
Alameda, California 94501
This Architectural Waterfront Residence is a High-Potential Investment Opportunity, listed at $995,000—positioned well below the $1,016,098 Fair Market Value by 2%. This valuation gap offers $21,098 in Instant Equity for the buyer. Featuring a High-Quality Renovation and an Excellent Condition Rating, the home boasts Panoramic Waterfront Views, a private deck, and a unique bonus loft. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, design-forward lifestyle on the San Francisco Bay.
Property is new construction or fully renovated.
While originally built in 1972, the property has undergone significant recent renovations. The kitchen features modern white shaker cabinetry, quartz countertops, and stainless steel appliances, and the description notes a remodeled bathroom. With gleaming floors and mint interior condition, the home meets the criteria for a high-quality renovation within the last 5 years.
As a corner residence in Ballena Bay, the property offers sweeping, unobstructed views of the San Francisco Bay, the marina, and the city skyline from multiple levels.
Designed by award-winning architects Fisher-Friedman and featured in Sunset Magazine, the home features striking mid-century design elements, including soaring ceilings and a unique bonus loft.
With over 2,100 square feet of living space, the floor plan provides excellent separation of space with a private primary suite and a separate lower-level wing for guests or family.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The association fee of $669 per month is a significant recurring cost that may impact the overall affordability and budget for some prospective buyers.
Built in 1971, the property may require updates to original systems or structural components to meet modern energy efficiency standards, despite some interior remodeling.
Wake up to the water in this light-filled, three-bedroom, two-and-a-half-bath corner residence overlooking the marina, San Francisco Bay, and the Peninsula. Designed by award-winning architects Fisher-Friedman and featured in Sunset in 1972, the home pairs striking architecture with easy bayside living. The airy living room features soaring ceilings, gleaming floors, and a gas fireplace, with an adjoining dining room. The kitchen offers an eat-in nook, quartz countertops and access to a view deck. Upstairs, the private primary suite includes a walk in closet, incredible views and a bonus loft ideal for a home office or retreat. Two additional bedrooms and one remodeled bathroom on the lower level open to a private patio, with a separate laundry area and storage room nearby. Enjoy sunsets from the balcony, watch for wildlife along the water, and take in the ever-changing marina views. Secure garage parking, a community pool, and peaceful landscaped grounds, all in a setting at the water’s edge.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.1 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,139 | 1,353.929 |
| Lot Size | 100,188 | 35,067.393 |
| Price | $995.0K | $744.1K |
| Price per sq ft | $465 | $545 |
| Built year | 1971 | 1994 |
| HOA | $669.0 | $592 |
| Days on market | 6 | 49 |
Oct 18, 2026
$995,000
Initial Listing
Apr 2, 2024
$1,230,000
Public Record
Dec 2, 2019
$950,000
Public Record