
San Mateo, California 94404
This Waterfront Single Family Residence is a Strong Value Opportunity, listed at $2,199,000—positioned well below the $2,131,518 Fair Market Value by -3%. Featuring a Condition Rating of 3, the home offers a modern kitchen and panoramic lagoon views. Residents enjoy resort-style amenities, including pools and pickleball courts, with low association dues. While the lot is compact, the lifestyle benefits and proximity to bay trails provide significant appeal. This property is an ideal acquisition for Owner-Occupants seeking a scenic sanctuary or lifestyle-focused buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 444 Fathom Drive Subject 4 bd · 3 ba · 2,250 sqft · $947 | $2,199,000* List Price | 4 | 3 | 2,250 | $947 | - |
A 1259 Shoal Drive Sold 3 bd · 3 ba · 1,640 sqft · $1,152 · 0.4 mi | $1,888,888 | 3 | 3 | 1,640 | $1,152 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1968, the home features a well-maintained and updated interior. It includes a modern open-concept kitchen, updated bathrooms with contemporary vanities, and newer flooring throughout, making it fully functional and move-in ready.
This property offers a rare waterfront living experience with direct access to a saltwater lagoon for water skiing, paddle boarding, and canoeing right from the backyard.
Residents benefit from extensive facilities including two pools, hot tubs, and pickleball courts, all maintained with remarkably low association dues of $195 per month.
The home features a large modern kitchen and a primary suite designed to maximize stunning bay views, providing a contemporary and scenic living environment.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2662, living area = 2250.
The lot size of 2,662 square feet is quite small for a 2,250 square foot home, resulting in limited private outdoor yard space for gardening or play.
Spectacular living in this water front home in San Mateo, where you are very near a salt water lagoon that allows you to water ski, paddle board, or canoe right out the back door. Two-story home with a game room that has arcade games, TV, and pool table. Large modern kitchen opens up to the dining and living room that is bathed in sunlight all day and absolutely has the most magnificent sunset. Now its upstairs to 4 bedrooms and another bathroom. Walk down the hall to a large primary bedroom with spacious bathroom that overlooks the bay area; this is a magnificent room that one never wants to leave. Two large pools, two hot tubs, exercise room, pickleball court, and shuffleboard all for you to enjoy with super small dues, almost unbelievable in the bay area. Neighborhood is quiet, safe, and peaceful. The bay trails are right across the street. Then you will love this place.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,250 | 1,743.298 |
| Lot Size | 2,662 | 6,079.649 |
| Price | $2.20M | $2.26M |
| Price per sq ft | $977 | $1.4K |
| Built year | 1968 | 1952 |
| HOA | $195.0 | $387 |
| Days on market | 128 | 33 |
Aug 17, 2026
$2,199,000
$2,275,000
-3% Price Drop
Initial Listing
Jun 18, 2026
$2,275,000
Initial Listing
Sep 22, 2020
$1,520,000
Public Record