
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 | $599,000* List Price | 2 | 1 | 815 | $743 | - |
A 505 Larkspur Plaza Drive #4A Active | $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.
Fall in love with this charming waterfront condo in the picturesque town of Larkspur. This beautifully situated two-bedroom, one-bath home offers a wonderful blend of comfortable indoor living and an exceptional connection to the outdoors. From your private deck, enjoy serene water and hillside views, the natural beauty of Corte Madera Creek, rolling hills, and beautiful evening sunsets. The inviting interior features abundant natural light and a flexible space ideal for a home office, workout area, or additional living space. The thoughtful single-level layout offers easy, comfortable living with two bedrooms and a full bath. Ideally located near Magnolia Avenue, downtown Larkspur, the bike path, and with easy freeway access, this home puts the best of Marin within easy reach. Enjoy direct access to Corte Madera Creek, with use of the community dock perfect for kayaking, paddleboarding, and enjoying nature. Additional amenities include a deeded covered parking space, shared laundry facilities with bike storage, and storage locker. A rare opportunity to enjoy a peaceful waterfront setting in one of Marin's most desirable communities. Come experience the beauty, convenience, and relaxed lifestyle of Larkspur living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 1.0 | 2.0 |
| Square foot | 815 | 1,437 |
| Lot Size | 1,960 | 1,346 |
| Price | $599.0K | $1.90M |
| Price per sq ft | $735 | $1.3K |
| Built year | 1973 | 2014 |
| HOA | $940 | $1.3K |
| Days on market | 27 | 26 |
Aug 13, 2026
$599,000
Initial Listing
Sep 3, 1999
$259,000
Public Record