SEPTEMBER 18TH, 2025

318 Larkspur Plaza, Larkspur, CA 94939

2 BD/ 2 BTH CONDOMINIUM

$428,700

Empty room with white walls, gray carpet, and a large window.
Empty room with off-white walls, a window, and a patterned carpet in a grayscale color scheme.
Empty room with patterned carpet, textured white wall, and sliding glass door.
Empty room with a large window and patterned carpet.
Empty bedroom with mirrored closet doors, carpet, and open doorway.
White-walled apartment with an open kitchen featuring white cabinets and a breakfast bar.
A small, white kitchen with appliances, cabinets, and a countertop, in a narrow apartment.
Small, white kitchen with white cabinets, stove, refrigerator, and countertop.
White closet shelving system with wire baskets, set against a white wall.
Bathroom with white sink, counter, cabinets, mirror, and medicine cabinet.
White bathtub and shower with built-in shelves. Silver fixtures, light-colored walls and floor.
Bathroom with a sink, mirror, and a three-light fixture. Beige and white tones.

Sale Price: $428,700

Spacious ground floor, 957 Square foot, two-bedroom/two-bathroom Below Market Rate (BMR) condo in Larkspur has become available to households with a total annual income up to 120% of the Area Median Income (AMI). The home is in the Larkspur Isle Condo Complex. Home features new LVP flooring in kitchen and baths, new paint throughout, new range hood, new electrical panel, switches, and outlets. The master bath has a new tub and shower surround and. Kitchen includes electric range, dishwasher, refrigerator. HOA Fees are $870 p/m.


Marin Housing’s BMR Homeownership Program offers low to moderate income, first-time homebuyers the opportunity to purchase one of 320 BMR homes throughout Marin County at prices that are substantially below the market value. Resale Restrictions are recorded on title to ensure the property’s continued affordability and stipulate the requirements of BMR ownership.


When a BMR becomes available, a lottery is drawn from among names of eligible households who’ve applied and are actively enrolled in the BMR Lottery Pool by 11:59PM of September 17th, 2025. Application instructions are available here: www.MarinHousing.org/below-market-rate-program or by scanning the QR code on this page.


The lottery drawing is for this BMR is scheduled for September 18th, 2025, and the top 3 to 5 winners will be promptly notified and asked to provide a mortgage preapproval letter at that time.

Household Size 120% AMI
1 $156,700
2 $179,150
3 $201,550
4 $223,900

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

WWW.MARINHOUSING.ORG/BELOW-MARKET-RATE-PROGRAM

Access Online Application or Download Application Here Below Market Rate (BMR) Lottery Drawings