50 Porto Bello Drive, OUT OF AREA, CA 94901, OUT OF AREA, 94901 - 2 bed, 2 bath
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OUT OF AREA, CA 94901
This Waterfront Condominium represents a High-Potential Investment Opportunity, listed at $799,000—positioned well above the $708,502 Fair Market Value by -12%. While the property features a Condition Rating of 4 with recent cosmetic upgrades, the dated kitchen and baths offer a clear path for value-add renovations. Residents enjoy a premium lifestyle with panoramic waterfront views, a private dock, and a pool. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a waterfront lifestyle with modernization potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 50 Porto Bello Drive Subject | $799,000* List Price | 2 | 2 | 1,228 | $577 | - |
A 4 Point San Pedro Road #4 Active | $575,000 List Price | 2 | 2 | 1,250 | $460 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features 'recent upgrades' such as fresh paint and brand new flooring, the kitchen and bathrooms remain significantly dated. The kitchen contains older white appliances, including an electric coil cooktop and dated cabinetry, while the bathroom fixtures and tile work appear to be over 20 years old. Built in 1963, the home is move-in ready but requires modernization of its primary systems and wet areas to meet higher condition ratings.
The property offers a premium waterfront living experience with expansive views and direct water access via a private community dock and pool.
The home features significant recent improvements, including brand-new flooring, fresh paint, and newer windows, ensuring a move-in-ready condition for the buyer.
The rare single-level floor plan with vaulted ceilings and indoor laundry provides excellent accessibility and a spacious, airy atmosphere often sought after in this market.
The monthly HOA fee of $937 is substantial and may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1963, the property and complex may face long-term maintenance requirements or potential assessments common with older developments.
Enjoy tranquil waterfront living in this beautiful single-level condo in San Rafael. Featuring expansive views with recent upgrades throughout, this homes offers comfort, style, and convenience. A spacious living room with vaulted ceilings and a cozy fireplace, a separate dining room, fresh new paint, brand new flooring, a generous primary suite with a private patio, second bedroom for guest or a home office, newer windows with blinds, indoor laundry, 1 car garage. Ideally located near shopping, dining, and schools. HOA has a pool and a private dock for water access.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,228 | 1,032 | 71% |
| Lot Size | - | 1,651 | 14% |
| Price | $799.0K | $362.0K | 71% |
| Price per sq ft | $651 | $442 | 71% |
| Built year | 1963 | 1963 | 50% |
| HOA | $937 | $632 | 71% |
| Days on market | 95 | 129 | 43% |
May 28, 2026
$799,000
$840,000
-5% Price Drop
Initial Listing
May 3, 2026
$840,000
$850,000
-1% Price Drop
Initial Listing
Mar 3, 2026
$850,000
Initial Listing
Jul 11, 2008
$542,000
Public Record