721 Cabin Drive, Mill Valley, CA 94941, Mill Valley, 94941 - 2 bed, 1 bath
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721 Cabin Drive
Mill Valley, CA 94941
ACTIVE
CONDITION: POOR
2Beds
1Baths
960Sq Ft
5,824Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,032,331
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,050,000—positioned slightly above the $1,032,331 Fair Market Value. While the home requires a comprehensive renovation due to its Condition Rating of 5, the 960-square-foot layout and versatile loft offer significant value-add potential. Located in the desirable Tamalpais Valley, the home features scenic views and access to Top-Rated Schools like Tamalpais Valley Elementary (9/10). This is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants looking to customize a home in a prime Mill Valley location.
Estimated Market Value
$1,032,331
Based on Realkey algorithm analyzing recent comparable sales in Mill Valley.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1966 and appearing largely in original condition, this property is explicitly marketed as a 'renovation project.' The interior shows significant wear including stained carpeting, dated wood paneling, and original mid-century fixtures. Given the age of nearly 60 years without evidence of major system or kitchen/bath updates, it requires a comprehensive rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Prime Location & Top-Rated Schools
Situated in the highly desirable Tamalpais Valley, the property offers access to exceptional schools with ratings as high as 9/10, ensuring long-term value and appeal for families.
- Versatile Loft Space
The inclusion of a spacious loft provides significant flexibility, allowing the homeowner to create a dedicated home office, creative studio, or additional sleeping area within the 960-square-foot footprint.
CONSRISKS & DEFICIENCIES
- Limited Square Footage & Bath Count
With only 960 square feet of living space and a single bathroom, the home's compact layout may be a constraint for buyers seeking more modern proportions or room for growth.
- Original Condition & Renovation Needs
Retaining its 1966 original character, the property is positioned as a renovation project, implying a need for substantial additional investment to modernize the interior and systems.
About 721 Cabin Drive
A rare opportunity to own a charming piece of Mill Valley with beautiful views and endless possibilities for creating your ideal home. Built in 1966, this inviting 2-bedroom, 1-bath residence offers a wonderful foundation for those looking to embrace its original character, update it to their own style, or explore the potential of a future transformation. Set in the desirable Tamalpais Valley, the property offers a special combination of natural beauty, privacy, and convenience. Large windows bring the surrounding landscape into the home, while a spacious loft adds valuable flexibility and additional usable space. The loft can serve as a home office, study, creative studio, sleeping area, reading retreat, or other space tailored to your lifestyle. Whether you're looking for a cozy Mill Valley retreat, a creative renovation project, or an opportunity to create a home uniquely your own, 721 Cabin Drive is ready for its next chapter. Come experience the views, the setting, the spacious loft, and the many possibilities that make this property special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 5,824 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mill Valley Unified Schools
Tamalpais Valley Elementary School
Grades K-5 • 0.9 mi
9/10
Old Mill Elementary School
Grades K-5 • 2.1 mi
8/10
Edna Maguire Elementary School
Grades K-5 • 2.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 960 | 2,121.704 |
| Lot Size | 5,824 | 8,194.037 |
| Price | $1.05M | $2.10M |
| Price per sq ft | $1.1K | $1.1K |
| Built year | 1966 | 1963 |
| HOA | $0 | $160 |
| Days on market | 21 | 32 |
Pricing History
Listed for Sale
Aug 19, 2026
$1,050,000
Initial Listing