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Marinwood Rental Market

Marinwood Rental Market

I’ve noticed that just like there is a limited number of homes for sale in Marinwood, Lucas Valley and Mont Marin, there is also a general lack of homes for rent as well.  I asked my good friends and business partners at PRANDI Property Management to comment  on their thoughts of the local rental market.

Quietwood

Quietwood

Most basic 3 bedroom single family homes in the Marinwood area can easily rent at $2,500/ month, but anything with additional selling features will lease at a much higher rate than that. For instance, we have an upcoming property on Quietwood. This is a 3 bedroom, 2 bathroom house with only about 1,300 sq ft. It is more basic, but the kitchen and bathrooms have both been updated. The house has original windows, and a simple yard. It will be listed for $2,400/ month, and we are confident that we can land that price (**2 years ago this one leased for $2,250).

Juniperberry 2

Juniperberry Drive

We also just leased a Juniperberry Drive property for $3,400/ month.  This was a 4 bedroom, 2 bathroom single family home with 1,750 sq ft. It’s an above-average Eichler in the Marinwood area, and has a beautiful yard and pool. This one was updated with double-pane windows, beautiful landscaping, and was in an especially nice location at the end of the road with no through traffic at a trailhead, walking distance to the community center (**This same property leased for $3,100/ month just a year and a half ago, so you can see the appreciation**).

Juniperberry 3Juniperberry 4Juniperberry

The Upper Lucas Valley/Marinwood Ridgeline area will gain an even higher rent than that, sometimes leasing in the $4000 to $5500/ month range very easily. We haven’t rented one in there in the past couple of months (because of the great location people seem to stay a great while, and they are snatched up almost as soon as they hit the market), so I didn’t provide particular pricing, as it would be outdated for “today’s market.”  However, we can pull stats from properties a bit further back if needed, so please just let us know.

Marinwood has always been one of the most desirable areas to live in Marin County. It’s located in one of the dominant school districts, has warm sunny weather, is surrounded by open space with great hiking trails, has very walk-able neighborhoods and parks yet is situated close to the freeway.” Says Melissa Prandi, MPM, president and CEO of PRANDI Property Management.

Melissa further adds, “Once you decide to live in Marinwood and want to get to know your new neighbors, the Marinwood Community Services District has a fantastic community bulletin board you can visit at www.marinwood.org.  Visit this online bulletin board to keep up to day with the fun, year-round events to welcome you to the Marinwood community.”

To contact PRANDI Property Management, go to: www.PrandiProp.com; or call (415) 482-9988.

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