and floodplain requirements, the interior features updated kitchen and baths and panoramic Bay views. Situated near 9/10 rated schools like Bel Aire Elementary, this property offers immense long-term upside. It is perfectly suited for Owner-Occupants looking to build wealth or Contractors seeking a high-equity project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 319 Golden Hind Passage Subject | $1,399,000* List Price | 3 | 2 | 1,855 | $804 | - |
A 160 Golden Hind Passage Sold | $1,365,000 | 3 | 2 | 1,622 | $842 | 0.2 mi |
B 17 Sonora Way Sold | $1,250,000 | 4 | 2 | 1,580 | $791 | 0.7 mi |
C 834 Meadowsweet Drive Active | $1,049,000 List Price | 3 | 3 | 1,800 | $583 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features high-quality interior updates, including a modern kitchen with granite countertops and stainless steel appliances, updated bathrooms, and well-maintained oak flooring. While the cosmetic condition is move-in ready, the overall score is categorized as 'fair' due to the home's age (built 1962) and the explicit disclosure of required future foundation repairs and potential elevation for FEMA floodplain compliance, which represent significant structural and systemic maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8751, living area = 1855.
Elementary School: Bel Aire Elementary School (9/10). Middle School: Del Mar Middle School (9/10).
The property boasts some of the most breathtaking, unobstructed views in Mariner Cove, featuring sunrises over the bay, serene wetlands, and direct views of Mt. Tam.
The property requires future foundation repairs, which represents a significant structural project for the next owner to undertake.
Located in a FEMA floodplain, the home may need to be elevated in the future, necessitating substantial additional investment and specialized construction.
Opportunity to enhance and elevate this 3-bedroom, 2-bath, 1885 sf. waterfront gem. This east-facing home is bathed each morning with stunning sunrises that flood the space with natural light and warmth. Enjoy expansive, unobstructed views of the bay and serene, protected wetlands teeming with vibrant birdlife. Many believe this is one of the most breathtaking views in Mariner Cove. Inside, the home features oak floors, an ideal layout with spacious living and family rooms, and updated kitchen and baths. The living room boasts a charming brick fireplace and a bay window that welcomes in the morning light. The formal dining room and family room both offer picturesque views of the backyard and bay. Adjacent to the kitchen, you'll find a cozy breakfast room with straight-on views of Mt. Tam. The primary suite includes a bright, generously sized bathroom with expansive bay views. Additional upgrades include recessed lighting and new heating ducts. Owned by one family for two generations who have really enjoyed the birdlife and natural beauty that paints the view from every room! Just feet away from The Cove School and playground, and minutes from fantastic view trails and the bike path to the Larkspur Ferry, downtown Larkspur, and Redwood and Hall Middle Schools. Just down the road from Marin Montessori, Marin Country Day School, Nugget Market, 5 Points Fitness, The Village Shopping Center, and CM Town Center with The Bay Club and REI.
No exterior & parking available.
Grades 3-5 • 1.3 mi
Grades K-5 • 1.4 mi
Grades K-2 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,855 | 1,780.5 | 62% |
| Lot Size | 8,751 | 6,926.5 | 77% |
| Price | $1.40M | $1.86M | 27% |
| Price per sq ft | $754 | $1.1K | 19% |
| Built year | 1962 | 1958 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 206 | 4% |
Apr 11, 2026
$1,399,000
$1,450,000
-4% Price Drop
Initial Listing
Mar 26, 2026
$1,450,000
Initial Listing