59 Cove, Redwood City, California 94065, Redwood City, 94065 - 2 bed, 2 bath
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Redwood City, California 94065
This property presents a High-Potential Investment Opportunity with a List Price of $999,900—positioned well above the $939,770 Fair Market Value by -6%. Featuring a Poor Condition Rating and an "AS-IS" status, this unit requires significant modernization. However, the Waterfront Views of the Redwood Shores Lagoon and access to Top-Rated Schools like Carlmont High (9/10) provide strong long-term value. This asset is ideal for Value-Add Investors or Contractors capable of executing a comprehensive renovation to unlock the property's full potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 59 Cove Subject | $999,900* List Price | 2 | 2 | 1,240 | $758 | - |
A 500 Baltic Circle 506 Sold | $1,000,000 | 2 | 2 | 1,235 | $810 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (43 years old) and sold 'AS-IS,' this property falls into the poor category as it exceeds the 30-year age threshold without evidence of major renovations. The listing's cautionary language regarding inspections and the dated interior appearance suggest a need for significant rehab.
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
This premium corner unit offers exceptional, unobstructed views of the Redwood Shores Lagoon, significantly increasing its desirability and long-term value.
The combination of a corner-unit orientation and two private balconies allows for maximum natural light exposure throughout the living spaces and bedrooms.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1168, other record lot size in square feet = 401895.
At $861 per month, the association fees are relatively high, which may impact the overall affordability and monthly carrying costs for potential buyers.
The property is being sold in 'as-is' condition, implying that the buyer will likely need to budget for immediate repairs, updates, or modernization.
View, View, View!!! Welcome to Redwood City, CA. This corner unit condo has amazing views of Redwood Shores Lagoon. You will not be disappointed with this one. If you blink it will be SOLD. Two bedrooms, two bathrooms, and two private balconies allow this unit to receive tons of natural light. The community includes a community pool and a dedicated carport. Hop in the car and go see this one today before it is gone. Buyers check with City, County, Zoning, Tax, and other records to their satisfaction Buyers to inspect prior to bidding. AS-IS SALE property.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-6 • 1.2 mi
Grades K-5 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.5 |
| Square foot | 1,240 | 1,035 |
| Lot Size | 1,168 | 1,204 |
| Price | $999.9K | $828.0K |
| Price per sq ft | $806 | $759 |
| Built year | 1983 | 1988 |
| HOA | $861.0 | $608 |
| Days on market | 12 | 53 |
Jul 10, 2026
$999,900
Initial Listing
Apr 12, 2021
$1,050,000
Public Record