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8765 Terrace Drive, El Cerrito, CA 94530

$2.50M4bd · 3ba · 3,276 sqft
Lot 19,900 sqft•Single Family Residence•
Active
•35d on market•MLS# 00-41147625

Property Description

First time on the market in 50 years, this once-in-a-generation single-level estate at 8765 Terrace Drive in El Cerrito sits on nearly half an acre of completely flat, usable land behind a private entry gate. The sprawling, park-like grounds set the stage for a home built for entertaining, with panoramic views enjoyed from the kitchen, formal dinning room, living room, and primary suite. Vaulted tongue-and-groove wood ceilings grace the formal dining room, living room, and primary suite, while the gourmet kitchen showcases a 60” Viking stove and beautiful cabinetry, opening to a wooden deck on one side and a sunken family room on the other. The 4-bedroom, 2.5 bath layout is complemented by a detached, temperature-controlled wine room holding up to 500 bottles with its own side patio. A three-car garage with deep storage closets, and a generous garden shed tucked behind the garage add to the high points of this home. Owned solar panels paired with two Enphase battery backup system, two central heating and air conditioning units, and low-maintenance and manicured yard round out this rare offering - a true legacy home ready for its next family. Views: Downtown

Features & Amenities

FeeBuilt 1939

Property Details

Land Type
Fee
Year Built
1939
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Forced Air
Cooling
Central Air
View
Bay, Bridge(s), City Lights, Hills, Panoramic
Flooring
Carpet, Tile, Wood
Roof
Shingle
City
El Cerrito
Zip Code
94530
County
Contra Costa
Listed byThe Agency, Mark Choi

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$12,631.25
Principal & Interest
Loan Amount
$1,998,400
Total Interest
$2,548,849
Total Payment Over 30 Years
$4,547,249
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 4 active · 5 closed

8765 Terrace Drive, El Cerrito, CA 94530

El Cerrito · Single Family Residence

$2.50M
Luxury Tier
Beds
4
Baths
3
Sqft
3,276
Lot
19,900 sqft
Year
1939
$/Sqft
$763
Pool: No✓
View: city✓

Listed 38.8% above the median closed sale of $1,800,000. Price per sqft ($763) is a 12% premium to closed comps ($682). Closed comps sold at 133% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $2.50M· $763/sqft
Total list price
Closed comps
vs closed median $1.80M
+$698K (+38.8%)
Active comps
vs active median $1.75M
+$748K (+42.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $601
+$162 (+27.0%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1234 Contra Costa DrEl Cerrito1950342,84011,900$616$1.75M3258
1140 Arlington Blvd.El Cerrito1966532,80310,000$606$1.70M1856
885 Shevlin DrEl Cerrito1955432,7385,750$474$1.30M2354
857 Balra DrEl Cerrito1949442,8234,600$708$2.00M13751
Total: 4 · Average4.03.52,8018,062.5$601$1.69M52.5
Median2,823$1.75M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
955 Galvin DrEl Cerrito196908/10/2026443,2227,700$1.45M$1.80M$5591.242571
6025 Jordan AveEl Cerrito197805/22/2026432,5096,300$899,000$1.52M$6061.692266
8505 Maiden LnEl Cerrito199708/28/2026432,69912,790$1.70M$1.70M$6301.007059
7355 Stockton AveEl Cerrito195006/05/2026432,4678,800$1.29M$2.23M$9021.722255
8640 Terrace DrEl Cerrito194809/04/2026552,5335,600$1.80M$1.80M$7131.0012755
Total: 5 · Average4.23.62,6868,238$1.81M$1.81M$682—53.2
Median2,533$1.80M$1.80M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.