Richmond's Marina Bay and Point Richmond: Waterfront Living in 2026
By Eduardo Ledesma, Real Estate Consultant & Auctioneer · DRE# 01198626
Richmond spans San Pablo Bay, and no part of the city shows it better than Marina Bay and Point Richmond. Citywide medians hold near $637,000 to $650,000, but these two waterfront pockets lead the market, with Point Richmond's median sale price around $877,000 to $925,000 over the past year. A steady stream of approvals and trail projects is reinforcing demand, and 2026 is shaping up as a pivotal year.
Major new approvals are moving forward
In May 2026 the Richmond City Council approved Marina Point, 100 units at 2100 Marina Way South: 70 three-story single-family homes plus 30 junior accessory dwelling units, on land near the Craneway Pavilion, the Rosie the Riveter Visitor Center, and the Richmond Ferry Terminal. As part of the approval, the developer will deed the waterfront parcel to the city to extend Lucretia Edwards Shoreline Park.
The same cycle brought two more projects through planning: the Quarry project at 1135 Canal Boulevard in Point Richmond (76 small-lot single-family homes) and the Cascade townhomes on Central Avenue (46 condo-style units). Together, roughly 222 units across the three sites cleared planning review in early 2026.
The waterfront keeps getting better
The city is also soliciting developers for a mixed-use waterfront project on about 4.5 acres of former rail land at Marina Bay, envisioning a full-service restaurant, an esplanade of small marine-related businesses, and housing. On the trail side, construction began in 2025 on about 2.5 miles of the Point Molate segment of the San Francisco Bay Trail, which will eventually tie the whole shoreline together.
What the market looks like right now
Point Richmond typically sells fast and at a premium: Brickyard Cove single-family homes often run $1.2 million to $1.6 million and up, while Brickyard Landing condos range from about $425,000 to $1.3 million. Marina Bay offers townhomes and condos as a more attainable waterfront option, and the Richmond ferry gets you to downtown San Francisco in roughly 30 minutes.
Buyer and seller takeaways
- Buyers: condos at Marina Bay and Brickyard Landing are the realistic entry points; get pre-approved and ready to move fast in this competitive pocket.
- Buyers: explore AC Boost and CalHFA down payment assistance, which apply in Contra Costa County.
- Sellers: stage with the bay and the ferry in mind, price from day one, and consider online bidding for transparent competition.
For a wider view of West Contra Costa, see my Richmond vs San Pablo guide and the full Richmond market report.
Considering Marina Bay, Point Richmond, or another Richmond pocket?
I have helped buyers and sellers across West Contra Costa for decades. We can discuss the pros and cons of each neighborhood. No pressure, just good information.
Schedule a ConsultationFrequently asked questions about Marina Bay and Point Richmond
How much do homes cost in Point Richmond?
The neighborhood median sale price has run about $877,000 to $925,000 over the past year. Brickyard Cove single-family homes often sell from $1.2 million to $1.6 million and up, while Brickyard Landing condos range from roughly $425,000 to $1.3 million.
Is Marina Bay a good place to buy a condo?
Yes. Marina Bay offers townhomes and condos with water views, the Bay Trail at your door, and a ferry to San Francisco, often at a fraction of Point Richmond's single-family pricing. It is one of the most practical waterfront entries in the Bay Area.
What is being built in Marina Bay?
The Marina Point project (70 single-family homes plus 30 junior ADUs) was approved in May 2026, the Quarry project adds 76 small-lot homes in Point Richmond, and the Cascade townhomes add 46 condos. The city is also seeking a developer for a mixed-use waterfront site of about 4.5 acres.