
Mill Valley, CA 94941
This Stunning Legacy Estate is a Strong Value Opportunity, listed at $3,295,000—positioned well below the $3,350,076 Fair Market Value by 1.6%. This valuation gap offers $55,076 in Instant Equity. Featuring a Mint Condition Rating, the property includes a custom main residence and a Legal Guest House, offering rare versatility. With Panoramic Bay Views, Private Spa Deck, and proximity to Top-Rated Schools like Mill Valley Middle, this is an ideal sanctuary for Multi-Generational Families or Discerning Owner-Occupants.
Stunning Mill Valley legacy estate with guest house, panoramic bay views, and top-rated schools. Mint condition, move-in ready, and priced below market value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 655 Edgewood Avenue Subject | $2,995,000* List Price | 4 | 4 | 3,386 | $885 | - |
A 169 Rose Avenue Sold | $2,550,000 | 4 | 4 | 3,629 | $703 | 0.2 mi |
B 484 Summit Avenue Sold | $2,180,000 | 5 | 4 | 2,748 | $793 | 0.9 mi |
C 222 Marguerite Avenue Active | $2,900,000 List Price | 4 | 5 | 2,925 | $991 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1962, the main residence was rebuilt from the ground up in 2010 and features recent high-end design upgrades and newly refinished decks. The kitchen and bathrooms are modern with premium finishes, and the guest house was newly constructed in 2012, placing the entire estate in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15481, living area = 3386.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
The property includes a 770 sqft legal guest house with its own address, kitchen, and parking, offering rare flexibility for rental income, a professional studio, or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3386, other record living area = 2795.
Described as an 'adult treehouse' with multiple levels and expansive decks, the property's vertical orientation may pose accessibility challenges for buyers seeking a single-level flow.
With a list price of $3.295M, the property commands a significant premium for its architectural pedigree and lot size, which may limit the pool of buyers compared to more conventional luxury homes in the area.
Steps to the Dipsea and Mount Tam trails, with treehouse living in modern architecture under the redwood canopy. Income-producing Guest House, Home Office, Gym, or Music Studio, just 30 minutes to SF! Perched on the shoulder of Mt. Tam among dozens of redwoods, 655 Edgewood is the house people picture when they imagine leaving the city: held in the trees, with world-class trails out the front door and downtown Mill Valley a stroll down the storied Dipsea steps. Coffee in town on Saturday morning, deep into Muir Woods by Saturday afternoon, and a trail walk to clear your head after work every night in between. The best of Mill Valley, on foot. This is modern architecture in conversation with the mountain. Born of 1960s California modernism and rebuilt from the ground up in 2010 the house has undergone multiple updates since then, with the guest house being built in 2012 with its own updates and remodeling. Across two structures, 3,386 sq ft of living space unfolds in clean lines, walls of glass, and warm natural materials: three bedrooms, a dedicated office and gym, and view decks off nearly every room framing the Bay from Belvedere to Berkeley, with Mt. Diablo on the horizon. Rather than flattening the hillside, the design climbs it. The stairs weaving through the property give the house its treehouse feel and its total privacy, set across six original parcels of redwood canopy with a private spa deck floating above it all at the top. A fully separate, fully remodeled guest house with its own kitchen, fireplace, entrance, and parking makes an ideal work-from-the-woods office, in-law retreat, or guest sanctuary. It also carries real income potential. No garage, and you won't miss it: a dedicated space plus six open street spots mean parking is never a question. What you get instead is privacy, canopy, and quiet, 30 minutes from downtown San Francisco and a world away from it. Whether your perfect evening ends with a run to the ridge or a glass of wine on the deck as the fog rolls over Tam, this is the one you've been scrolling past everything else to find.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades PK-5 • 1.2 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,386 | 2,121.704 |
| Lot Size | 15,481 | 8,194.037 |
| Price | $3.00M | $2.10M |
| Price per sq ft | $885 | $1.1K |
| Built year | 1962 | 1963 |
| HOA | $0 | $160 |
| Days on market | 113 | 32 |
Aug 18, 2026
$2,995,000
$3,295,000
-9% Price Drop
Initial Listing
May 19, 2026
$3,295,000
Initial Listing
Jan 4, 2022
$3,025,000
Public Record
Jun 2, 2015
$1,995,000
Public Record