New Subdivision in Novato CA Gains Approval

Despite a somewhat rocky road in 2007, the real estate market in Marin County just seems to keep chugging along.  Yesterday, the Novato City Council approved a proposal for a small housing development on a 34-acre ridgeline just off Shevelin Road. The new project, Oak Ridge Estates, was proposed by developers KSK Properties and Jerry Frates & Associates and will consist of only four single-family homes, ranging in size between 3,000 and 4,000 square feet.

This venture is the last in a succession of projects that have been proposed for the area.  Several larger developments, including one that called for 16 hillside homes, had failed to gain approval – primarily because of environmental concerns.  The property is in an open space and, as such, is a wildlife sanctuary and home to a number of old heritage trees.

Novato is the fastest growing city in the Marin County.  Surrounded by open spaces and many easily accessible recreational activities, Novato is only about 25 – 30 miles from the Golden Gate Bridge, making it a convenient commute to San Francisco, as well as other Marin County cities.  Real estate in Novato remains one of the best bargains in Marin County, but with the accolades that have come its way recently – including having been named by BusinessWeek as the “Best Affordable Suburb” in California – property in Novato is poised to increase in value.

If Novato sounds like your kind of town, I would encourage you to check out our two brand new listings in Novato, California:

191 Crest Rd Novato  - $1,725,000

206 Albion Court Novato - $500,00
 

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