842 Cobble Cove Lane, Sacramento, CA 95831, Sacramento, 95831 - 4 bed, 4 bath
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Sacramento, CA 95831
This Custom Lakefront Estate is a High-Potential Investment Opportunity, listed at $1,325,000—positioned well below the $1,492,036 Fair Market Value by 11%. This valuation gap provides $167,036 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating, the 4,381 SF residence features a private boat dock, remodeled pool, and dual primary suites. Significant capital improvements, including 2024 HVAC systems and a 50-year roof, ensure long-term structural stability. This property is an exceptional acquisition for Luxury Homebuyers or Multi-Generational Families seeking a resort-style sanctuary with immediate equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 842 Cobble Cove Lane Subject | $1,325,000* List Price | 4 | 4 | 4,381 | $341 | - |
A 7656 Marina Cove Drive Sold | $1,488,000 | 4 | 4 | 4,358 | $341 | 0.4 mi |
B 953 Cobble Shores Drive Sold | $1,200,000 | 3 | 3 | 3,615 | $332 | 0.1 mi |
C 7795 Dutra Bend Drive Sold | $1,230,000 | 4 | 3 | 3,441 | $357 | 0.6 mi |
D 5 Still Shore Court Pending | $1,298,000 List Price | 4 | 5 | 3,623 | $358 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is exceptionally well-maintained and move-in ready, featuring significant recent capital improvements including new HVAC systems (2024), tankless water heaters (2018), and a 50-year roof (2013). While the kitchen and bathrooms retain a dated aesthetic characteristic of the 1988 build year—specifically oak cabinetry and tile countertops—the overall quality is high with real hardwood flooring, vaulted wood-beamed ceilings, and newer Anderson windows and doors. The home shows no signs of deferred maintenance, placing it firmly in the 'good' category despite the older interior styling.
This prime lakefront property features a private boat dock, remodeled pool, and spa, offering a true resort-style living experience within a secure gated community.
The home boasts extensive recent upgrades, including new Daikin HVAC systems (2024), a 50-year warranty roof (2013), and tankless water heaters, minimizing near-term maintenance concerns.
The spacious 4,381 SF floor plan includes primary suites on both the first and second floors, providing exceptional flexibility for multi-generational living or long-term guests.
While the elementary school is well-regarded, the assigned middle school has a low rating of 2/10, which may impact the property's appeal to families prioritizing public education.
The property is subject to a substantial $3,000 association fee, representing a significant ongoing carrying cost for the homeowner.
It is all about the views! Lake front living in the beautiful gated community of Riverlake at its best! This is a prime location within the community and you will never tire of the views from most rooms of this stately custom home. Most importantly, the eastern exposure on the lake is perfect for those summer nights with the cool Delta Breeze! Enjoy resort style living with a sparkling pool, spa, private boat dock and ample room for play on the lawn. This handsome near 4400SF home has been lovingly cared for and features 4-5 Bedrooms, 3.5 Baths, 2 primary suites with lake views, (1 up and 1 down) and a grand open floor plan that includes a 2 story great room with soaring ceilings, a large wet bar, an open kitchen and breakfast nook all with lake views. The large formal dining room is open to the entry and great room and views the music room for your grand piano or an office overlooking the lake! The home has been well maintained with freshly painted interiors, a 2013 New roof with a 50 year warranty on the lightweight concrete tiles, 2018 new 2 Rinnai tankless water heaters, 2024 new 2 Daikin HVAC systems, most newer Anderson Doors and windows in 2013, new driveway 2018 and the Pool & Spa was remodeled too. Many timeless amenities include real hardwood floors, wood plantation shutters, 8 Casablanca fans, a wood burning fireplace with a stove insert, ADT alarm system with outdoor cameras. Plus there's a 3 car garage! Located in Cobble Cove behind the gates, and just a short walk to the community lakefront park with tables, this is a very desirable location so don't delay!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-8 • 1.0 mi
Grades 7-8 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 4.0 | 2.0 | 91% |
| Square foot | 4,381 | 1,825 | 99% |
| Lot Size | 9,148 | 7,841 | 71% |
| Price | $1.32M | $645.0K | 96% |
| Price per sq ft | $302 | $351 | 13% |
| Built year | 1988 | 1981 | 78% |
| HOA | $3000 | $0 | 99% |
| Days on market | 42 | 161 | 7% |
Mar 11, 2026
$1,325,000
Initial Listing