881 Boardwalk Place, Redwood City, California 94065, Redwood City, 94065 - 2 bed, 3 bath
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881 Boardwalk Place
Redwood City, California 94065
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,110Sq Ft
1,110Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$973,264
7% AboveMARKET VALUE
SUMMARY
This Townhome-style Condominium represents a High-Potential Investment Opportunity, listed at $1,050,000—positioned well above the $973,264 Fair Market Value by 7%. While currently priced above market, the property features a 4/10 Condition Rating and offers significant upside through modernization. Highlights include a Dual-Suite Layout, three decks with waterway views, and proximity to top-rated schools like Carlmont High. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a waterfront lifestyle with long-term value-add potential.
Estimated Market Value
$973,264
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 881 Boardwalk Place Subject | $1,050,000* List Price | 2 | 3 | 1,110 | $877 | - |
A 500 Baltic Circle 506 Sold | $1,000,000 | 2 | 2 | 1,235 | $810 | 0.4 mi |
B 1000 Davit Lane 106 Sold | $1,150,000 | 2 | 2 | 1,235 | $931 | 0.5 mi |
C 501 Baltic Circle 539 Sold | $783,000 | 1 | 2 | 927 | $845 | 0.5 mi |
D 72 Cape Hatteras Court Active | $798,000 List Price | 2 | 1 | 987 | $809 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987 (37 years old), the property is dated despite recent cosmetic touches like fresh paint and Berber carpet. The kitchen features oak cabinetry and tile flooring consistent with a 20-30 year old style, and the fireplace and built-ins appear original, requiring modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
- Prime End-Unit Location
As an end unit featuring three decks—two of which overlook the waterway—this property offers enhanced privacy, superior natural light, and a serene waterfront living experience.
- Dual-Suite Layout
The floor plan includes two full suites plus a guest bathroom, providing an ideal configuration for roommates or guests while maintaining individual privacy.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1110, other record lot size in square feet = 225166.
- High Monthly HOA Fees
The association fee of $689 per month represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
- Compact Living Space
With only 1,110 square feet of living area, the interior may feel constrained for those accustomed to larger townhome footprints or requiring more expansive common areas.
About 881 Boardwalk Place
Townhome style condo. End unit. 2 suites plus a guest bathroom. 3 decks with 2 facing the waterway. Bright and relaxing. Large storage space under the unit behind the attached 2 car garage. Fresh paint on walls in living room, dining room, stairways from garage to living room and to dining room level. Berber carpet on the stairs and in the 2 bedrooms.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 1,110 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $689.0 / Month
Neighborhood Insights
Redwood City Unified Schools
Redwood Shores Elementary School
Grades K-5 • 0.8 mi
7/10
Sandpiper Elementary School
Grades K-6 • 0.8 mi
8/10
Cipriani Elementary School
Grades K-5 • 3.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 3.0 | 1.8 |
| Square foot | 1,110 | 1,231.444 |
| Lot Size | 1,110 | 30,857 |
| Price | $1.05M | $964.6K |
| Price per sq ft | $946 | $764 |
| Built year | 1987 | 1990 |
| HOA | $689.0 | $671 |
| Days on market | 35 | 55 |
Pricing History
Listed for Sale
Aug 5, 2026
$1,050,000
Initial Listing
Sold
Oct 23, 2006
$703,000
Public Record