5229 Miles Ave, Oakland, California 94618, Oakland, 94618 - 6 bed, 7 bath

5229 Miles Ave, Oakland, California 94618 home-pic-0
ACTIVE$3,488,888
5229 Miles Ave, Oakland, California 94618
6Beds
7Baths
4,748Sqft
8,060Lot

Price Vs. Estimate

The estimated value ($3,488,888) is $0 (0%) lower than the list price ($3,488,888). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive & High-Quality Renovation: The property has undergone a comprehensive rebuild with over $1,750,000 invested, featuring soaring ceilings, wide plank oak floors, custom cabinetry, chef-grade appliances, and spa-inspired bathrooms, ensuring a luxurious and modern living experience.
Top Cons:
Significant Price Adjustment: The property has undergone a substantial $500,000 price reduction from its original listing, which may indicate initial overvaluation or market resistance at the higher price point.

Compared to the nearby listings

Price:$3.49M vs avg $1.88M (+$1,613,888)92%
Size:4,748 sqft vs avg 2,135 sqft95%
Price/sqft:$735 vs avg $90927%

More Insights

Built in 1936 (89 years old).
Condition: Despite being built in 1936, the property has been 'fully rebuilt' with over $1,750,000 invested in renovations, as stated in the description. The images confirm a complete, high-end transformation, featuring a modern kitchen with chef-grade appliances, custom cabinetry, and a large waterfall island. Bathrooms are spa-inspired with contemporary fixtures, freestanding tubs, and stylish tiling. Wide plank oak floors, modern light fixtures, and a striking glass and wood staircase further indicate that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1936
Close
-
List price
$3.49M
Original List price
$3.99M
Price/Sqft
$735
HOA
-
Days on market
-
Sold On
-
MLS number
41112846
Home ConditionExcellent
Features
Good View:
Deck
Patio
View-

About this home

East Facing Rockridge Compound, Reimagined. Welcome to 5229 Miles Ave, a statement property fully rebuilt with over $1,750,000 invested in renovations, plans, and permitting. Only the original second story was retained and lifted more than 7 ft, creating one of the most exceptional homes ever offered in Rockridge. Delivering approx. 4,756 sq ft on an 8,000 sq ft lot, this residence combines luxury, versatility & income potential.The main home spans 3,764 sq ft with 4BD/4.5BA. Two independent ADUs expand the opportunity: a 617 sq ft 1BD/1BA above the rear studio and a 375 sq ft studio with a full kitchen and bath. With private side access, they are ideal for multi generational living, rental income, or running a business from home. Inside, every element reflects quality with soaring ceilings, wide plank oak floors, a striking glass & wood staircase, custom cabinetry, chef grade appliances, & spa inspired bathrooms. Outdoors, a custom kitchen, turf lawn, & expansive patio create a private retreat. Parking for 6 including a 2 car garage & Tesla charger complete the property. Located minutes from College Ave shopping, acclaimed dining, charming cafés, & BART for quick access to San Francisco, this is a once in a lifetime opportunity to live, work, & thrive in Rockridge.

Condition Rating
Excellent

Despite being built in 1936, the property has been 'fully rebuilt' with over $1,750,000 invested in renovations, as stated in the description. The images confirm a complete, high-end transformation, featuring a modern kitchen with chef-grade appliances, custom cabinetry, and a large waterfall island. Bathrooms are spa-inspired with contemporary fixtures, freestanding tubs, and stylish tiling. Wide plank oak floors, modern light fixtures, and a striking glass and wood staircase further indicate that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive & High-Quality Renovation: The property has undergone a comprehensive rebuild with over $1,750,000 invested, featuring soaring ceilings, wide plank oak floors, custom cabinetry, chef-grade appliances, and spa-inspired bathrooms, ensuring a luxurious and modern living experience.
Exceptional Income Potential & Versatility: Includes two independent Accessory Dwelling Units (ADUs) with private side access, offering significant flexibility for multi-generational living, substantial rental income, or operating a home-based business.
Prime Rockridge Location: Situated in the highly sought-after Rockridge neighborhood, minutes from College Ave's acclaimed shopping, dining, and cafes, with convenient BART access for a quick commute to San Francisco.
Generous Space & Outdoor Living: Boasts a substantial 4,756 sq ft of living space on an 8,000 sq ft lot, complemented by a custom outdoor kitchen, turf lawn, and expansive patio, creating a private and luxurious retreat.
Modern Amenities & Ample Parking: Equipped with contemporary conveniences such as a Tesla charger and parking for up to 6 vehicles, including a 2-car garage, addressing key needs for modern homeowners.

Cons

Significant Price Adjustment: The property has undergone a substantial $500,000 price reduction from its original listing, which may indicate initial overvaluation or market resistance at the higher price point.
Original Construction Year: Despite extensive rebuilding, the property's original construction year of 1936 might still raise questions for some buyers regarding the underlying foundation or potential for unforeseen issues compared to entirely new construction.
High Property Tax Burden: Given the property's high market value and extensive renovations in a desirable Oakland neighborhood, prospective buyers should anticipate a significant annual property tax liability.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state