
San Rafael, CA 94903
This Spacious Lagoon-Front Townhouse is a High-Potential Investment Opportunity, listed at $965,000—positioned well above the $840,118 Fair Market Value by -14%. While the price reflects a premium, the property offers a Condition Rating of 4, featuring a versatile main-level flex space and private decks with water views. Located near Terra Linda High School, this home provides a blend of nature and convenience. It is an ideal acquisition for Owner-Occupants seeking a lifestyle-focused residence or long-term investors prioritizing location.
Spacious 3BR/3BA San Rafael townhouse with lagoon views, private decks, and flexible floorplan. Prime location near parks and transit. Move-in ready.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66 Mariners Circle Subject 3 bd · 3 ba · 2,020 sqft · $413 | $949,000* List Price | 3 | 3 | 2,020 | $413 | - |
A 46 Mariners Circle Sold 3 bd · 3 ba · 1,884 sqft · $425 · 0.1 mi | $800,000 | 3 | 3 | 1,884 | $425 | 0.1 mi |
B 166 Professional Center Parkway Pending 3 bd · 3 ba · 2,021 sqft · $344 · 0.4 mi | $695,000 List Price | 3 | 3 | 2,021 | $344 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, the property is approximately 35 years old. While the listing describes it as beautiful and well-maintained, the images reveal original 1990s features, such as the fluorescent light boxes and cabinetry in the bathrooms. It is functional and move-in ready but dated, fitting the criteria for needing minor updates to meet modern standards.
As a desirable end-unit with direct lagoon views and vaulted ceilings, this property offers the privacy and spacious feel of a single-family home while maximizing natural light.
The inclusion of a flexible main-floor den/office paired with a full bathroom provides an ideal setup for a guest suite, playroom, or a dedicated work-from-home space.
Multiple sliding doors lead to private patios and decks, perfectly complementing the airy interior and enhancing the home's utility for entertaining and enjoying the waterfront setting.
The association fee of $1,004 per month is significant and may impact the overall affordability and debt-to-income ratio for prospective buyers compared to other area townhomes.
With local school ratings ranging from 4 to 6, the property may be less competitive for families specifically seeking the top-tier educational districts often associated with Marin County.
Lagoon-view living with the space and feel of a single-family home. This approx. 2,020 sf end-unit pairs soaring vaulted ceilings and walls of windows with a prime lagoon-facing setting, bathing every room in natural light. Two sliding doors open to a private patio and deck, perfect for morning coffee or evening entertaining. The main level flows from a formal entry to a living room with a dramatic ceiling and fireplace, plus a formal dining room. Then comes the showstopper: a separate main-floor den/office/family room with a full bath across the hall. It's a private guest suite for visitors, a work-from-home office, a playroom, or simply room to spread out. It's the space buyers don't know they need until they see it. The kitchen offers stone counters, a walk-in pantry, and a charming breakfast nook with its own little patio. A laundry room with washer, dryer, and a large storage closet leads to the attached two-car garage. Dual heating/cooling system for max comfort and economy. Upstairs, the primary suite is a retreat with high ceilings, two large closets, and a spa-like bath with soaking tub, separate shower, and dual sinks. Two more bedrooms down the hall look out over lush common-area greenery. Live the lifestyle in a truly well-run community. Monthly HOA dues cover structure & flood insurance, exterior, roof, landscape maintenance, and security, along with the sparkling lagoon, pool and spa, clubhouse, and tot playground. Stroll the walking trails along the marsh, and enjoy minutes to 101, shopping, dining, hiking and biking trails, Marin Civic Center, farmers markets, SMART Train, and buses. Nature and convenience, beautifully balanced.
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades 6-8 • 3.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.8 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,020 | 1,445 |
| Lot Size | 1,503 | 2,066.25 |
| Price | $949.0K | $777.9K |
| Price per sq ft | $470 | $542 |
| Built year | 1991 | 1981 |
| HOA | $1004 | $617 |
| Days on market | 46 | 55 |
Oct 13, 2026
$949,000
$965,000
-2% Price Drop
Initial Listing
Sep 8, 2026
$965,000
Initial Listing
Feb 28, 2011
$514,000
Public Record