98 Pelican Lane, Redwood City, California 94065, Redwood City, 94065 - 2 bed, 1 bath
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Redwood City, California 94065
This Turnkey Waterfront Condo is a Strong Value Opportunity, listed at $799,000—positioned well below the $850,132 Fair Market Value by 6%. This valuation gap offers $51,132 in Instant Equity. Featuring a Modern Gourmet Kitchen, vaulted ceilings, and a private balcony with panoramic water views, the unit maintains a Mint Condition Rating. Located near Top-Rated Schools like Carlmont High, this property is an ideal sanctuary for first-time buyers or owner-occupants seeking a premium, move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 98 Pelican Lane Subject | $799,000* List Price | 2 | 1 | 1,063 | $800 | - |
A 29 Cove Lane Sold | $820,000 | 2 | 2 | 1,120 | $732 | 0.1 mi |
B 114 Shorebird Circle Sold | $700,000 | 1 | 1 | 823 | $851 | 0.2 mi |
C 203 Shorebird Circle Sold | $775,000 | 2 | 2 | 1,018 | $761 | 0.2 mi |
D 501 Baltic Circle 539 Sold | $783,000 | 1 | 2 | 927 | $845 | 1.0 mi |
E 32 Cove Lane Active | $848,000 List Price | 2 | 1 | 1,050 | $808 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure dates to 1985, the interior has undergone a high-quality recent renovation (likely within the last 5 years). The kitchen is fully modernized with quartz countertops, white shaker cabinetry, and stainless steel appliances. The unit features updated flooring, vaulted ceilings, and a granite-topped bathroom, presenting in mint, move-in ready condition.
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
This condo offers a premium waterfront living experience with direct views of Redwood Shores and a private balcony, providing a serene and highly desirable setting.
The property features a fully updated gourmet kitchen with quartz countertops and stainless steel appliances, complemented by architectural details like vaulted ceilings and clerestory windows.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The monthly HOA fee of $779 is relatively high, which significantly increases the total monthly carrying cost for the homeowner.
Despite having two bedrooms plus a loft and office area, the unit only contains one bathroom, which may be a drawback for families or co-living arrangements.
Welcome to this beautiful waterfront condo with 2 beds, 1 bath overlooking Redwood Shores. Upon entry, the hallway leads to a bright living room with vaulted ceiling, a cozy fireplace, and a large clerestory window. A sliding door opens to a private balcony, perfect for relaxation and enjoying the beautiful waterfront scenery. The dining area features a pendant light and lovely water views, flowing into the modern gourmet kitchen with quartz countertops, stylish backsplash, stainless steel appliances, and white shaker cabinetry. On the other side of the hallway is a spacious bedroom with high ceiling and a private balcony with community views. The hallway bathroom offers a granite countertop, shower over tub, and convenient in-unit laundry with washer and dryer. Upstairs features a loft bedroom and an office area. Enjoy the community pool, club house, and dock. Convenient location close to library, trails, and shopping, with easy access to Highway 101, near Caltrain, and a short commute to major tech campuses in SF, San Mateo, and the South Bay. Top-rated schools. Do not miss this great opportunity!
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-6 • 1.2 mi
Grades K-5 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 1,063 | 1,040.5 | 50% |
| Lot Size | - | - | 50% |
| Price | $799.0K | $791.0K | 50% |
| Price per sq ft | $752 | $799 | 30% |
| Built year | 1985 | 1986 | 40% |
| HOA | $779.0 | $698 | 80% |
| Days on market | 22 | 118 | 10% |
May 15, 2026
$799,000
Initial Listing
Feb 7, 2018
$930,000
Public Record
Mar 8, 2011
$370,000
Public Record
May 2, 1997
$215,000
Public Record