
Benicia, CA 94510
This Flexible Coastal Retreat represents a Strong Value Opportunity, listed at $1,395,000—positioned slightly above the $1,375,189 Fair Market Value. While not a discount play, the property’s Good Condition Rating and extensive 2006 infrastructure upgrades provide long-term stability. Featuring a versatile multi-unit layout, third-floor lookout with water views, and expansive garage capacity, this home offers rare utility for income generation or multi-generational living. Its prime location near the 9th Street Park and waterfront makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, high-utility coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 865 W I Street Subject | $1,299,000* List Price | 4 | 4 | 2,958 | $428 | - |
A 870 W J Street Sold | $1,004,000 | 4 | 3 | 2,328 | $431 | 0.0 mi |
B 440 W J Street Sold | $1,200,000 | 3 | 3 | 2,148 | $559 | 0.6 mi |
C 1166 Dominic Court Active | $1,250,000 List Price | 4 | 4 | 3,267 | $383 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent an extensive renovation and expansion between 2004 and 2006, including all major systems (HVAC, electrical, plumbing, and foundation). While the kitchen and finishes are approximately 18 years old, they remain well-maintained, functional, and move-in ready, aligning with the 10-20 year criteria for 'Good' condition.
The property features a main residence, a studio-style space, and a permitted apartment, offering rare flexibility for multi-generational living, rental income, or a professional home-based business.
Situated just one house away from 9th Street Park, the beach, and the boat launch, the home provides immediate access to Benicia’s coastal lifestyle and recreational activities.
Extensively renovated in 2006 with a new foundation, plumbing, electrical, and HVAC, the home combines historic 1940s charm with the reliability and efficiency of modern construction.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The current configuration of separate living units and a spiral staircase may feel disjointed to buyers seeking a traditional, cohesive single-family flow.
Due to the large building footprint and extensive garage/parking facilities, the remaining outdoor garden and patio areas are relatively modest for a lot of this size.
865 W I Street - A One-of-a-Kind Coastal Masterpiece - Originally built in 1942 as a seaside vacation cottage, 865 W I Street has been transformed into an extraordinary coastal compound unlike any other home in Benicia. Beginning in 2004, a creative master craftsman, working with a highly regarded local design and construction team, extensively renovated and expanded the property, creating a remarkable blend of craftsmanship, artistry and nautical character. Everywhere you look, there is something unexpected: original porthole windows, custom woodwork, repurposed redwood trim and doors salvaged from an 1890s farmhouse, beautifully restored Douglas Fir floors, and countless distinctive handcrafted details. The nautical influence is woven into the architecture itself, creating the feeling of a private coastal retreat. And then there is the crow's nestclimb to the top and take in the water view. It is an unforgettable feature that perfectly captures the spirit of this remarkable home. The extensive renovation included major updates to plumbing, electrical, HVAC, sewer and irrigation systems, as well as the roof, gutters, driveways and custom exterior elements. Equally remarkable is the property's versatility. The current configuration includes a 2-bedroom, 2-bath main residence, a private studio/living area with full bath and office/bedroom, plus a permitted 1-bedroom, 1-bath apartment with dedicated garage. Use it as a spacious single-family home with up to 5 bedrooms and 4 baths, create a multigenerational residence with privacy for everyone, or enjoy the current configuration with income-producing space and a creative studio. A two-car garage with gated alley access even provides room for the sailboat. Mature trees and lush landscaping create surprising privacy, while 9th Street Park, the beach and boat launch are just steps away and downtown Benicia's restaurants, galleries and waterfront are a short bike ride away. You simply won't find another home with this extraordinary combination of unique architecture, imaginative craftsmanship, nautical character and truly one-of-a-kind custom details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.4 |
| Square foot | 2,958 | 1,892.892 |
| Lot Size | 6,098 | 7,781.649 |
| Price | $1.30M | $859.5K |
| Price per sq ft | $439 | $431 |
| Built year | 1942 | 1978 |
| HOA | $0 | $185 |
| Days on market | 96 | 40 |
Aug 19, 2026
$1,299,000
$1,395,000
-7% Price Drop
Initial Listing
Jun 5, 2026
$1,395,000
Initial Listing
Oct 25, 2002
$225,000
Public Record