29 Drakes Cove Ct
Larkspur 94939 · Larkspur · Coordinates: 37.94552, -122.50256
Executive Verdict · Public-Records Synthesis
Zoned PD in Larkspur and zero mapped flood, fire, or fault hazard overlaps; benchmark value $2,328,000 ($1,979,000–$2,677,000).
Upsides & Opportunities
- ✓ Area valuation benchmark anchored at $2,328,000
Estimated range $1,979,000–$2,677,000 derived from area zhvi + acs + permit benchmark and 11,674 sq ft lot geometry.
Source: ZIP 94939 Zillow Home Value Index ($2,210,711, September 2026) (Data provided by Zillow)
Watchouts & Due Diligence
- ! Mapped flood awareness zone (Zone X: minimal flood hazard)
all of the lot of the parcel intersects Zone X: minimal flood hazard. Outside mandatory federal SFHA insurance rules, but check local drainage and finished-floor requirements.
Source: FEMA National Flood Hazard Layer (parcel polygon)
- ! 4 slow or stalled nearby projects within ½ mile
Closest lead: New home at 193 Sir Francis Drake Blvd E (0.31 mi W, applied). Inspect timeline history before assuming near-term completion.
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) · HCD APR (½-mile radius)
- ! Bulk building permits not published for Larkspur
Permit counts and nearby activity on this page may omit municipal counter records. Request a parcel permit report directly from the local building department.
Source: Source coverage registry (Larkspur)
- ! Year 1 Prop 13 tax reset (~$27,222/yr at $2,328,000)
Sale triggers reassessment to 1.00% base + ~0.15% voter debt (~$2,269/mo). Confirm exact Mello-Roos / CFD special assessments on the county tax bill.
Source: CA Const. Art. XIIIA (Prop 13) · County Tax Collector
Parcel & Assessor
- Lot size:
- 11,674 sq ft (0.27 ac)
- Assessor use:
- Single-Resid. - Improved
- Addresses on lot:
- 29 DRAKES COVE CT
Zoning & Land Use
PD (Larkspur)
State Housing Pathways Screen (ADU & SB 9)
- ADU or junior ADUCan't tell
Zoned PD (planned development): ADUs are allowed if the zone allows a home, which depends on the approved plan. We read PD from the zoning code's name; we haven't checked it against Larkspur's code text.
- SB 9: two homes on the lotCan't tell
Zoned PD (planned development): we can't tell whether it counts as a single-family zone for SB 9. We read PD from the zoning code's name; we haven't checked it against Larkspur's code text.
- SB 9: split into two lotsCan't tell
Zoned PD (planned development): we can't tell whether it counts as a single-family zone for SB 9. We read PD from the zoning code's name; we haven't checked it against Larkspur's code text.
Mapped Hazard Zones on This Lot
- CAL FIRE Fire Hazard Severity Zone
- Not in a State-mapped fire hazard severity zone
- FEMA National Flood Hazard Layer
- Zone X: minimal flood hazard (all of the lot) · FIRM panel 06041C0459F, effective March 16, 2016
- CGS Alquist-Priolo Earthquake Fault Zone
- Not in an Alquist-Priolo Earthquake Fault Zone
Surrounding Rent & Value Benchmarks (Public Records)
Range: $1,979,000 – $2,677,000 · Status: Off market
HUD Small Area FMR (ZIP 94939) · FY 2026
Studio $2,820 · 1BR $3,380 · 2BR $4,090 · 3BR $5,220 · 4BR $5,420
Nearby Activity (½ mile radius, since November 2024)
1 active or recent development project and 6 total building permits recorded within ½ mile.
- New construction1 permit
Developments Deserving Closer Investigation & Active Area Builders
- New home at 193 Sir Francis Drake Blvd E (Applied)0.31 mi W
Active in "Applied" for 14 mo (first record Aug 29, 2025) with no new permit activity recorded in 10 mo. High-impact scale ($109,000,000 declared valuation across 2 permits).
- New home (Issued)130 ft SE
Active in "Issued" for 8.1 yr (first record Oct 4, 2018) with no new permit activity recorded in 8.1 yr.
- New home (Issued)150 ft SE
Active in "Issued" for 8.1 yr (first record Oct 4, 2018) with no new permit activity recorded in 8.1 yr.
- Demolition at 113 Greenbrae Boardwalk (Issued)0.49 mi SW
Active in "Issued" for 12.6 yr (first record Apr 23, 2014) with no new permit activity recorded in 12.5 yr.
Permit & Project History on This Parcel (0 permits, 2 grouped projects)
No building permits recorded on this parcel in our dataset.
State HCD Housing Element APR records on this parcel: 2 entries (report years 2018, 2019).