
Sausalito, CA 94965
This 2-bedroom condominium represents a Strong Value Opportunity, listed at $810,000—positioned well below the $900,219 Fair Market Value by 10%. This valuation gap offers $90,219 in Instant Equity for the buyer. With a Condition Rating of 4, the property is functional yet offers potential for cosmetic updates to drive further appreciation. Featuring an attached garage, private patio, and scenic hillside views, this residence is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into the Southern Marin market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45 Terrace Drive Subject | $810,000* List Price | 2 | 2 | 1,234 | $730 | - |
A 62 Cypress Place Sold | $909,000 | 2 | 2 | 1,122 | $810 | 0.6 mi |
B 51 Cypress Place Active | $850,000 List Price | 2 | 2 | 1,124 | $756 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, the property is approximately 30 years old. While the listing suggests it is functional and well-maintained, there is no mention of recent renovations to the kitchen, bathrooms, or major systems, placing it in the 'dated' category requiring minor updates.
Priced at approximately $656 per sq. ft., this property offers significant value compared to recent nearby 2-bedroom sales, providing an accessible entry point into the Southern Marin market.
The residence boasts excellent proximity to Highway 101, the Golden Gate Bridge, and the Marin Gateway Shopping Center, offering a perfect balance of suburban convenience and easy city access.
With 1,234 sq. ft., two full bathrooms, and an attached garage, the floor plan provides more space and utility than many higher-priced condominiums in the area.
The aggressive pricing strategy is specifically designed to drive high interest, which may lead to a competitive bidding environment and a final sale price above the list.
Its close proximity to major transit routes and a large shopping center may result in increased traffic and ambient noise compared to more secluded residential pockets of Sausalito.
Rare opportunity to own a spacious 2-bedroom, 2-bath condominium in Southern Marin at an exceptionally compelling price. Offering approximately 1,234 sq. ft. of living space, this residence combines a highly functional floor plan, two full bathrooms and the convenience of an attached garagean attractive alternative to smaller and substantially higher-priced Sausalito condominiums. Priced at approximately $656 per sq. ft., the property offers notable value compared with several recent nearby 2-bedroom sales, including 62 Cypress Place at $909,000, 31 West Harbor Drive at $860,000 and 220 Headlands Court at $925,000. This pricing is designed to attract attention and create an accessible entry point into one of Southern Marin's most desirable locations. The location provides an uncommon combination of convenience and lifestyle. Marin Gateway Shopping Center is approximately 0.3 mile away, offering Target, Ross Dress for Less, West Marine, restaurants, services and everyday shopping. Highway 101 is close by for efficient access throughout Marin and toward San Francisco, while the Golden Gate Bridge is only minutes away. Downtown Sausalito's waterfront restaurants, cafs, boutiques, marinas, galleries and ferry service are also within convenient reach. Enjoy proximity to the Bay Model Visitor Center, Richardson Bay, waterfront recreation, cycling routes and the extensive outdoor opportunities of the Marin Headlands and Golden Gate National Recreation Area. Whether purchased as a primary residence, Southern Marin retreat or long-term investment, 45 Terrace Drive presents a compelling combination of space, access and value. 2 bedrooms | 2 bathrooms | Approximately 1,234 sq. ft. | Garage | Offered at $810,000. Buyer to independently verify square footage, parking, HOA information, insurance, assessments, property condition and all material facts.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,234 | - |
| Lot Size | 1,538 | - |
| Price | $810.0K | $934.4K |
| Price per sq ft | $656 | $645 |
| Built year | 1996 | 0 |
| HOA | $391 | $0 |
| Days on market | 12 | 63 |
Jul 10, 2026
$810,000
Initial Listing
Jun 2, 1997
$81,000
Public Record