Marcus & Millichap is pleased to present 1206 Mariner Way, a rare four- unit multifamily opportunity in the heart of Tiburon, one of Marin County's most sought-after communities. The property consists of four well-maintained 2-bedroom, 1.5-bathroom, two floor units, each offering comfortable layouts and access to premium neighborhood amenities. Just minutes from downtown Tiburon's shops, restaurants, and ferry terminal, this investment benefits from strong tenant demand, high barriers to entry, and long-term growth potential in an extremely supply-constrained market. Perfect for both investors and 1031 exchange buyers seeking stability in a premier location.
Sold for $2,710,000
$2,710,000
1206 Mariner Way, Belvedere Tiburon, CA 94920
8beds
4,096sqft
Townhouse
Built in 1971
0.27 Acres Lot
$2,812,100 Zestimate®
$662/sqft
$6,232 Estimated rent
Home value
$2,812,100
$2.53M - $3.12M
$6,232/mo
Zestimate® history
Owner options
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$6,232/mo
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$6,232/mo
Rent Zestimate®
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$17,235/mo
Est. payment
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$17,235/mo
Est. payment
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Comfortable layouts
Zillow last checked:
Listing updated:
Listed by:
Ernesto A. Baglieri DRE #01996324 415-424-8201,
Marcus & Millichap 415-963-3000
Bought with:
Firouzeh Torson, DRE #01453370
Coldwell Banker Realty
Source: SFAR,MLS#: 325057837
Originating MLS: San Francisco Association of REALTORS
Originating MLS: San Francisco Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- Partial bathrooms: 4
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Laundry: In Unit
Features
- Basement: Storage Space
Interior area
- Total structure area: 4,096
- Total interior livable area: 4,096 sqft
Property
Parking
- Total spaces: 12
- Parking features: Off Street, Guest, Covered, Carport
- Carport spaces: 12
Features
- Stories: 1
- Patio & porch: Balcony/Deck
- Has view: Yes
- View description: City, Bay
- Has water view: Yes
- Water view: Bay
Lot
- Size: 0.27 Acres
- Features: Landscape Front, Landscaped
Details
- Parcel number: 05821210
- Special conditions: Trust
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Condition
- Year built: 1971
Utilities & green energy
- Electric: Separate Meter
- Gas: Separate Meter
- Sewer: Public Sewer
- Water: Water District
- Utilities for property: Common Area Meter
Community & HOA
HOA
- Has HOA: No
Location
- Region: Belvedere Tiburon
- Elevation: 0
Financial & listing details
- Price per square foot: $662/sqft
- Tax assessed value: $2,800,000
- Annual tax amount: $40,364
- Price range: $2.7M - $2.7M
- Date on market: 6/23/2025
- Cumulative days on market: 179 days
- Total actual rent: 15040
- Tenant pays: Parking Fee, Gas, Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2025 | Sold | $2,710,000-8.1%$662/sqft |
Source:  SFAR #325057837 Report a problem | ||
| 11/22/2025 | Pending sale | $2,950,000$720/sqft |
Source: SFAR #325057837 Report a problem | ||
| 9/8/2025 | Price change | $2,950,000-7.8%$720/sqft |
Source: SFAR #325057837 Report a problem | ||
| 6/23/2025 | Listed for sale | $3,200,000$781/sqft |
Source: SFAR #325057837 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $40,364 +175.5% | $2,800,000 +419.5% |
| 2024 | $14,649 +7.1% | $538,999 +2% |
| 2023 | $13,680 +11.4% | $528,464 +2% |
| 2022 | $12,281 +3.5% | $518,134 +2% |
| 2021 | $11,866 +0.7% | $508,007 +1% |
| 2020 | $11,788 +0.4% | $502,816 +2% |
| 2019 | $11,738 +3% | $492,988 +2% |
| 2018 | $11,392 +1.1% | $483,355 +2% |
| 2017 | $11,272 +2.5% | $473,910 +2% |
| 2016 | $10,995 +0.2% | $464,651 +1.5% |
| 2015 | $10,979 +2.8% | $457,695 +2% |
| 2014 | $10,681 | $448,763 +0.5% |
| 2013 | -- | $446,743 +2% |
| 2012 | -- | $438,018 +2% |
| 2011 | -- | $429,461 +0.7% |
| 2010 | -- | $426,265 -0.2% |
| 2009 | -- | $427,276 +2% |
| 2008 | -- | $418,930 +2% |
| 2007 | -- | $410,749 +2% |
| 2006 | -- | $402,727 +2% |
| 2005 | -- | $394,863 +2.5% |
| 2004 | -- | $385,153 +4.2% |
| 2003 | -- | $369,649 +2% |
| 2002 | -- | $362,403 +2% |
| 2001 | -- | $355,299 |
Find assessor info on the county website
Neighborhood: 94920
Nearby homes
- $2,071,9002 bd1 ba1k sqft1206 Mariner Way APT 2, Belvedere Tiburon, CA 94920Off Market
- $2,061,2002 bd1 ba1k sqft1206 Mariner Way APT 3, Tiburon, CA 94920Off Market
- $1,145,8002 bd1 ba1k sqft1206 Mariner Way APT 1, Tiburon, CA 94920Off Market
- $--2 bd1 ba1k sqft1206 Mariner Way APT 4, Tiburon, CA 94920Off Market
- $3,532,9002 bd2 ba1.2k sqft1200 Mariner Way, Belvedere Tiburon, CA 94920Off Market
- $--3 bd1 ba-- sqft1212 Mariner Way #2, Belvedere Tiburon, CA 94920Off Market
- $4,736,700-- bd-- ba-- sqft1212 Mariner Way, Belvedere Tiburon, CA 94920Off Market
- $--3 bd2 ba-- sqft1212 Mariner Way APT 3, Belvedere Tiburon, CA 94920Off Market
Nearby schools
GreatSchools rating
- NAReed Elementary SchoolGrades: K-2Distance: 0.3 mi
- 10/10Del Mar Middle SchoolGrades: 6-8Distance: 1.5 mi
- 10/10Redwood High SchoolGrades: 9-12Distance: 5.3 mi
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Estimated market value
$2,812,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,812,100
- California
- Marin County
- Tiburon
- 94920
- 1206 Mariner Way
Nearby cities
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