431 Bahia Way, San Rafael, CA 94901, San Rafael, 94901 - 2 bed, 1 bath
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San Rafael, CA 94901
This High-Potential Investment Opportunity is listed at $419,500, positioned above the $325,946 Fair Market Value. While the price reflects a premium, the unit offers a Fair Condition Rating with significant value-add potential through modernization. Featuring a private deck with mountain views and a penthouse layout, this asset provides a unique lifestyle appeal. Despite the modest school ratings, its proximity to major commuter routes and the Bahia Del Rafael community amenities make it a stable choice for Buy-and-Hold Investors or first-time buyers seeking a manageable entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 431 Bahia Way Subject | $419,500* List Price | 2 | 1 | 840 | $388 | - |
A 155 Canal Street 3 Sold | $362,000 | 2 | 2 | 958 | $378 | 0.2 mi |
B 425 Bahia Way Active Under Contract | $415,000 List Price | 2 | 1 | 810 | $512 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1973 (51 years old) and shows significant signs of being dated. While the living areas have newer laminate flooring, the bathroom features aging fixtures, an old vanity, and a dated medicine cabinet. The presence of popcorn ceilings and older lighting throughout indicates that the unit has not undergone a comprehensive renovation in over 20 years. It is functional and move-in ready but requires modernization of the bath, kitchen, and likely older systems to meet current standards.
As a single-level penthouse model with no neighbors on three sides or below, this unit offers a rare level of seclusion and quiet typically unavailable in condominium living.
The property features a large private deck—the only one of its kind in the fourplex—complemented by peaceful mountain views, significantly extending the functional living space.
Ideally positioned near Highway 101 and 580, this home offers a 'commuter’s dream' location with easy access to major employment hubs across the North Bay and East Bay.
The HOA dues of $689 per month are relatively high for an 840-square-foot unit, which may impact the overall affordability and monthly budget for first-time buyers.
The local elementary school is rated a 3/10, which may be a drawback for families prioritizing high-performing school districts for long-term residency.
Great value and absolutely a perfect opportunity for first time buyers or long-term income investment. Welcome to this spacious two bedroom, one bath, single level penthouse model situated on a quiet street with very little traffic. Enjoy the privacy with no one on three sides and no one below. It's one of the most desirable floor plans in the "Bahia Del Rafael "community and the only unit in each fourplex building that provided a large private deck perfect for relaxing and entertaining. The open floor plan is clean, sunny, and bright, featuring laminate flooring throughout the living and dining areas. Peaceful view of mountains from both the deck and bedroom. Attractive and well maintained community opens to a beautiful scene with spacious lawn, trees, community pool, BBQ, and playground area. Additional conveniences included 2-car tandem parking (one covered), extra storage in the carport, and on-site laundry facilities. The HOA dues of $689 include exterior maintenance, professional management, landscaping, pool, playground, hot water, garbage and more making homeownership simple and stress-free. Conveniently located near every desired amenity, including school, park, shops, restaurants, public transportation and Marin Clinic. Enjoy a stroll along the water nearby Bay Point Lagoon & jogging path. Great for easy commute to both Hwy 101 & 580 make this commuter's dream! Don't miss your chance to own this wonderful unit!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 840 | 958 | 43% |
| Lot Size | 1,899 | 1,651 | 57% |
| Price | $419.5K | $362.0K | 57% |
| Price per sq ft | $499 | $442 | 57% |
| Built year | 1973 | 1963 | 86% |
| HOA | $689 | $632 | 57% |
| Days on market | 19 | 129 | 14% |
May 18, 2026
$419,500
Initial Listing
May 17, 2024
$380,000
Public Record
Dec 17, 2021
$360,000
Public Record
Aug 6, 2008
$189,500
Public Record
Dec 1, 2006
$360,000
Public Record