Closed Sale Price
$4,280,000
December 21, 2023
Paradise Cay · Tiburon
26 Days on Market
To live in Tiburon's Paradise Cay is to understand why people come to Marin and never leave. At 3 Mateo Drive, the Bay is not a backdrop — it is the point.
Situated on a commanding 22,500 square foot corner lot in Tiburon's Paradise Cay enclave, this four-bedroom, three-bath residence was extensively remodeled in 2019, and the result is a home that feels thoroughly of its moment while remaining deeply rooted in its place. The main level unfolds as a single open-concept living, dining, and kitchen space — expansive windows on every face, each one perfectly positioned to frame a different aspect of the water and hills beyond.
Remodel YearExtensively renovated in 2019 — a comprehensive transformation of systems, finishes, and flow
KitchenWolf range, Sub-Zero refrigerator, custom cabinetry, and walk-in pantry — a kitchen that earns the views it looks out on
Primary SuiteMain-level owner's suite with Bay views greeting you each morning — the most coveted configuration in Tiburon
Lower LevelTwo additional bedrooms, full bath, wine storage, and laundry — a complete secondary living zone
Outdoor LivingDual connected decks on the main level plus an expansive lower deck — al fresco living designed for Tiburon's exceptional climate
Lot22,500 sq ft corner parcel — extraordinarily generous for the Tiburon Peninsula, where every square foot is a premium
The backyard is a rare gift in land-constrained Tiburon: level, spacious, and full of possibility. Paradise Cay itself is one of the peninsula's most sought-after sub-neighborhoods, combining the prestige of the Tiburon address with a quiet cul-de-sac sensibility and immediate proximity to the Bay Trail, yacht clubs, and the Tiburon ferry.
Location
Market Snapshot · December 2023
Tiburon Median Price
~$2.5M+
Tiburon homes typically start above $1.5M, with waterfront-view properties regularly trading at $3M–$6M+. This sale at $4.28M positions firmly in the core of the premium segment.
Mortgage Rate
~7.5%
December 2023 saw rates near multi-decade highs — yet Tiburon's buyer pool skews heavily toward high-net-worth individuals less dependent on conventional financing.
Paradise Cay Supply
Scarce
Corner lots of 22,500+ sq ft with Bay views in Paradise Cay surface once every several years. When they do, they transact — regardless of market conditions.
26 Days on Market
Decisive
A 26-day close in December — historically the slowest month for Bay Area real estate — speaks directly to the quality of the asset and precision of its pricing.
December is when most sellers pause and most buyers retreat. Closing a $4,280,000 transaction in Tiburon at the tail end of 2023 — with rates at their peak and seasonal headwinds at full force — underscores a fundamental truth about irreplaceable real estate: the right home, priced with discipline, finds its buyer in any market.
TiburonParadise CayMarin CountyJust SoldBay ViewsLuxury2023 Market
