Marge's Real Estate Blog: The Draper Report

If you're looking for a home with a marina location, One Marina is a condominium complex being built on a lagoon on Bair Island Road.  It's easy to find:  take Whipple Road to Bair Island Road and there you are!

There are currently three units available.  We were able to tour several of the completed model units in Building One.  

I must say the photos for the listings do not do them justice.  Often times, if you are an experienced open house visitor, you may come away from a property feeling somewhat disappointed.  You were led on by the photos.  This won't be the case here.  I think the reason for this is that these units are designed with interesting design features; a great room with kitchen, living room and entry, and an option for some very nice higher end finishes.  Another interesting option is to have the interior doorways taller than the normal 80 inches.  It's amazing what a difference eight foot doorways make to a hallway and a room. 

The three units range in price from $499,000 to $679,000.  The lowest priced unit has 2 bedrooms, 2 baths and is 1249 square feet.  The next unit at $599,000 has 2 bedrooms, 2.5 baths and is 1416 square feet.  The 3 bedroom, 2.5 bath unit with 1498 square feet is listed at $679,000.

Ultimately, there will be 24 buildings placed around the lagoon with the units right on the lagoon to be built last.  There are boat slips planned as well.  The representative of the developer, Polaris Group, indicated it will take about three to four years for all of the construction to be completed.

The Polaris Group has plans to make a connection from the complex to downtown Redwood City by way of a tunnel that will first accommodate pedestrians and bikes and then to work with the city of Redwood City to expand that for automobile traffic.

I would recommend that, first of all, work with a real estate professional.  In order for your REALTOR to be paid a commission, they must accompany you on your first visit and they must register with you.  This is the general rule for anyone considering a purchase at a new development.  Your real estate professional will be experienced in negotiation and can help you through the process.