
El Cerrito, California 94530
This Single-Level Estate is a Strong Value Opportunity, listed at $2,498,000—positioned well below the $2,661,600 Fair Market Value by 6%. This valuation gap offers $163,600 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home boasts a gourmet kitchen, owned solar with battery backups, and panoramic Bay views. Its sprawling, flat lot provides rare privacy and utility. This legacy property is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or discerning investors prioritizing long-term asset appreciation.
Property is move-in ready.
The property is exceptionally well-maintained and move-in ready. While originally built in 1939, it features a high-end gourmet kitchen with a 60-inch Viking stove and custom cabinetry likely renovated within the last 10-15 years. Systems are excellent, including owned solar with Enphase battery backups and dual HVAC units. Bathrooms and finishes appear to be from a high-quality renovation approximately 15-20 years ago, placing it firmly in the 'Good' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19900, living area = 3276.
Situated on nearly half an acre of completely flat, usable land in the El Cerrito Hills, this gated estate offers a rare combination of privacy and expansive, functional outdoor space.
The property features breathtaking, unobstructed views of the Bay, bridges, and downtown skyline from the primary suite, kitchen, and formal living areas.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3276, other record living area = 2800. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
With four bedrooms but only two full bathrooms and one powder room, the bathroom-to-bedroom ratio may be considered low for a luxury home of over 3,200 square feet.
Being on the market for the first time in 50 years, the 1939-built home may require cosmetic updates to align with contemporary luxury tastes despite its well-maintained condition.
First time on the market in 50 years, this once-in-a-generation single-level estate at 8765 Terrace Drive in El Cerrito sits on nearly half an acre of completely flat, usable land behind a private entry gate. The sprawling, park-like grounds set the stage for a home built for entertaining, with panoramic views enjoyed from the kitchen, formal dinning room, living room, and primary suite. Vaulted tongue-and-groove wood ceilings grace the formal dining room, living room, and primary suite, while the gourmet kitchen showcases a 60” Viking stove and beautiful cabinetry, opening to a wooden deck on one side and a sunken family room on the other. The 4-bedroom, 2.5 bath layout is complemented by a detached, temperature-controlled wine room holding up to 500 bottles with its own side patio. A three-car garage with deep storage closets, and a generous garden shed tucked behind the garage add to the high points of this home. Owned solar panels paired with two Enphase battery backup system, two central heating and air conditioning units, and low-maintenance and manicured yard round out this rare offering - a true legacy home ready for its next family. Sunday Open House 10/25 2-4:30pm. Views: Downtown
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,276 | 1,645.308 |
| Lot Size | 19,900 | 5,293.596 |
| Price | $2.50M | $1.27M |
| Price per sq ft | $763 | $803 |
| Built year | 1939 | 1949 |
| HOA | $0 | $0 |
| Days on market | 45 | 33 |
Sep 9, 2026
$2,498,000
Initial Listing