45 Bahama Reef, Novato, CA 94949, Novato, 94949 - 3 bed, 2 bath
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Novato, CA 94949
This Premium Waterfront Sanctuary is listed at $1,575,000, representing a high-quality asset in the coveted Bel Marin Keys. Positioned as a premium residence relative to its $1,467,073 Fair Market Value, the home boasts a Well-Maintained Condition Rating with significant interior updates. The single-level layout captures expansive waterfront views and features a sheltered back deck for year-round enjoyment. Served by Hamilton Meadow Park and Novato High School, this property offers a resort-style lifestyle with direct access to boating and fishing. It is a premier choice for Lifestyle-Driven Buyers or Boating Enthusiasts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45 Bahama Reef Subject | $1,575,000* List Price | 3 | 2 | 1,625 | $903 | - |
A 1153 Bel Marin Keys Boulevard Sold | $1,454,000 List Price | 3 | 3 | 2,113 | 0.2 mi | |
B 20 Montego Key Sold | $1,549,000 | 4 | 3 | 1,952 | $794 | 0.8 mi |
C 86 Calypso Shores Sold | $1,395,000 List Price | 4 | 2 | 1,939 | 0.4 mi | |
D 196 Caribe Isle Sold | $1,600,000 | 3 | 2 | 2,050 | $780 | 0.5 mi |
E 228 Montego Key Sold | $1,595,000 | 4 | 3 | 1,906 | $837 | 0.7 mi |
F 45 Del Oro Lagoon Drive Pending | $1,595,000 List Price | 3 | 2 | 1,936 | $824 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1977 (47 years old), the description 'beautifully appointed' and 'open, light-filled floor plan' suggests the interior has undergone significant renovations within the last 5-15 years. The property is presented as move-in ready with a focus on resort-style living, justifying a well-maintained status despite its original build date.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10620, living area = 1625.
Situated on a highly sought-after street in Bel Marin Keys, the property offers a resort-style lifestyle with direct access to boating, swimming, and fishing.
The home features a rare sheltered back deck protected from the wind and a desirable exposure that captures expansive water views and sunrises.
The assigned middle school has a relatively low rating of 4, which may be a concern for families prioritizing high-performance educational scores.
Built in 1977, the home may require more intensive maintenance or updates to its core systems compared to newer waterfront constructions.
Glorious Bel Marin Keys! This beautifully appointed water-front single level home is ideally situated on one of the most sought-after streets in the Keys. The sheltered back deck offers a peaceful retreat, protected from the wind - perfect for year-round enjoyment. An open, light-filled floor plan paired with a desirable exposure captures breathtaking, expansive water views and unforgettable sunrises, creating a truly serene waterfront lifestyle. This one-of-a-kind community offers resort-like living with amenities including boating, swimming, water skiing, fishing, etc. along with a community clubhouse that hosts a variety of social events.
No exterior & parking available.
Grades K-8 • 2.2 mi
Grades 9-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 1,625 | 2,263 | 13% |
| Lot Size | 10,620 | 10,354 | 60% |
| Price | $1.57M | $1.50M | 62% |
| Price per sq ft | $969 | $624 | 91% |
| Built year | 1977 | 1972 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 181 | 2% |
Apr 18, 2026
$1,575,000
Initial Listing