481 Cascade Drive, Mill Valley, CA 94941, Mill Valley, 94941 - 4 bed, 4 bath
481 Cascade Drive
Mill Valley, CA 94941
Property Price
SUMMARY
Analysis of 481 Cascade Drive, Mill Valley, CA 94941 reveals a Prime Investment Opportunity with a current list price of $1,995,000—significantly undercutting the $2,207,560 Fair Market Value by 9%. This valuation gap indicates a +$212,560 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mill Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 481 Cascade Drive Subject | $1,995,000* List Price | 4 | 4 | 2,325 | $949 | - |
A 2 Marsh Drive Sold | $2,310,000 | 4 | 3 | 2,512 | $920 | 0.9 mi |
B 20 Palm Way Sold | $2,582,000 | 4 | 3 | 2,871 | $899 | 1.0 mi |
C 4 Wainwright Place Sold | $1,770,000 | 4 | 3 | 2,350 | $753 | 0.4 mi |
D 269 Corte Madera Avenue Sold | $2,100,000 | 4 | 4 | 2,200 | $955 | 0.9 mi |
E 580 Ralston Avenue Active | $2,195,000 List Price | 4 | 3 | 2,504 | $877 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is described as a fully remodeled, turnkey redwood retreat with high-end finishes throughout. Despite its 1979 build date, the home has undergone extensive recent renovations to the kitchen, bathrooms, and living areas, featuring modern aesthetics, expansive windows, and premium additions like a rooftop deck, meeting the highest standards for move-in readiness with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14993, living area = 2325.
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Prime Location and Accessibility
Situated on the coveted Lovell Loop, this property offers a rare blend of secluded privacy and convenient walkability to downtown Mill Valley, with direct backyard access to the Tenderfoot and Cascade Falls trails.
CONSRISKS & DEFICIENCIES
- Limited Natural Light
The dense redwood canopy and canyon setting, while providing privacy, may significantly restrict direct sunlight into the home, potentially creating a darker interior environment.
- Challenging Topography
Typical of Mill Valley hillside properties, the steep terrain may involve numerous stairs for access and likely limits the amount of usable flat yard space despite the large lot size.
About 481 Cascade Drive
A fully remodeled 4BD/3.5BA redwood retreat on Mill Valley's coveted Lovell Loop. Surrounded by towering trees and the soothing sounds of Cascade Creek, this home offers total privacy with an easy walk to downtown Mill Valley. Enjoy expansive windows with forest views, a dedicated office, an en suite guest room, and a stunning primary suite wrapped in windowstreehouse vibes in the best way. Multiple outdoor entertaining areas and a rooftop deck in the canopy complete the experience. Plus, direct access to Tenderfoot Trail & Cascade Falls Trail right from the property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 14,993 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mill Valley Unified Schools
Old Mill Elementary School
Grades K-5 • 0.9 mi
Park Elementary School
Grades PK-5 • 0.9 mi
Edna Maguire Elementary School
Grades K-5 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 76% |
| Square foot | 2,325 | 2,196 | 58% |
| Lot Size | 14,993 | 8,359 | 81% |
| Price | $2.00M | $2.10M | 43% |
| Price per sq ft | $858 | $1.0K | 24% |
| Built year | 1979 | 1959 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 172 | 1% |
Pricing History
Listed for Sale
Feb 24, 2026
$1,995,000
Initial Listing
Sold
Jun 26, 2020
$1,720,000
Public Record
Sold
Jun 17, 2014
$1,150,000
Public Record