
Larkspur, CA 94939
This Waterfront Condominium represents a Strong Value Opportunity, listed at $599,000—positioned well below the $605,600 Fair Market Value by 1%. This valuation gap offers $6,600 in Instant Equity. Featuring a Fair Condition Rating (4/10), the unit offers a private deck with panoramic water views and a flexible layout. While the high HOA fee warrants consideration, the prime location near downtown Larkspur and the community dock provides a unique lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a waterfront retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 Larkspur Plaza Drive 3A Subject 2 bd · 1 ba · 815 sqft · $635 | $575,000* List Price | 2 | 1 | 815 | $635 | - |
A 529 Larkspur Plaza Drive Sold 2 bd · 2 ba · 925 sqft · $665 · 0.0 mi | $615,000 | 2 | 2 | 925 | $665 | 0.0 mi |
B 505 Larkspur Plaza Drive #4A Active 2 bd · 1 ba · 815 sqft · $828 · 0.0 mi | $675,000 List Price | 2 | 1 | 815 | $828 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the property is dated and shows its age. While the kitchen has received partial updates including stainless steel appliances and newer countertops, the bathroom remains largely original with dated fixtures and vanity. The presence of popcorn ceilings and older interior doors suggests the unit has not had a comprehensive renovation in over 20 years.
The property offers direct access to Corte Madera Creek with a community dock for kayaking and paddleboarding, complemented by serene water and hillside views from a private deck.
Ideally situated near Magnolia Avenue and downtown Larkspur, providing excellent proximity to local dining, shopping, bike paths, and convenient freeway access for commuters.
The well-designed floor plan maximizes its footprint with abundant natural light and flexible space suitable for a home office or workout area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee of $940 per month is significantly high for a two-bedroom condo of this size, which may impact buyer affordability and overall investment yield.
The unit features only one bathroom and lacks in-unit laundry, relying on shared facilities, which may be a drawback for modern buyers seeking maximum convenience.
Waterfront living in the heart of Larkspur! Wake up to peaceful water and hillside views in this inviting two-bedroom, one-bath waterfront residence overlooking Corte Madera Creek. Set in one of Larkspur's most desirable creekside communities, this light-filled single-level home offers a rare combination of natural beauty, privacy, and effortless access to downtown. The private deck is the star of the homean ideal spot for morning coffee, al fresco dining or unwinding as the sun sets over the hills and water. Inside, abundant natural light and an easy, flexible floor plan create a comfortable setting for everyday living, with a versatile additional space perfect for a home office, reading area or workout space. Enjoy direct access to the creek and community dock for kayaking, paddleboarding and simply enjoying the changing tides and abundant wildlife. A deeded covered parking space, private storage locker, shared laundry and bike storage add everyday convenience. Just moments from downtown Larkspur's acclaimed restaurants, cafs, boutiques and the Lark Theater, with the bike path and easy freeway access nearby. A rare opportunity to own a peaceful waterfront retreat in the heart of Larkspurwhere nature, walkability and Marin living come together.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 815 | 1,266.333 |
| Lot Size | 1,960 | 1,597.333 |
| Price | $575.0K | $1.47M |
| Price per sq ft | $706 | $1.1K |
| Built year | 1973 | 2000 |
| HOA | $940 | $1.1K |
| Days on market | 72 | 33 |
Sep 23, 2026
$575,000
$599,000
-4% Price Drop
Initial Listing
Aug 13, 2026
$599,000
Initial Listing
Sep 3, 1999
$259,000
Public Record