
Alameda, California 94501
This Contemporary Waterfront Condominium is a Strong Value Opportunity, listed at $995,000—positioned well below the $1,062,488 Fair Market Value by 6%. This valuation gap provides $67,488 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the home features a sophisticated kitchen with Bosch appliances, cathedral ceilings, and a versatile lower-level bonus space with a separate entrance. Overlooking a freshwater lagoon and situated near Encinal Junior/Senior High, this residence perfectly balances lifestyle luxury with financial upside. It is an exceptional acquisition for Owner-Occupants or Value-Seeking Professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6 Invincible Ct F40 Subject | $995,000* List Price | 2 | 4 | 1,959 | $542 | - |
A 538 Martin Mariner Avenue Sold | $1,150,000 | 3 | 3 | 1,997 | $576 | 0.8 mi |
B 477 Mitchell Ave Sold | $1,170,000 | 3 | 3 | 2,072 | $565 | 0.6 mi |
C 467 Mitchell Ave Sold | $1,125,000 | 3 | 4 | 1,937 | $581 | 0.6 mi |
D 2683 5th St Sold | $1,160,000 | 3 | 3 | 2,248 | $516 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1988, the property has undergone extensive recent renovations and is in move-in-ready condition. The interior features modern luxury vinyl plank (LVP) flooring, updated light fixtures, and a sophisticated kitchen equipped with high-end granite countertops and premium stainless steel Bosch and Fisher & Paykel appliances. The bathrooms have been updated, including a primary ensuite with a hydrotherapy soaking tub and double vanity. The overall aesthetic is contemporary with cathedral ceilings and fresh finishes that meet current quality standards.
The property offers tranquil views of a freshwater lagoon, marina, and the Oakland hills, providing a serene and picturesque living environment.
A spacious lower-level bonus area with a separate entrance and full bathroom offers exceptional versatility for a home office, gym, or guest quarters.
The home features premium upgrades including a chef's kitchen with Bosch and Fisher & Paykel appliances, cathedral ceilings, and modern LVP flooring.
The monthly HOA fee of $885 is relatively high, which significantly increases the total monthly cost of ownership for potential buyers.
The garage is detached from the main living unit, which may be a minor inconvenience for residents during inclement weather or when transporting items.
Located in Alameda's picturesque Marina Village neighborhood overlooking a freshwater lagoon on Alameda's main island, this contemporary, move-in-ready property features 2 BR, 3.5 BA, an open LR/DR combination, an updated kitchen, a detached garage, 2 decks, and a spacious lower level bonus space w/a separate entrance - all with beautiful lagoon, marina and Oakland hills views. Conveniently situated across from the Marina Village Shopping Center with a variety of services, eateries, and stores, the location also provides close proximity to Shoreline Park, the Marina Village Yacht Harbor and the Webster/Posey tube for easy freeway access. Details include cathedral ceilings, a gas fireplace, attractive LVP flooring, stylish light fixtures + a sophisticated kitchen w/granite counters & stainless steel Bosch + Fisher & Paykel appliances. Bedrooms are generously sized with high ceilings & large closets custom organizers. The sun-filled primary BR features a large ensuite bathroom w/a double vanity + a hydrotherapy soaking tub. The versatile lower level has a private entrance, a full bathroom and deck, creating an ideal home office, gym or family room. The flexible floor plan with tranquil views and large, sun-filled rooms combine to make this an exceptional Alameda opportunity.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 1.5 mi
Grades 6-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 1,959 | 1,141.5 | 89% |
| Lot Size | 40,380 | 24,088.5 | 64% |
| Price | $995.0K | $657.5K | 75% |
| Price per sq ft | $508 | $557 | 22% |
| Built year | 1988 | 1974 | 67% |
| HOA | $885.0 | $615 | 89% |
| Days on market | 6 | 173 | 3% |
Apr 16, 2026
$995,000
Initial Listing
Mar 10, 2025
$975,000
Public Record
Feb 25, 2015
$725,000
Public Record
Dec 5, 2013
$645,000
Public Record
Dec 5, 2013
$645,000
Public Record
Apr 27, 2012
$565,000
Public Record
Feb 3, 2004
$604,545
Public Record