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4980 Paradise Drive, Tiburon, CA 94920, Tiburon, 94920 - 4 bed, 2 bath

4980 Paradise Drive, Tiburon, CA 94920 home-pic-0
ACTIVE$4,495,000$3,165/sqft
4980 Paradise Drive, Tiburon, CA 94920
4Beds
2Baths
3,165Sqft
41,100Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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 = 41100, living area = 3165.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =41100, other record lot size in square feet = 22100.

Compared to the nearby listings

Price:$4.50M vs avg $3.62M (+$870,000)65%
Size:3,165 sqft vs avg 2,621.5 sqft56%
Price/sqft:$1.4K vs avg $1.3K69%

More Insights

Built in 1947 (79 years old).
Condition: Built in 1947, the property's interior, including the kitchen and bathrooms, is extremely dated with components and styles that appear to be 30-50+ years old. The kitchen features blue tiled countertops and outdated cabinetry, while bathrooms have old fixtures and tiling. Carpets are worn and stained, and the basement is unfinished with exposed, messy utilities, indicating significant system overhauls are needed. The listing itself emphasizes the 'development opportunity to build 2 homes' and suggests the 'existing structure may not be the primary draw,' strongly implying the property's value is based solely on the land and its potential for redevelopment, aligning with 'tear-down' criteria.
Year Built
1947
Close
-
List price
$4.5M
Original List price
-
Price/Sqft
$1,420
HOA
$0
Days on market
-
Sold On
-
MLS number
ML82014161
Home ConditionTear down
Features
Excellent View:
Deck
Pool
View-

About this home

PANORAMIC, AMAZING VIEWS OF THE BAY! DEVELOPMENT OPPORTUNITY TO BUILD 2 HOMES!! Nestled in the prestigious Tiburon, this 3,165 sqft residence offers an unparalleled blend of serenity & opportunity. An expansive 41,100 sqft lot, this property boasts breathtaking panoramic views of the San Francisco Bay & the iconic beauty of Marin County. The home features 4 spacious bedrooms, 2.5 baths, & an open-concept living area that seamlessly blends indoor & outdoors comfort. Floor-to-ceiling windows frame mesmerizing bay views, flooding the home with natural light. The primary suite with direct access to the grounds. Enjoy exclusive water access from your own beach. This separate parcel provides unrestricted use of the bay and is included. What sets this property apart is its extraordinary development potential & can be subdivided, allowing for the construction of two distinct homes, each with access to separate roads. This rare opportunity is an ideal investment for developers, or those seeking to create a custom compound in one of Tiburon's most coveted locations. Surrounded by lush greenery & just minutes from downtown, top-rated schools, & world-class recreational opportunities, this property offers the best of coastal living with easy access to San Francisco.

R
Rhian Alfred-kleinmaier
Listing Agent
Condition Rating
Tear down
Built in 1947, the property's interior, including the kitchen and bathrooms, is extremely dated with components and styles that appear to be 30-50+ years old. The kitchen features blue tiled countertops and outdated cabinetry, while bathrooms have old fixtures and tiling. Carpets are worn and stained, and the basement is unfinished with exposed, messy utilities, indicating significant system overhauls are needed. The listing itself emphasizes the 'development opportunity to build 2 homes' and suggests the 'existing structure may not be the primary draw,' strongly implying the property's value is based solely on the land and its potential for redevelopment, aligning with 'tear-down' criteria.
Pros & Cons

Pros

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 = 41100, living area = 3165.
Panoramic Bay Views: The property offers breathtaking panoramic views of the San Francisco Bay and Marin County, enhanced by floor-to-ceiling windows that flood the home with natural light.
Exceptional Development Potential: An extraordinary opportunity to subdivide the expansive lot and build two distinct homes, each with separate road access, making it ideal for developers or a custom compound.
Exclusive Water Access: Includes a separate parcel providing private, unrestricted water access to the bay from your own beach, a rare and highly desirable amenity.
Prestigious Tiburon Location: Nestled in one of Tiburon's most coveted locations, offering proximity to downtown, top-rated schools, world-class recreation, and easy access to San Francisco.
Expansive Lot Size: The generous 41,100 sqft lot provides ample space, privacy, and supports the significant development potential of the property.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =41100, other record lot size in square feet = 22100.
Age of Existing Structure: Built in 1947, the current residence may require significant modernization, updates, or a complete rebuild to align with contemporary luxury standards and maximize the property's value.
High Entry Price Point: The list price of $4.495 million represents a substantial financial investment, which will limit the potential buyer pool to a very specific high-net-worth demographic.
Implied Additional Investment: While offering development potential, the strong emphasis on building new homes suggests that the existing structure may not be the primary draw, implying significant additional costs for renovation or new construction beyond the purchase price.
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