
Foster City, California 94404
This Spacious Waterfront Condominium represents a Strong Value Opportunity, listed at $1,448,000—positioned well below the $1,466,908 Fair Market Value by 1%. This valuation gap offers $18,908 in Instant Equity. Featuring a Fair Condition Rating with original 1998 finishes, the property provides a blank canvas for modernization. With Panoramic Lagoon Views, two balconies, and proximity to Top-Rated Foster City Elementary (9/10), this residence is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to personalize a premium waterfront asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 720 Promontory Point Ln 2205 Subject | $1,448,000* List Price | 2 | 3 | 2,224 | $660 | - |
A 860 Meridian Bay Lane 135 Sold | $1,151,000 | 3 | 2 | 1,606 | $717 | 0.3 mi |
B 860 Meridian Bay Lane 243 Sold | $1,128,000 | 3 | 2 | 1,606 | $702 | 0.4 mi |
C 830 Balboa Active | $1,600,000 List Price | 3 | 3 | 2,140 | $748 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 and held by the original owner for 26 years, the property is functional but dated. The listing explicitly suggests the need for updates and a 'personal touch.' With original 90s-era finishes in the kitchen and bathrooms, and flooring showing its age, it fits the criteria for a property over 20 years old requiring modernization.
Elementary School: Foster City Elementary School (9/10).
As a corner unit, this residence offers exceptional panoramic views of the Foster City lagoon from the living areas, kitchen, and primary suite, complemented by two private balconies that enhance the indoor-outdoor living experience.
With approximately 2,224 sq. ft., this rare one-level floorplan is significantly larger than typical condominiums, featuring a flexible den/office that can easily function as a third bedroom.
The monthly association fee of $1,440 is substantial, which may impact the overall affordability and appeal for budget-conscious buyers compared to other local options.
Long-held by the original owner since 1998, the home is in mostly original condition and will require a significant additional investment in modernizing the kitchen, bathrooms, and finishes to meet current luxury standards.
One-level corner waterfront residence at Promontory Point offers an exceptional combination of size, light, views, and value. With approximately 2,224 sq. ft., this is a rare floorplan in the community featuring 2 bedrooms plus a den/office, expansive living areas, and panoramic Foster City lagoon views. The kitchen and family room open to one balcony, creating a wonderful indoor-outdoor connection for everyday living and entertaining. The kitchen features a center island with butcher block countertop, generous workspace, and a functional layout ready for the next owner’s personal touch. The spacious primary suite offers bay windows filled with natural light, spectacular water views, a walk-in closet, and access to a second private balcony. The primary bath includes dual vanities, a jetted tub, separate shower stall, and private toilet area. The second bedroom is also en suite with its own full bathroom with great convenience and privacy. The spacious den/office provides flexible use and can easily serve as a guest room, office, or third sleeping area, while public records reflect the home as 2 bedrooms. A separate laundry/utility room includes washer and dryer, utility sink, water heater, and furnace. Long-held by the original owner, the home presents a compelling opportunity for the new owner to update and personalize the space to their own taste. HOA amenities include pool, clubhouse, elevator access, and gated parking with two assigned spaces. Convenient Foster City location near parks, trails, shopping, dining, Hwy 92, Hwy 101, the San Mateo Bridge, and Peninsula commute routes.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 87% |
| Square foot | 2,224 | 1,204.5 | 93% |
| Lot Size | 346,066 | - | 87% |
| Price | $1.45M | $858.0K | 90% |
| Price per sq ft | $651 | $690 | 43% |
| Built year | 1998 | 1980 | 77% |
| HOA | $1440.0 | $787 | 90% |
| Days on market | 8 | 136 | 3% |
Jun 5, 2026
$1,448,000
Initial Listing
Dec 16, 1994
$275,000
Public Record