615 Bugeia Lane, Novato, CA 94945, Novato, 94945 - 5 bed, 4 bath
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Novato, CA 94945
This Gated Private Estate is a Strong Value Opportunity, listed at $1,995,000—positioned well below the $2,150,545 Fair Market Value by 7%. This valuation gap provides $155,545 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the residence features a Renovated Chef's Kitchen with professional-grade appliances and a Primary Spa Suite overlooking scenic hills. Set on a 1.08-Acre Lot near downtown Novato and the SMART train, it balances luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Multi-generational Families seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 Bugeia Lane Subject | $1,995,000* List Price | 5 | 4 | 4,552 | $472 | - |
A 101 H Lane Active | $1,595,000 List Price | 5 | 5 | 4,517 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1989, the property has undergone extensive high-end renovations within the last 5 years. The chef's kitchen features premium professional-grade stainless steel appliances, including a Sub-Zero refrigerator and a six-burner range, paired with modern shaker cabinetry and quartz countertops. The interior showcases updated wide-plank flooring, contemporary light fixtures, and vaulted ceilings with large architectural windows. The overall condition is move-in ready with high-quality finishes and no visible deferred maintenance, meeting the criteria for a recently renovated excellent-tier property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47250, living area = 4552.
Situated on over an acre of gated land, this property offers rare privacy and significant outdoor space, including a private driveway and grounds formerly used as a horse estate.
With over 4,500 square feet of living space, soaring ceilings, and five bedrooms, the home is perfectly suited for multi-generational living or those requiring a dedicated home office.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4552, other record living area = 4218.
The combination of a 1.08-acre lot and a large 1980s-built structure likely requires significant ongoing investment in landscaping and exterior upkeep.
The current list price is notably lower than the 2020 sale price of $2.225M, which may suggest the property requires modern updates to recapture its peak market value.
Welcome to 615 Bugeia Lane, a beautiful gated retreat nestled on over an acre of lush land in Novato. From the moment you pull up the private driveway, you'll feel the peace and quiet of this remarkable estate. Inside, the home features soaring ceilings and a sun-drenched great room where large windows perfectly frame the stunning grounds. The heart of the home is a bright chef's kitchen featuring a six-burner gas stove, center island, and cozy banquette for morning coffee alongside a spacious dining room for hosting friends and family. Relax in the generous primary suite with walk-in closet, private view deck, and luxurious spa bath with soaking tub, dual vanity, and picture windows. Four extra bedrooms accommodate a potential home office, guest quarters, or multi-generation living. A detached two-car garage and separate workshop complete this extraordinary home. Step outside to a backyard paradise with ample space for gardening, recreation, and entertaining. The expansive lot extends to a lower parking area, totalling 1.08 acres of land once used for a horse estate. While you'll enjoy total privacy here, you're only minutes away from the charm of Grant Avenue with its local boutiques, restaurants, and lively Farmer's Markets. Plus, with easy access to Highway 101 and the SMART train, a quick trip to wine country or a smooth commute is always within reach. 615 Bugeia Lane is a rare chance to enjoy a quiet, estate-style lifestyle in a wonderful Novato community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 93% |
| Baths | 4.0 | 3.0 | 91% |
| Square foot | 4,552 | 2,147 | 96% |
| Lot Size | 47,250 | 9,125.5 | 85% |
| Price | $2.00M | $1.14M | 94% |
| Price per sq ft | $438 | $570 | 17% |
| Built year | 1989 | 1974 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 189 | 2% |
Apr 7, 2026
$1,995,000
Initial Listing
Aug 31, 2020
$2,225,000
Public Record
Oct 23, 2007
$1,350,000
Public Record
Apr 22, 2004
$989,000
Public Record
Feb 28, 2001
$690,000
Public Record