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    00 Novato Blvd Novato, CA 94947

    Sponsored
    For Sale
    $24,950,000

    Prime Marin County land, 50 acres, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 466-acre land portfolio presents a unique opportunity for residential development. Situated in Marin County, California, bordering Novato and adjacent to the established Toll Brothers' Novato Chase subdivision, this property offers 50 usable acres ideal for building. The flat, developable land is ready for construction, boasting convenient access to existing water and public utilities. The property's stunning hillside location provides a scenic backdrop for a high-end residential project. This large-scale development promises significant community impact and potential for long-term value. The existing ownership group has held the land for an extended period. The APN is 125-150-8,-9,-10,-18,-19,-20,-21,-23,-34,-36. The property is zoned Residential Acreage (RES ACG). Prospective buyers are advised to conduct thorough due diligence with the Marin County Planning Department to confirm development feasibility and obtain all necessary permits. The asking price for this remarkable opportunity is $24,950,000. The address is 00 Novato Blvd, Novato, CA 94947.

    Property Features for 00 Novato Blvd

    General Information

    Property type
    Retirement homes
    Lot Size
    20,298,960 SF

    HighLights

    • 50 acres of flat, usable land suitable for development.
    • $466,000+/- in available concessions/mitigation funds.
    • Single ownership group with long‑term holding.
    • Convenient access to water and public utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Novato
    County
    Marin
    State
    California
    Longitude
    -122.61890091195
    Latitude
    38.120850800143

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    FAQs

    What type of property is this?
    Retirement home - Prime Marin County land, 50 acres, development ready.
    Where is this retirement home located?
    The property is located at 00 Novato Blvd Novato, CA.
    What is the asking price?
    The asking price for this property is $24,950,000.
    What are key features of this property?
    This property features: 50 acres of flat, usable land suitable for development.; $466,000+/- in available concessions/mitigation funds.; Single ownership group with long-term holding.
    Request Owner's contact information
    00 Novato Blvd Novato, CA 94947
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    Novato, CA 94947
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    00 Novato Blvd Novato, CA 94947
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