538 Marin Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 4 bed, 4 bath
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Mill Valley, CA 94941
This Versatile Mill Valley Estate is a Prime Investment Opportunity, listed at $2,875,000—positioned well below the $2,997,775 Fair Market Value by 4%. This valuation gap provides $122,775 in Instant Equity. Boasting an Exceptional Condition Rating, the residence features a newly remodeled gourmet kitchen, a private ADU, and a separate garden studio on a rare level lot. Proximity to 9/10 rated schools including Park Elementary and Mill Valley Middle ensures long-term desirability. This is an ideal acquisition for Lifestyle-Focused Buyers or Owner-Occupants seeking multi-generational flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 538 Marin Avenue Subject | $2,875,000* List Price | 4 | 4 | 3,134 | $957 | - |
A 529 Alta Way Sold | $3,000,000 | 4 | 3 | 2,854 | $1,051 | 0.4 mi |
B 537 Browning Street Sold | $2,779,000 | 3 | 2 | 2,654 | $1,047 | 0.3 mi |
C 525 Fairview Avenue Sold | $2,400,000 | 4 | 4 | 2,300 | $1,043 | 0.2 mi |
D 316 Rydal Avenue Sold | $2,500,000 | 4 | 3 | 2,321 | $1,077 | 0.8 mi |
E 508 Blue Jay Way Pending | $2,499,000 List Price | 4 | 3 | 3,145 | $795 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in exceptional condition, highlighted by a newly remodeled gourmet kitchen featuring high-end stainless steel appliances, an oversized island, and modern cabinetry. The interior showcases vaulted ceilings with exposed wood beams, updated light fixtures, and pristine hardwood flooring throughout. Although built in 2002, the home has undergone extensive recent renovations that meet current luxury standards, including the addition of a modern ADU and a separate garden studio, with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12728, living area = 3134.
Elementary School: Park Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
The property features a private ADU over the garage and a separate garden studio, offering excellent flexibility for rental income, multi-generational living, or a dedicated home office.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With only three bedrooms in the primary residence, the layout may be restrictive for larger families who prefer all primary sleeping quarters to be integrated within the main home.
The seasonal brook at the rear of the property, while scenic, may require additional landscaping maintenance or specific insurance considerations during heavy rain seasons.
538 Marin Ave. is a lovely, spacious 3 bedroom home with a separate and very private additional dwelling unit (ADU) over the garage. The home is set on over a quarter of an acre with a large level grassy lawn that begs to host backyard BBQs. The newly remodeled gourmet kitchen with high ceilings, top of the line appliances, and an oversized island is the hub of the home while the adjacent generously sized dining room offers the perfect setting for many memorable meals. Replete with a wet bar and a raised hearth gas burning brick fireplace, the living room is both a great entertaining space and a cozy place to unwind. With its vaulted ceilings and wall of glass opening on to the garden, it blends seamlessly into the backyard oasis. There is a separate home office/yoga studio in the back garden as well as a fire pit area, an al fresco dining area, and a hot tub. With three bedrooms - each with their own bath - and the au pair/in-law/rental unit over the garage - this home can accommodate many different living situations. The beautiful garden has several mature lilacs and wisteria blooms as well as lemon trees and lavender. There is a seasonal brook that runs behind the property and the there are a myriad of hiking and biking trails close by. Tennessee Valley and Muir Beach are easily accessible and Tam Junction with its shops and restaurants is just moments away.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.9 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 76% |
| Square foot | 3,134 | 2,227.5 | 85% |
| Lot Size | 12,728 | 9,173.5 | 73% |
| Price | $2.88M | $2.00M | 76% |
| Price per sq ft | $917 | $984 | 41% |
| Built year | 2002 | 1958 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 188 | 1% |
Apr 14, 2026
$2,875,000
Initial Listing
Apr 1, 2015
$1,830,000
Public Record