JUNE 18TH, 2026
152 Larkspur Plaza Dr, Larkspur CA 94939
1 BD / 1 BTH
$379,200
Sale Price: $379,200
This charming top-level condo at 152 Larkspur Plaza Drive offers mid-century modern appeal, everyday comfort, and low-maintenance living in the desirable Larkspur Isle community. Located in the heart of Marin County, this 1-bedroom, 1-bath home features approximately 720 square feet with a bright, open layout, an efficient kitchen, and easy indoor-outdoor flow. The home includes dedicated covered carport parking and extra storage, adding convenience for everyday living. Residents of Larkspur Isle enjoy beautifully maintained landscaped greenbelts, pathways, a community pool and clubhouse. HOA dues are currently listed at $855 per month and cover exterior maintenance, water, trash, and landscaping. Ideally situated near top-tier schools, parks, shopping, Highway 101, local transit, and the Larkspur Ferry Terminal, this condo offers a comfortable and convenient Marin lifestyle with strong walkability and biking access.
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.
| 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 form a lender to the listing agent before the deadline.
3) Marin Housing will conduct a randomized lottery after June 18th, 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, Rachel Percival, at Rachel.Percival@compass.com or 415.933.7681
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: June 18th, 2026, at 11:59pm
Lottery Date: June 19th, 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
