5502 Drakes Ct, Discovery Bay, California 94505, Discovery Bay, 94505 - 4 bed, 2 bath
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Discovery Bay, California 94505
This Waterfront Lakefront Residence is a Prime Investment Opportunity, listed at $799,000—positioned well below the $824,652 Fair Market Value by 3%. This valuation gap provides $25,652 in Instant Equity for incoming buyers. Boasting a Good Condition Rating, the home features a refreshed kitchen with stainless appliances and modern wood-look flooring. The property offers a premium lifestyle with a private dock on Willow Lake and rare RV/boat side-yard access. This is an ideal acquisition for Owner-Occupants or lifestyle-driven buyers seeking immediate equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5502 Drakes Ct Subject | $799,000* List Price | 4 | 2 | 2,131 | $387 | - |
A 1271 1271 Discovery Bay Blvd Sold | $799,000 | 4 | 3 | 2,549 | $313 | 0.3 mi |
B 2271 Biscay Ct Sold | $755,000 | 4 | 3 | 1,897 | $398 | 0.7 mi |
C 870 Willow Lake Rd Sold | $700,000 | 3 | 2 | 1,788 | $391 | 0.5 mi |
D 5575 Marlin Dr Sold | $1,018,500 | 3 | 3 | 2,490 | $409 | 0.2 mi |
E 2060 Bowsprit Ct Sold | $840,000 | 4 | 3 | 1,897 | $443 | 0.6 mi |
F 2270 Tamarisk Ct Active | $879,000 List Price | 4 | 3 | 2,554 | $344 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant cosmetic updates that align with modern tastes. The kitchen has been refreshed with white cabinetry, stainless steel appliances, and updated countertops. Contemporary wood-look flooring has been installed throughout the main living areas, and the interior features neutral paint and updated light fixtures. While the home was built in 1979, the overall maintenance and recent aesthetic renovations to the kitchen and living spaces place it firmly in the 'good' category, though the bathroom-to-bedroom ratio and older built-in features in the office prevent an 'excellent' rating.
The property features a private dock on Willow Lake and a large deck, offering immediate access to boating and a premium lakeside lifestyle.
The property includes rare, expansive side-yard access, providing ample space to securely park a boat trailer, RV, or motorhome.
The open-concept layout includes a spacious master suite and a bedroom with double doors, perfect for a professional home office.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1979, the home may require updates to its original systems or structural components to meet contemporary energy efficiency standards.
With only two bathrooms serving four bedrooms, the home may present logistical challenges for larger families or when hosting guests.
Experience the ultimate waterfront lifestyle at 5502 Drakes Court in beautiful Discovery Bay. Boasting stunning curb appeal, this home features a bright, open-concept floor plan designed for modern living. The spacious layout includes four bedrooms plus an oversized master suite with a private en-suite bath. One bedroom is highlighted by elegant double doors, making it an ideal professional home office. Outside, the large deck is perfect for entertaining, leading directly to your private dock on Willow Lake where you can jump in the water any day of the year. The dock is ready to go, so you can park your Boat and/or Paddle Boat and start living the lake life immediately. Additionally, the property offers rare, large side-yard access that easily accommodates a boat trailer and possibly a RV/ Motorhome. This isn't just a home; it's a lifestyle—come see why life is better on the water!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 2,131 | 2,280 | 40% |
| Lot Size | 8,280 | 7,200 | 82% |
| Price | $799.0K | $772.5K | 53% |
| Price per sq ft | $375 | $352 | 63% |
| Built year | 1979 | 1997 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 177 | 1% |
Apr 11, 2026
$799,000
Initial Listing
Jul 9, 2013
$460,000
Public Record