938 Lea Drive, San Rafael, CA 94903, San Rafael, 94903 - 1 bed, 1 bath
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San Rafael, CA 94903
This Condominium represents a High-Potential Investment Opportunity, listed at $420,000—positioned well above the $326,552 Fair Market Value by 28%. While the list price exceeds current estimates, the property offers a Fair Condition Rating within the resort-style Meadows community, featuring pools, tennis courts, and proximity to the highly-rated Dixie Elementary School (9/10). With its low-maintenance lifestyle and access to open-space trails, this unit serves as a stable, amenity-rich asset. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a foothold in Marin County.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 938 Lea Drive Subject | $410,000* List Price | 1 | 1 | 680 | $568 | - |
A 952 Lea Drive Active | $360,000 List Price | 1 | 1 | 680 | $529 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1963 and, while it features updated hardwood-style flooring and a clean interior, it remains architecturally dated with original-style hollow-core doors and an older balcony. It appears well-maintained and move-in ready, but the age of the structure and lack of evidence for a recent full kitchen or bath renovation (>15 years) aligns with the fair category.
Elementary School: Dixie Elementary School (9/10).
Located in The Meadows, the property offers an impressive array of community features including pools, tennis courts, a clubhouse, sauna, and EV charging stations, providing a high-end lifestyle experience.
The home boasts exceptional accessibility, situated just minutes from Highway 101, Kaiser Permanente, Northgate shopping, and local markets, making it ideal for commuters and those seeking convenience.
At $815 per month, the association fees are notably high for a one-bedroom unit, which may impact buyer affordability and overall monthly carrying costs.
With only 680 square feet of living space, the compact one-bedroom layout may feel restrictive for some buyers and limits the property's appeal to a smaller demographic.
Welcome to 938 Lea Drive, a rare opportunity to own in The Meadows of Terra Linda, one of San Rafael's most beloved resort-style communities. This inviting residence offers an easy, low-maintenance Marin lifestyle with comfortable living spaces, private outdoor enjoyment, and access to beautifully maintained grounds designed for everyday relaxation. Inside, the home lives efficiently with a bright, comfortable layout and a natural connection to outdoor space. Whether envisioned as a primary residence, Marin retreat, or investment opportunity, this property delivers simplicity, convenience, and lasting value in one of San Rafael's most accessible locations. Life at The Meadows extends well beyond the front door, with community amenities including pools, tennis courts, clubhouse, sauna, landscaped common areas, EV charging, and nearby open-space trails. Just minutes from Scotty's Market, Northgate, Kaiser, dining, public transportation, and Highway 101, 938 Lea Drive offers a true foothold in Marin County living: comfortable, convenient, and tucked into one of Terra Linda's most established communities.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.5 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 680 | - |
| Lot Size | 4,199 | - |
| Price | $410.0K | $430.2K |
| Price per sq ft | $603 | $439 |
| Built year | 1963 | 0 |
| HOA | $815 | $0 |
| Days on market | 32 | 102 |
Jul 14, 2026
$410,000
$420,000
-2% Price Drop
Initial Listing
Jun 20, 2026
$420,000
Initial Listing
Nov 6, 2020
$360,000
Public Record
Jan 19, 2011
$155,000
Public Record
Apr 15, 2005
$349,500
Public Record