
Lafayette, California 94549
This property presents a High-Potential Investment Opportunity with a List Price of $1,795,000—positioned well below the $2,029,876 Fair Market Value by 11%. This valuation gap offers $234,876 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a 23,900 sqft lot, panoramic hill views, and a pool awaiting restoration, the home offers significant upside for forced appreciation. Located in the Acalanes High School District, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Property is extensive renovation needed.
Built in 1952, the home features kitchen and bathroom finishes that appear to be over 30 years old (late 80s/early 90s style). The presence of a pool 'awaiting restoration' and the listing's emphasis on 'extraordinary potential' and 'opportunity to make it your own' indicate significant deferred maintenance and the need for a full interior and exterior rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23900, living area = 2655.
Situated in the heart of Lafayette, this property offers unparalleled access to top-rated schools, BART, and premium shopping and dining, ensuring high desirability and long-term value.
The home features soaring vaulted ceilings, skylights, and rich hardwood floors that create a bright, airy atmosphere, complemented by a versatile loft and a dedicated library.
The existing pool is noted as awaiting restoration, which represents a substantial immediate project and additional capital investment for the buyer.
Marketed as having 'extraordinary potential' and 'opportunity to make it your own,' the 1952-built home likely requires updates to its systems or finishes to meet modern luxury standards.
Tucked in the heart of Lafayette, 820 Mariposa Rd is a charming single-story home that seamlessly blends warmth, character, and extraordinary potential. A sweeping wrap-around deck captures panoramic hill views while keeping you just steps from downtown Lafayette's beloved shops, restaurants, top-rated schools, and BART. Inside, rich hardwood floors and soaring vaulted ceilings with skylights fill the main living spaces with natural light. The open-concept kitchen features a center island and vaulted ceilings that flow effortlessly into the adjoining living room — perfect for everyday living and entertaining alike. A separate library with a fireplace and built-in bookcases offers a quiet retreat, while an upstairs loft provides a versatile study or office nook. The primary ensuite includes a generous wall of closets, complemented by two separate bathrooms. Step outside to a private backyard sanctuary shaded by majestic oak trees. A large covered patio creates an ideal year-round gathering space, while koi ponds, a greenhouse, hot tub, and playhouse add to the magic. A pool awaiting restoration rounds out this exceptional outdoor setting. With timeless appeal and limitless opportunity to make it your own, this Lafayette gem is not to be missed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 30% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,655 | 2,834 | 46% |
| Lot Size | 23,900 | 21,000 | 58% |
| Price | $1.79M | $2.10M | 33% |
| Price per sq ft | $676 | $846 | 25% |
| Built year | 1952 | 1958 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 104 | 1% |
May 29, 2026
$1,795,000
Initial Listing
Oct 8, 2001
$950,000
Public Record