651 Port Drive 208, San Mateo, California 94404, San Mateo, 94404 - 3 bed, 2 bath
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San Mateo, California 94404
This waterfront condominium presents a Strong Value Opportunity, listed at $889,000—positioned well below the $982,240 Fair Market Value by 9%. This valuation gap offers $93,240 in Instant Equity. Featuring a Condition Rating of 4, the property offers a functional layout with panoramic San Francisco Bay views, a pool, and private beach access. While the HOA fee is notable, the prime commuter location near Highways 101 and 92 provides significant lifestyle utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking waterfront value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 651 Port Drive 208 Subject | $889,000* List Price | 3 | 2 | 1,313 | $748 | - |
A 1720 Vista Del Sol Sold | $875,000 | 2 | 2 | 1,070 | $818 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (42 years old), the property is well-maintained but dated. While it features stainless steel appliances, the description of the kitchen and bathrooms as 'functional' and the presence of original-style mirrored closets suggest the systems and core aesthetics are over 20 years old and need modern updates.
The property offers a rare waterfront living experience with stunning San Francisco Bay views, private beach access, and a boat dock, providing significant lifestyle value.
Ideally situated near Highways 101 and 92, the property provides excellent accessibility for commuters while remaining close to the Bay Trail and local parks.
Residents benefit from a robust suite of amenities including a pool, sauna, secure parking, and additional storage, enhancing the convenience of condominium living.
The monthly HOA fee of $939 is relatively high and may impact the overall affordability and debt-to-income ratio for prospective buyers.
The assigned elementary school carries a low rating of 2/10, which may be a deterrent for families prioritizing high-performing primary education districts.
Step onto this private island in the desirable Mariners Isle neighborhood, where waterfront living meets everyday convenience. This 3-bedroom, 2-bathroom condo offers 1,313 sq. ft. of bright living space with stunning San Francisco Bay views. The kitchen features ample cabinetry, functional countertops, and stainless steel appliances. The living room is filled with natural light, with expansive windows and sliding doors framing the water views. A fireplace and private balcony create a relaxing setting. Bathrooms offer a clean, functional layout, and the bedrooms are generously sized with great natural light throughout. Residents enjoy amenities including a pool, sauna, private beach access, boat dock, and secure parking with storage. Conveniently located near the Foster City border with easy access to the Bay Trail, parks, shopping, and Highways 101 and 92. A great opportunity to enjoy comfortable waterfront living.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 66% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,313 | 1,286 | 55% |
| Lot Size | - | - | 50% |
| Price | $889.0K | $855.0K | 66% |
| Price per sq ft | $677 | $678 | 48% |
| Built year | 1982 | 1979 | 59% |
| HOA | $939.0 | $812 | 90% |
| Days on market | 8 | 134 | 3% |
May 29, 2026
$889,000
Initial Listing
Jun 12, 2017
$900,000
Public Record
Jun 7, 2006
$605,000
Public Record
Aug 4, 1998
$54,000
Public Record