AUGUST 6TH, 2026
254 Headlands Ct, Sausalito CA 94965
1 BD / 1 BTH
$585,000
Sale Price: $585,000
Mid-Century Modern Appeal
Special opportunity at Sausalito's Headlands community. Stylish 1BR/1BA one-level bay view condo with abundant natural light, wood flooring in common areas, high-quality carpet in the bedroom, wood burning fireplace, updated kitchen with new appliances, fresh paint and new blinds, ample closet spaces, in-unit laundry with near new front-loading washer and dryer. Fantastic opportunity to be the lucky owner of this below market rate home!! Per recorded deed restriction, buyer's gross annual income cannot exceed: 120% AMI or $168,650/yr for 1-person household; $192,800/yr 2-pers; $216,850/yr 3-pers.
Key Features & Comforts
- Designed for modern living, the interior strikes a beautiful balance between functional design and welcoming warmth which are only improved by the amazing bay views!
- Bright & Airy Living Space: The open-concept living area flows effortlessly toward an inviting kitchen, making it ideal for both relaxed evenings and casual entertaining.
- Outdoor Integration: Enjoy easy access to the breathtaking hiking trails of the Golden Gate National Recreation Area and Marin Headlands.
- Worry-Free Maintenance: HOA dues of $684 p/m cover exterior maintenance, groundskeeping, and trash removal, allowing you to focus entirely on enjoying your home.
- Convenient Parking: Includes dedicated carport parking and guest parking available.
Marin Housing’s BMR Homeownership Program offers low to moderate-income, first-time homebuyers the opportunity to purchase one of approximately 320 BMR homes throughout Marin County at prices substantially below market value. Resale Restrictions are recorded on title to ensure the property’s continued affordability and stipulate program requirements.
Income Eligibility – 120% of AMI (Moderate Income)
| Household Size | 80% AMI | 120% AMI |
|---|---|---|
| 1 Person | $108,300 | $168,650 |
| 2 People | $123,800 | $192,800 |
| 3 People | $139,250 | $216,850 |
| 4 People | $154,700 | $240,950 |
| 5 People | $167,100 | $260,200 |
| 6 People | $179,500 | $279,500 |
| 7 People | $191,850 | $318,050 |
How This Lottery Works
1) Identify a real estate agent to represent you in the homebuying process.
2) Your agent submits your name, household size, estimated gross income, and a preapproval letter from a lender to the listing agent before the deadline.
3) Marin Housing will conduct a randomized lottery after August 6th, 2026, to determine ranking of completed applications, and winners will have a week to submit a full offer package for all adults:
Completed and signed Marin Housing application including the following supporting documents:
- Income verification documents (w2, 3 recent paystubs, SSI, etc.)
- Asset verification documents (3 months statements for all checking/savings)
- First-Time Homebuyer Certificate from a HUD certified counseling agency
- A lender’s prequalification letter from a qualified BMR lender.
- Signed RRA disclosure document.
4) Eligible applicants will be invited into a purchase agreement in lottery ranking order.
Submission Instructions
For submission instructions, please contact the Listing Agent, Sandy Mahoney, at
sandy_mahoney@yahoo.com or 415-246-1848.
For general questions related to the Below Market Rate Program and the Deed Restrictions, please contact Marin Housings BMR Department at bmr@marinhousing.org or 415.491.2550
Requirements & Restrictions
- Owner-occupancy required as your primary residence.
- Renting or subletting is prohibited.
- Resale prices are restricted.
- Must meet first time homebuyer criteria and 120% AMI income limits.
Timeline & Next Steps
Application Deadline: August 6th, 2026, at 11:59pm
Lottery Date: August 7th, 2026
The top 3–5 applicants will be notified within 1–2 business days and must be prepared to advance in the purchase process. This includes providing an updated mortgage preapproval if needed.
Downpayment Assistance may be available for Eligible Households earning below 80% AMI.
EMAIL MARIN HOUSING STAFF OR VISIT OUR WEBSITE FOR INFO BMR@MARINHOUSING.ORG
