Jenn Pfeiffer Presents

11 Commodore marina
 Mill Valley

$1,747,000

Property Details

Bedrooms 4
Bathrooms 4
Square Feet 1,440 sq ft
Neighborhood Behind Sea Plane

Co-listed with: Robert Warner DRE Lic # 02093031

Exceptional Short Term Rental Investment Opportunity in One of the Most Coveted Locations in the World with Occupancy Rates Over 80%!

All four units have consistently maintained occupancy rates over 80%. Gross rental income in 2024 was $415,030. The NOI was $255,281, making the Cap Rate 12.86%.

11 Commodore Marina, a four unit short term rental property has been so well managed and maintained that guests keep returning to the floating home for additional, and longer, stays.  Guests from all over the world who visit everything the San Francisco Bay Area, and Wine Country has to offer, seek out 11 Commodore as a quintessential Marin experience; living on the Bay, in one of the most beautiful parts of the world, with car, ferry, bus or bike access to San Francisco, State Parks minutes away, world-class restaurants just down the road (in any direction), it’s no wonder this property is booked consistently.

It’s a stone's throw from the Marin Airporter stop, a Golden Gate transit Park ‘ Ride, the Sausalito Ferry, and Seaplane Adventures, which offers Seaplane and Helicopter Tours. There’s something truly breathtaking about sitting on the wrap-around deck, a drink in hand, watching the seaplane land and take off.

The entire houseboat is nearly all remodeled using top-of-the-line finishes and appliances. Each unit features a raised platform bed to overlook open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors, and a private outside deck area. There is also over 1,000 sq. ft. of climate-controlled storage in the houseboat below decks with a commercial washer/dryer to allow for quick rental change-overs. The Houseboat has been approved by the Commodore Marina as a short-term rental since September of 2022. All units have consistently maintained occupancy rates over 80%. 

This STR has an incredible number of positive reviews on Airbnb, and more on VRBO and Booking.com, including from return guests.  Visitors are looking for a truly unique Marin experience, and this is it.  

11 commodore Marina home features

Luxury & Aesthetic Enhancements
  • Outstanding Bay views
  • Thermory® (kiln-baked ash) cladding for longevity
  • Cedar & Thermory decking and railings
  • Oak hardwood flooring throughout
  • Seamless Caesarstone counters in kitchen & bath
  • Custom walnut cabinetry & casework
  • Built-in bed with integrated dresser drawers and side stands
  • Wrap-around illuminated deck

High-Tech Upgrades
  • Sonos architectural speakers installed and hardwired to a central AV closet
  • Hardwired Coax & Cat-10 wiring for high-speed internet
  • Google Nest Protect smoke & CO detectors with smart alerts
  • Fresh air valves in kitchens for ventilation
  • Bathroom fans auto-sense humidity and activate automatically

Safety Features
  • Whole-house sprinkler system
  • New tie ropes
  • Epoxy-clad pilings minimize impact on marine wildlife
  • Seismically upgraded superstructure
  • Welded steel moment frames for all windows & decks
  • Copper window & door flashings (prevents seaside corrosion)
  • New TPO roofing (durable, synthetic, highly reflective for cooling efficiency)
  • Rebuilt entry dock with fire hose, electrical power, and entry lights

Construction & Efficiency
Soundproofing:
  • Open-cell spray foam insulation for energy efficiency & noise reduction
  • Rock wool insulation + RC channel for extra noise dampening between units
  • Poured concrete subflooring for reduced sound transmission

Energy Efficiency:
  • Solar array with Enphase inverters powers hot water heaters & common areas
  • Mitsubishi mini-split HVAC system for efficient heating/cooling
  • Google Nest Learning Thermostat
  • Advanced insulation package for reduced energy costs

Storage & Convenience:
  • Each unit has separate climate-controlled, lockable storage below deck
  • Large scale laundry setup for short-term rental operations below deck

Investment Highlights


  • Proven Short-Term Rental Income: Over 80% occupancy since 2022
  • High Returns: 12.86% cap rate & $415K+ annual rental income
  • Premium Upgrades: Luxury finishes, tech features, and energy efficiency
  • Prime Location: Near Sausalito, SF ferry, Muir Woods tour bus, and major attractions
  • Turnkey Investment: Fully furnished & ready for continued high occupancy

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Jenn Pfeiffer

Corcoran Icon Properties

DRE:
#01339863
Office:
415.302.3198

jennpfeiffe.com

Moving In? Trading Up? Scaling Down? Heading Out? Call me.

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