
Alameda, California 94501
This Elegant Waterfront Tudor Revival is a Strong Value Opportunity, listed at $1,895,000—positioned well below the $1,974,466 Fair Market Value by 4%. This valuation gap provides $79,466 in Instant Equity. While maintaining a Fair Condition Rating due to its dated interior, the home offers a rare 11,700 sq ft lot with unobstructed lagoon views and access to Top-Rated Schools like Alameda High (9/10) and Lum Elementary (9/10). It is a premier choice for Owner-Occupants looking to modernize a legacy asset or Value-Add Buyers seeking a prestigious Gold Coast address.
Property is moderate renovation needed.
Built in 1925, this residence is exceptionally well-maintained but remains largely dated. The galley kitchen features cabinetry and a breakfast nook layout likely from a renovation 20-30 years ago. While the home is move-in ready and features classic architectural details, the age of the primary systems and the need for cosmetic modernization in the kitchen and baths align with the Fair criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11700, living area = 2465.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Situated on a rare 11,700 sq ft lot in the prestigious Gold Coast, this property offers direct lagoon access with a private deck and pergola, providing a premium indoor-outdoor lifestyle.
While the home maintains its original charm, the kitchen and bathrooms may require contemporary updates to meet the expectations of modern luxury buyers at this price point.
Built in 1925, the residence may necessitate ongoing maintenance or upgrades to aging systems typical of century-old properties, such as electrical, plumbing, or insulation.
A rare offering along the lagoon in Alameda’s coveted Gold Coast, this elegant Tudor Revival–inspired residence on sought-after Palmera Court presents a compelling blend of timeless architecture, generous scale, and exceptional waterfront living. Set on an expansive 11,700± sq ft parcel, the property unfolds into a private retreat where level lawns, mature landscaping, and thoughtfully designed outdoor spaces create a setting of both beauty and ease. At the water’s edge, a covered pergola with integrated lighting serves as a refined open-air pavilion ideal for year-round dining and entertaining, while the adjacent deck offers a tranquil vantage point to take in the serene lagoon views. The grounds provide a rare combination of usable space and direct water access, delivering an effortless indoor-outdoor lifestyle that is both relaxed and sophisticated. Inside, approximately 2,465 sq ft of well-composed living space features 4 bedrooms and 3 baths, with a flexible two-story layout including the option for a main-level bedroom or office. Original hardwood floors, classic detailing, and abundant natural light enhance the home’s warm yet understated elegance. The living room is anchored by a traditional fireplace and framed by picture windows, while the kitchen and dining areas connect seamlessly to the rear grounds, reinforcing the home’s connection to its exceptional setting. Upstairs, well-proportioned bedrooms offer comfort, privacy, and versatility, supported by a thoughtful layout designed for everyday living and quiet retreat. Additional features include a detached garage, extended driveway, and ample off-street parking. A substantial basement with comfortable clearance provides excellent storage and offers potential for future use. Positioned on a welcoming court known for its strong sense of community, and just moments from top-rated schools, shoreline paths, Alameda Beach, and convenient SF Ferry access, this is a rare opportunity to own a distinguished residence in one of Alameda’s most desirable and tightly held waterfront enclaves.
No exterior & parking available.
Grades 4-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,465 | 1,929 | 71% |
| Lot Size | 11,700 | 4,889.5 | 95% |
| Price | $1.90M | $1.41M | 79% |
| Price per sq ft | $769 | $748 | 56% |
| Built year | 1925 | 1918 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 157 | 1% |
Apr 17, 2026
$1,895,000
Initial Listing