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$945,000
EST. MARKET VALUE
$956,248
SUMMARY
This Waterfront Townhome-Style Condo is a Strong Value Opportunity, listed at $945,000—positioned well below the $956,249 Fair Market Value by 1%. This valuation gap offers $11,249 in Instant Equity. Featuring a Condition Rating of 4, the unit offers a serene lifestyle with waterway views and three decks. Located near top-rated schools like Carlmont High and Ralston Intermediate, this property is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers prioritizing location and school quality.
Estimated Market Value
$956,248
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 2 bd · 3 ba · 1,110 sqft · $861 | $945,000* List Price | 2 | 3 | 1,110 | $861 | - |
A 500 Baltic Circle 506 Sold 2 bd · 2 ba · 1,235 sqft · $810 · 0.4 mi | $1,000,000 | 2 | 2 | 1,235 | $810 | 0.4 mi |
B 1000 Davit Lane 106 Sold 2 bd · 2 ba · 1,235 sqft · $931 · 0.5 mi | $1,150,000 | 2 | 2 | 1,235 | $931 | 0.5 mi |
C 59 Cove Active 2 bd · 2 ba · 1,240 sqft · $705 · 0.5 mi | $873,900 List Price | 2 | 2 | 1,240 | $705 | 0.5 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, the property is over 30 years old but well-maintained and move-in ready with fresh paint and new Berber carpet. However, the kitchen and finishes are dated, featuring older honey oak cabinets and tile countertops that will eventually need modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
- Waterfront End-Unit Position
As a desirable end-unit featuring three decks—two of which overlook the waterway—this home offers superior privacy and a serene, bright living environment.
- Exceptional Storage & Parking
The property includes a rare attached two-car garage complemented by a large additional storage area under the unit, providing utility seldom found in similar condo layouts.
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.
- Market Stagnation
With 53 days on the market and two consecutive price reductions from the original $1.05M listing, the property may face perception issues regarding its market-value alignment.
- High Monthly Carrying Costs
The monthly association fee of $689 is substantial for a 1,110-square-foot unit, potentially deterring budget-conscious buyers sensitive to high recurring costs.
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 | 1,205.381 |
| Lot Size | 1,110 | 30,857 |
| Price | $945.0K | $951.7K |
| Price per sq ft | $851 | $756 |
| Built year | 1987 | 1989 |
| HOA | $689.0 | $676 |
| Days on market | 81 | 55 |
Pricing History
Listed for Sale
Sep 25, 2026
$945,000
$995,000
-5% Price Drop
Initial Listing
Price Change
Sep 12, 2026
$995,000
$1,050,000
-5% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$1,050,000
Initial Listing
Sold
Oct 23, 2006
$703,000
Public Record