2029 Otis Dr Unit P
Higher is a better buy. 50 is "priced about right for what it is". The last step curves the raw advantage onto 0–100, so points stop being one-for-one at the extremes.
💵What this unit actually costs per month
28% of that payment is not the mortgage. The HOA fee alone is $35,280 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $4,017.
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($588 in 2026), not enough for a trend yet. The listing shows $588/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- Garage parking
- Low HOA (1.2%/yr)
⚠️ Cons
- 11% above model fair value
- HOA $588/mo
- Older building (1968)
🚩 Red flags
- Listed BELOW its 2021 sale ($665k) → value eroding
Photos
Price history (this unit)
- Sep 8, 2026 — Listed $629,000
- Oct 4, 2021 — Sold (MLS) $665,000
- Oct 4, 2021 — Sold (Public Records) $665,000
- Aug 19, 2021 — Listed $575,000
- Feb 18, 1987 — Sold (Public Records) $105,000
Description
Live two blocks from the sand and surf with everything else close at hand. This top-floor, two-bedroom, two-bath condo sits in the heart of Alameda’s vibrant waterfront neighborhood just blocks from South Shore Center and the shops and restaurants of Park Street, with the beach nearby for beach sunset gazing, morning dips, and weekend sunbathing. For boaters and water lovers, the community offers something rare: a private dock with direct lagoon access just outside your door. Keep a kayak or paddle board ready to go, no commute required. Back on shore, the community pool offer a great places to unwind. Inside, large windows bring abundant natural light into the living spaces, while white…