5883 Margarido Dr, Oakland, California 94618, Oakland, 94618 - 5 bed, 6 bath
ACTIVE$4,739,999
5883 Margarido Dr, Oakland, California 94618
5Beds
6Baths
5,542Sqft
6,388Lot
Price Vs. Estimate
The estimated value ($4,590,170.07) is $149,828.93 (3%) lower than the list price ($4,739,999). This property may be overpriced.
Key pros and cons
Top Pros:
New Construction & Modern Luxury: Built in 2025, this property offers brand-new construction with modern elegance, high-end finishes, and contemporary design, appealing to buyers seeking a move-in ready, luxurious home.
Top Cons:
Recent Price Reduction: The property has undergone a recent price reduction from $4.95M to $4.739999M, which could suggest initial overpricing or slower market interest than anticipated.
Compared to the nearby listings
Price:$4.74M vs avg $1.88M (+$2,864,999)95%
Size:5,542 sqft vs avg 2,135 sqft98%
Price/sqft:$855 vs avg $90944%
More Insights
Built in 2025 (0 years old).
Condition: This property is a brand new construction, built in 2025, which immediately qualifies it for an 'Excellent' rating. The description highlights a 'chef's kitchen with a grand eat-in island, Wolf and Gaggenau appliances, custom cabinetry,' and '4 en-suite bedrooms,' indicating high-end finishes throughout. The images confirm a pristine, modern aesthetic with new hardwood floors, contemporary light fixtures, sleek bathrooms with floating vanities and large format tiles, and a state-of-the-art kitchen. All components are new, meeting current quality standards with no deferred maintenance.
Year Built
2025
Close
-
List price
$4.74M
Original List price
$4.95M
Price/Sqft
$855
HOA
-
Days on market
-
Sold On
-
MLS number
41097795
Home ConditionExcellent
Features
Good View: City Lights
Deck
ViewCity Lights
About this home
Modern elegance meets everyday luxury in this stunning Upper Rockridge new construction home. With 4 en-suite bedrooms, bonus room, built-in BBQ, elevator access, chef's kitchen with a grand eat-in island, Wolf and Gaggenau appliances, custom cabinetry, and seamless indoor-outdoor living on every floor. Includes a sleek 1 bed/1 bath ADU with private entry, perfect for guests or income. Beautifully curated with low maintenance landscaping and a living wall.
Condition Rating
Excellent
This property is a brand new construction, built in 2025, which immediately qualifies it for an 'Excellent' rating. The description highlights a 'chef's kitchen with a grand eat-in island, Wolf and Gaggenau appliances, custom cabinetry,' and '4 en-suite bedrooms,' indicating high-end finishes throughout. The images confirm a pristine, modern aesthetic with new hardwood floors, contemporary light fixtures, sleek bathrooms with floating vanities and large format tiles, and a state-of-the-art kitchen. All components are new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
New Construction & Modern Luxury: Built in 2025, this property offers brand-new construction with modern elegance, high-end finishes, and contemporary design, appealing to buyers seeking a move-in ready, luxurious home.
Premium Amenities & Appliances: Features a chef's kitchen with Wolf and Gaggenau appliances, custom cabinetry, a grand eat-in island, built-in BBQ, and elevator access, providing exceptional comfort and convenience.
Income/Guest Potential (ADU): Includes a sleek 1 bed/1 bath Accessory Dwelling Unit (ADU) with a private entry, offering versatile options for guest accommodation, extended family, or potential rental income.
Desirable Location & Views: Located in the prestigious Upper Rockridge subdivision of Oakland, the property boasts desirable 'City Lights' views, enhancing its appeal and value.
Spacious & Functional Layout: With 4 en-suite bedrooms, a bonus room, and seamless indoor-outdoor living on every floor, the home provides ample space and a highly functional layout for modern living and entertaining.
Cons
Recent Price Reduction: The property has undergone a recent price reduction from $4.95M to $4.739999M, which could suggest initial overpricing or slower market interest than anticipated.
High Price Point: The list price of nearly $4.74 million places it in a very high-end luxury segment, significantly narrowing the pool of potential buyers.
Modest Lot Size: While the home is expansive at 5,542 sqft, the lot size of 6,388 sqft is relatively modest for a luxury single-family residence, potentially limiting private outdoor space compared to similar properties.