$4,800,000
PENDING

150 Shoreline Hwy Mill Valley, CA 94941

Almonte Neighborhood

Estimated payment $28,890/month

Total Views 256
-- Bed
-- Bath
15,148 Sq Ft
$317 Price per Sq Ft

Highlights

  • Waterfront
  • 0.86 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Tamalpais High School Rated A
  • No HOA
  • 2-minute walk to Bothin Marsh Preserve

About This Home

3-Buildings 24 or 48-Units 15,148 Square Feet Total First-Time on the Market in 50-Years LOTS of Potential Uses INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants INVESTORS #2 ... 10% Cap-Rates by converting back to market-rate housing INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, or other vital programs YMBY #2 ... Potential to double the number of units to 48 studio apartments ... upstairs units can be adapted to have separate entrances ... see the Matterport Tour for a sample of an upstairs studio COMPANY HEADQUARTERS ... High-Visibility Location, excellent parking, campus-like setting and immediate access to Highway-101 make this an interesting option. A FEW NUMBERS : $100,000 or $200,000 per unit 24-units (1-bedroom) or 48-units (studio apartments) Possibly build more units 3 buildings - about 5,000 square feet per building The asking price is $318 per square foot, which is way below what it would cost to build in today's market OK to drive around the buildings - but, please DO NOT ENTER BUILDINGS or DISTURB TENANTS

Listing Agent

Kevin O'Brien

Re/Max Accord License #01385083

Re/Max Accord

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,799

Year Built

  • Built in 1971

Parking

  • Parking Lot

Home Design

  • Shingle Roof
  • Wood Siding

Home Security

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Carpet
  • Waterfront

Listing and Financial Details

  • Assessor Parcel Number 05237104

Community Details

Overview

  • No Home Owners Association
  • 15,148 Sq Ft Building
  • Bay East Association

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,799

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Year Built: 1971
  • Property Sub Type: Garden Apts
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.86
  • Directions: Hwy-101 at Hwy-1, Mill Valley
  • Carport Y N: No
  • Garage Yn: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet
  • Basement: None

Exterior Features

  • Roof: Shingle
  • Lot Features: Level, Premium Lot
  • Waterfront Features: Waterfront
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Greenbelt

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Uncovered Park Spaces 2+

Utilities

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 37501
  • Parcel Number: 05237104
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 045222

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $25,799 $1,297,944 $384,576 $913,368
2023 $25,265 $1,272,498 $377,036 $895,462
2022 $24,294 $1,247,550 $369,644 $877,906
2021 $23,775 $1,223,094 $362,398 $860,696
2020 $23,486 $1,210,503 $358,663 $851,840
2019 $21,504 $1,186,769 $351,631 $835,138
2018 $19,618 $1,163,502 $344,737 $818,765
2017 $19,336 $1,140,692 $337,978 $802,714
2016 $18,615 $1,118,327 $331,352 $786,975
2015 $19,354 $1,101,529 $326,375 $775,154
2014 $17,974 $1,079,954 $319,982 $759,972
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Pending -- -- --
10/24/2023 10/24/23 For Sale $4,800,000 -- $317 / Sq Ft
Source: Bay East Association of REALTORS®

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Old Republic Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $2,100,000 Construction
Closed $1,200,000 Commercial
Closed $1,330,000 Commercial
Source: Public Records

Source: Bay East Association of REALTORS®

MLS Number: 41042766

Bay East Association of REALTORS®

APN: 052-371-04

California Marin County Mill Valley 94941 Almonte

150 Shoreline Hwy, Mill Valley, CA

Homes for Sale in Mill Valley, CA

This home is located at 150 Shoreline Hwy, Mill Valley, CA 94941 and is currently priced at $4,800,000, approximately $316 per square foot. This property was built in 1971. 150 Shoreline Hwy is a home located in Marin County with nearby schools including Dr. Martin Luther King, Jr. Academy - Nevada Campus, Tamalpais High School, and The New Village School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay East Association of REALTORS® Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Kevin O'Brien
Listing Agent
Kevin O'Brien
Section Image
Re/Max Accord
(415) 360-7181