Lake Merritt Homes under $700,000

Welcome to Lake Merritt, a vibrant and picturesque neighborhood nestled in the heart of Oakland, California. Known for its stunning waterfront views and lush greenery, Lake Merritt offers a unique blend of urban convenience and natural beauty. This iconic area is centered around the beautiful lake itself, providing residents with a peaceful oasis amidst the hustle and bustle of city life.

The charm of Lake Merritt extends beyond its scenic landscape. The neighborhood is rich in culture and community, with a diverse array of restaurants, cafes, and shops lining its streets. Whether you’re in the mood for a leisurely stroll around the lake, a delightful brunch at a local eatery, or exploring the nearby farmers' market, there’s always something to engage and inspire you.

For homebuyers seeking affordability in this desirable location, Lake Merritt has options under $700,000. From cozy bungalows to modern condos, the housing market here offers a variety of choices that cater to different lifestyles and preferences. These homes provide an excellent opportunity to enjoy the benefits of living near the lake while still being close to Oakland’s vibrant arts scene and public transportation options.

With its welcoming community, beautiful surroundings, and accessible homes, Lake Merritt is not just a place to live; it's a lifestyle. Come discover why so many are drawn to this enchanting neighborhood, and find your perfect home in the heart of Oakland!

Newest Lake Merritt Homes under $700,000

$455,000

2 Beds ⋅ 1 Baths ⋅ 41146928 MLS

Wake up to spectacular water and mountain views every morning in this 2-bedroom, 1-bathroom condominium. Perfectly positioned in a premier Lake Merritt Oakland security building, this home offers the unique luxury of dual balcony access—step outside from both the living room and the primary bedroom to beautiful view of Lake Merritt and the rolling Oakland Hills. Designed for effortless living, the unit features a functional floor plan, ample natural light, and the peace of mind that comes with a fully secured building and one assigned parking space in the gated garage. Building amenities elevate your lifestyle with a resort-inspired courtyard pool, a barbeque area for hosting, a tranquil interior courtyard, and convenient shared laundry. Location is your biggest asset. With a Walk Score that is off the charts, you are steps away from cultural hubs—stroll to the Library, the Museum, catch the BART for an easy commute, or walk to Chinatown for fine dining. Whether you are a first-time buyer or a savvy investor, this property delivers unbeatable value and an iconic Oakland lifestyle.

1425 Lakeside Dr Unit #201, Oakland

$305,000

1 Beds ⋅ 1 Baths ⋅ 41143944 MLS

Welcome home to the desirable Jean Terrace community in Oakland's Lake Merritt District. A 1 bedroom, 1 bathroom, 622 sf, move in ready home offering a well designed floor plan, with the most serene neighborhood and city views. The interior of the home features a stylishly updated kitchen with granite countertops and updated appliances, complemented by engineered hardwood flooring, mirrored closet doors, and updated finishes. Community residents enjoy resort style amenities, including an in ground pool, relaxing sauna, secure gated entry and secure below building gated parking. Perfectly situated for urban living, as you are just steps from Lake Merritt, the vibrant Grand Avenue corridor, boutique shopping, acclaimed restaurants, neighborhood parks, and Oakland's rich cultural and historic attractions. With convenient access to freeways and public transportation, this modern, turnkey property is ideal for a first time buyer or a smart investor looking for a home in a high demand, upscale location. Don't miss this exceptional opportunity to own in one of Oakland's most sought after neighborhoods. Schedule your private showing today!

555 Jean St Unit #528, Oakland

$399,000

1 Beds ⋅ 1 Baths ⋅ 41140556 MLS

PRICE REDUCTION. The Essex is a Luxurious & Sophisticated Condominium on the shores of Lake Merritt in Oakland. Enjoy the comforts of an urban vibe and effortless lifestyle - conveniently located by Lake Merritt’s natural surroundings and downtown Oakland’s dining and shops. This stunning 1-bedroom, 1-bathroom with hardwood flooring, carpet, bathroom tiles, stainless kitchen appliances, and new paint throughout. A large living space with direct curved balcony view of Lake Merritt. 1 parking space in a secured garage, HOA amenities: 24/7 lobby front desk; Pool; Spa; Fitness Center; Library; Conference Room + more. Conveniently located near BART and public transportation.

1 Lakeside Drive Unit #410, Oakland

$635,000

41131476 MLS

1625 7th St Oakland, California, 94606 Land - 4,125 Sqft Building Area - 1498 Sqft 3 unit apartment - FULLY OCCUPIED Unit 1629 - 2 Beds and 1 bath, 592 Sqft, $1,800/ month Unit 1627 - 2 Beds, 1 Bath, 540 Sqft, $1,800/ month Unit 1625 - Studio, 366 Sqft, $800/ month Possible ADU 1/1 for Unit D Amenity-Rich, Fully Occupied Investment Opportunity Near Lake Merritt Ideally located at 1625 7th Ave in Oakland, this property is just a short 9-minute walk to Lake Merritt, renowned for its iconic “Necklace of Lights.” Residents enjoy immediate access to scenic walking paths, outdoor recreation, and one of the East Bay’s most vibrant lifestyle destinations. This fully occupied 3-unit apartment building offers an exceptional opportunity for both investors and owner-occupants, live in one unit while generating steady rental income from the others. The property benefits from excellent connectivity, with convenient access to BART, major freeways, and key employment centers. Its central location places tenants just minutes from Downtown Oakland, Uptown, and Berkeley, enhancing its long-term rental appeal. Designed for operational efficiency and ease of management, each unit is individually metered for gas and electricity, reducing owner expenses and simplifying utility allocation. Recent capital improvements include a new roof completed in October 2019, providing added peace of mind and minimizing near-term maintenance costs.

1625 7th Ave, Oakland

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