
Alameda, California 94502
This Bay Farm Island Single Family Residence is a High-Potential Investment Opportunity, listed at $1,499,000—positioned well below the $1,531,783 Fair Market Value by 2%. This valuation gap offers $32,783 in Instant Equity. Featuring a Condition Rating of 4, the home offers a solid foundation with Tranquil Lagoon Views and Top-Rated Schools (9/10 ratings). While the 1980s interiors invite modern cosmetic updates, the layout and location provide significant long-term value. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a prime waterfront lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 63 Sea Brg Subject | $1,499,000* List Price | 3 | 3 | 2,197 | $697 | - |
A 21 Kilkenny Ct Sold | $1,850,000 | 5 | 3 | 2,569 | $720 | 0.7 mi |
B 154 Basinside Sold | $1,810,000 | 3 | 3 | 2,044 | $886 | 0.4 mi |
C 1152 1152 Old Alameda Pt Sold | $1,050,000 | 3 | 3 | 1,666 | $630 | 1.0 mi |
D 321 Ratto Rd Sold | $1,680,000 | 4 | 3 | 2,325 | $723 | 0.9 mi |
E 18 Applegate Way Sold | $1,851,000 | 5 | 3 | 2,585 | $716 | 0.8 mi |
F 365 Channing Way Pending | $1,400,000 List Price | 3 | 2 | 1,757 | $797 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is well-maintained and clean but remains largely dated. The kitchen and wet bar feature older white cabinetry and tile countertops characteristic of the original build or a 20+ year old renovation. While functional and move-in ready, the age of the systems and finishes suggests a need for modern updates.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The property offers tranquil lagoon views from the backyard and a private primary suite balcony, providing a premium waterfront living experience on Bay Farm Island.
Ideally situated near highly-ranked schools, including Amelia Earhart Elementary and Lincoln Middle School, both boasting a rating of 9, which significantly bolsters long-term property value.
Built in 1984, the home may require modern cosmetic updates or system upgrades to align with contemporary luxury standards and buyer preferences.
The property is subject to a $273 monthly association fee, which adds to the ongoing cost of ownership compared to similar non-HOA single-family residences.
Enjoy peaceful lagoon views from this beautifully appointed 3 bedroom, 2.5 bathroom Bay Farm Island home. Step inside to soaring vaulted ceilings in the entry, living room, and dining areas, creating a bright and inviting atmosphere. The spacious floor plan features a formal living room, dining room with backyard access, and a well appointed kitchen with ample counter space, breakfast nook, and a seamless connection to the outdoors. The adjacent family room with bar area makes everyday living and entertaining effortless. The private backyard offers the perfect setting for al fresco dining, gardening, play, or simply relaxing while taking in the tranquil lagoon views. Upstairs, the expansive primary suite feels like a true retreat with a private balcony overlooking the water, generous closet space, seating area, and en-suite bathroom featuring dual sinks, soaking tub, and separate shower. Two additional bedrooms and a full bathroom complete the upper level. Additional features include a two car garage, laundry room, and an ideal location near the lagoon, walking and biking paths, Bay Trail, parks, Harbor Bay Club, Corica Park Golf Course, Harbor Bay Landing, SF Ferry, AC Transit, and top rated schools including Amelia Earhart Elementary. Experience the best of Alameda’s island lifestyle with easy access to recreation, commuting, and the vibrant Bay Area.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 2.9 mi
Grades K-5 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,197 | 2,099.5 |
| Lot Size | 4,940 | 5,000 |
| Price | $1.50M | $1.46M |
| Price per sq ft | $682 | $779 |
| Built year | 1984 | 1931 |
| HOA | $273.0 | $180 |
| Days on market | 16 | 35 |
Jul 6, 2026
$1,499,000
Initial Listing