Sausalito condo prices in 2026
Redfin's median condo and co-op sale price in ZIP 94965 was $1,012,470 for the three months to September 2026, from 12 sales. That was 43.6% higher than a year earlier, a jump that mostly reflects which units happened to sell rather than a broad rise. Townhouses had a median of $1,210,002 from six sales, and single-family homes $1,712,068 from 12 sales.
| Home type, ZIP 94965 | Redfin median sale price | Price per sq ft | Median days on market | Average sale to list |
|---|---|---|---|---|
| Condo/co-op | $1,012,470 | $825.66 | 61 | 103.2% |
| Townhouse | $1,210,002 | $734.83 | 54 | 96.0% |
| Single-family | $1,712,068 | $1,075.66 | 17 | 106.1% |
All figures are Redfin's three months to September 30, 2026. With a dozen or fewer sales per type, read them as a range. Condos sat on the market more than three times as long as houses, which gives buyers more time to review documents and negotiate. Zillow does not publish a separate condo index for Sausalito; its typical value for all homes was $1,589,416 in September 2026.
Best areas to buy a condo in Sausalito
The Census counts 4,510 homes in the city for 2020-2024, and 2,604 of them are attached houses or units in multi-unit buildings: 845 attached single-family homes, 1,160 units in buildings of two to four, and 599 in buildings of five or more. Most condos are in small buildings, so each association is small and its finances depend on a few owners. The areas below follow the city's own maps and facility lists.
Downtown Sausalito condos near the ferry: Bridgeway and Caledonia Street
Downtown puts you near the Golden Gate Ferry, shops on Caledonia Street and City Hall at 420 Litho Street. The trade-off is visitor traffic and parking: the city says many residential areas lack parking for the number of vehicles and some require a residential area permit for overnight street parking. Check whether a unit comes with a deeded or assigned space, and whether the building is eligible for permits. Residents at eligible 94965 addresses can use the Resident Parking Benefit for three free hours in downtown public lots.
North waterfront condos: Marinship Way, Harbor Drive and Liberty Ship Way
The north waterfront is the city's working harbor district, with Clipper Yacht Harbor (700 slips) at 310 Harbor Drive, Sausalito Yacht Harbor (600 berths) with offices at 501 Humboldt Avenue, and Schoonmaker Point Marina (161 slips) on Liberty Ship Way. Buildings near the shoreline need a FEMA flood map check and a look at the association's flood insurance. If you own a boat, ask the marinas about slip waiting lists separately; a condo purchase does not include one.
Hillside condo and townhouse buildings in Sausalito
Many attached homes sit on slopes, where stairs, retaining walls and decks are shared costs. In a hillside building, the reserve study and the balcony inspection matter even more than usual, because decks and walkways are often the main exterior elevated elements. Townhouses in 94965 sold at 96.0% of list on average in the three months to September 2026, the lowest of any home type, so there is usually room to negotiate.
Floating homes: Sausalito's alternative to a waterfront condo
Waldo Point Harbor, at the northern end of Richardson Bay, has 282 floating home berths. Each home is privately owned with a berth lease from the harbor, so you buy the structure and rent the water. Floating Home Living, a local brokerage, reports from BAREIS MLS records that 14 floating homes sold in 2026 through early September at a median of $1,125,000, that 12 of the 14 were paid in cash, and that the median home took 68 days to sell. Financing is limited and the berth fee is an ongoing cost, so treat a floating home as its own purchase, not as a condo.
Marin City and unincorporated 94965
Marin City shares the 94965 ZIP but is unincorporated, so Marin County rather than the City of Sausalito sets its permit and rental rules. Redfin counted only four sales of all types there in the three months to September 2026. Confirm a listing's jurisdiction before you rely on any city rule on this page.
Is it wise to buy a condo in Sausalito now?
It can be, if the building's finances are sound. A condo is the lowest-priced way to own in the city, at roughly $700,000 less than the median house in 94965. At Freddie Mac's 7.24% rate (week of October 29, 2026), 20% down on the $1,012,470 condo median ($202,494) means about $5,520 a month in principal and interest, plus about $844 a month for the 1% base property tax, before HOA dues and insurance. Zillow's observed rent for Sausalito was $3,984 a month in September 2026, up 6.9% in a year, so owning a median condo costs well above renting before any appreciation.
Balcony and deck inspections under SB 326 and SB 721
State law requires periodic inspection of balconies, decks and other exterior elevated elements in condo buildings (SB 326) and in apartment buildings (SB 721). In a salt-air, hillside city, ask for the inspection report and any repair bids before you remove contingencies. Our California balcony inspection law guide explains who must inspect what and when.
Reserves and special assessments in small Sausalito buildings
With most condos in small buildings, a roof or seawall repair is split among few owners. Ask for the reserve study, the percentage funded, and the minutes of the last 12 months of board meetings, which show planned projects and disputes. Our California HOA laws guide lists the documents the seller must provide.
Insurance for a Sausalito condo
Get the association's master policy declarations and check whether it covers earthquake and, near the shore, flood. Then quote your own HO-6 policy and loss assessment cover. See our California homeowners insurance guide and California earthquake insurance guide.
Financing a Sausalito condo: warrantability and rentals
Lenders review the whole building, not just your unit. A project with a high share of renters, a single owner holding many units, pending litigation or thin reserves may be non-warrantable, which rules out many standard loans and raises the rate on the rest. Ask your lender for a condo questionnaire early, since small associations can be slow to complete one.
Investors should note that the City of Sausalito does not allow rentals of less than 30 days in residential zones, with fines of $1,000, $2,000 and then $5,000 per offense. Many association rules also limit leasing. Model any rental plan on long-term leases only.
Condo fees and taxes in Sausalito
HOA dues vary by building and by what they cover, such as water, garbage, insurance and reserves, so ask the seller for the current budget instead of relying on a listing estimate. Property tax starts at 1% of your purchase price plus voter-approved bonds and special assessments listed on the bill; our Marin County property tax guide explains how to read it. Weekly garbage service from Bay Cities Refuse is required for every Sausalito residence, so ask whether the association pays it or each owner is billed.
Sausalito condo buyer checklist
- Confirm the parcel is inside the City of Sausalito or note that county rules apply.
- Get the HOA budget, reserve study, last 12 months of minutes and any special assessment notices.
- Read the SB 326 or SB 721 balcony and deck inspection report.
- Check parking: deeded space, assigned space or street permit eligibility.
- Look up the FEMA flood zone and read the Natural Hazard Disclosure.
- Ask your lender whether the project is warrantable before you write the offer.
- Quote an HO-6 policy and ask what the master policy excludes.
- Read the leasing rules if you may rent the unit later.
For the wider market, read our Sausalito homes for sale guide and the Sausalito housing market report, or compare with Mill Valley condos. Our featured Sausalito agent can pull the sales history for a specific building.