508 Fathom Drive, San Mateo, California 94404, San Mateo, 94404 - 1 bed, 2 bath
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San Mateo, California 94404
Analysis of 508 Fathom Drive, San Mateo, California 94404 is currently available with a list price of $1,098,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Mateo 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.
Property is move-in ready.
The property is move-in ready and well-maintained. While originally built in 1968, the kitchen has been tastefully renovated with modern shaker-style cabinetry, stone countertops, and a contemporary tile backsplash. The bathrooms also feature updated vanities. Although some original elements remain, such as the popcorn ceilings and brick fireplace, the overall interior quality is high with clean carpeting and functional systems, meeting the criteria for a well-maintained, partially updated home.
The property features a prime lagoon-front location with a private deck and serene water views, offering a unique resort-style lifestyle and direct access to community boating.
At only $195 per month, the association fee is remarkably low for the San Mateo area while providing comprehensive amenities including a pool, spa, gym, and clubhouse.
The home offers a rare opportunity to increase equity and functional space through the potential addition of a second bedroom, providing flexibility for future growth.
Currently configured as a one-bedroom residence, the property may have a narrower appeal to families or buyers requiring immediate multi-room functionality.
The assigned elementary school carries a low rating of 2/10, which may be a significant drawback for education-focused buyers and impact future resale value to families.
Beautiful waterfront home in the sought-after Mariners Island community, known for its peaceful setting and resort-style living. Spacious living room with fireplace and serene lagoon views, with sliding doors leading to a private deck perfect for relaxing or entertaining while enjoying stunning water views. Enjoy boating on the lagoon right from your community. Potential to add a second bedroom (buyer to verify with City). HOA amenities include pool, spa, gym, and clubhouse, all for a low $195 HOA fee. Conveniently located near Bridgepointe Shopping Center, Mariners Point Golf Center, Bay Trail, dining, and with easy access to Hwy 92, 101, SFO, and CalTran.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 6% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,040 | 2,160 | 6% |
| Lot Size | 2,407 | 5,338 | 12% |
| Price | $1.10M | $2.40M | 6% |
| Price per sq ft | $1.1K | $1.1K | 47% |
| Built year | 1968 | 1969 | 41% |
| HOA | $195.0 | $0 | 76% |
| Days on market | 5 | 90 | 6% |
Apr 17, 2026
$1,098,000
Initial Listing