555 Palm Avenue 207, Millbrae, California 94030, Millbrae, - bed, bath

home-pic
ACTIVE$990,000
555 Palm Avenue 207, Millbrae, California 94030
2Beds
2Baths
1,537Sqft
Lot
Year Built
1975
Close
-
List price
$990K
Original List price
$990K
Price/Sqft
-
HOA
$750
Days on market
-
Sold On
-
MLS number
ML82022653
Home ConditionFair
Features
Good View:
Deck
Pool
Spa
View

About this home

This 2 bedroom 2 bath one level unit is located in the highly desirable lower Millbrae Highlands neighborhood, this spacious condo is in the heart of Millbrae. Next to Millbrae Central Park has playgrounds, tennis courts, and sports fields. This unit is uniquely situated walking distance to Downtown Millbrae with numerous stores, restaurants, the library, city hall and more. This resort-like complex features a community pool, jacuzzi, exercise room, sauna, card room and social community room to host events which has a kitchen area. This unit has a private balcony with pool and jacuzzi views. Open concept floor plan which includes a large living room and family room, separate dining area and plenty of light! 1 car assigned parking in an underground common secured garage and a private storage unit. This is a must see! Easy access to BART/Caltrain & freeways.

Price History

Date
Event
Price
09/24/25
Listing
$990,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds22
50%
Baths22
50%
Square foot1,5371,246
78%
Lot Size00
Price$990K$920K
67%
Price per square foot$644$737
44%
Built year19751989
44%
HOA$750$726
56%
Days on market43155
11%
Condition Rating
Fair

Built in 1975, this property is well-maintained but presents a mix of updated and outdated features. The kitchen has been recently renovated with modern stainless steel appliances, white shaker cabinets, and contemporary finishes. One bathroom also appears updated with a modern vanity and tiled shower. However, the other bathroom (likely the master) features a dated wood vanity, older countertop, and outdated light fixtures. Other areas, such as the entryway tile, front door, dining chandelier, and built-in cabinets, also show their age. While move-in ready, the property requires minor updates to achieve a consistent modern aesthetic throughout, particularly in the dated bathroom and other older elements.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the highly desirable lower Millbrae Highlands, offering walking distance to Downtown Millbrae's amenities (stores, restaurants, library, city hall) and adjacent to Millbrae Central Park.
Extensive Resort-Style Community Amenities: The complex boasts a community pool, jacuzzi, exercise room, sauna, card room, and social community room, providing a comprehensive and luxurious living experience.
Excellent Commuter Accessibility: Provides unbeatable access to major transportation hubs including BART, Caltrain, and freeways, ideal for Bay Area commuters.
Spacious & Bright Open Concept Living: A generous 1537 sqft one-level unit featuring an open concept floor plan with a large living room, family room, separate dining area, and abundant natural light.
Private Balcony with Desirable Views: Includes a private balcony offering pleasant views of the community pool and jacuzzi, enhancing outdoor living.

Cons

High Monthly Association Fee: The $750.0 monthly association fee is substantial and will add considerably to the overall cost of ownership.
Building Age: Constructed in 1975, the property is nearly 50 years old, which may suggest the need for potential updates to the unit's interior or common area systems in the future.
Limited Parking: Only one assigned parking space is provided for a 2-bedroom unit, which could be inconvenient for households with more than one vehicle.

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