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4045 Mesa, Clearlake, CA 95422

$440K3bd · 2ba · 1,324 sqft
Lot 6,534 sqft•Single Family Residence•
Active
•45d on market•MLS# LC-26188814

Property Description

Waterfront Living in Lily Cove — “The Red House” Known to locals as “The Red House” and to Airbnb guests as La Maison du Lac, this beloved waterfront retreat in the Lily Cove community of Clearlake offers the rare combination of beautiful lakefront living, income-producing potential, and thoughtful updates throughout. This 3-bedroom, 2-bath, 1,324 sq. ft. home has enjoyed a strong reputation as a successful Airbnb, with steady bookings and returning guests who have fallen in love with its waterfront setting. Step inside to find new flooring throughout, new dual-pane windows, new dishwasher and oven, plus a new pellet stove. Beautiful brickwork surrounding the pellet stove and detailed finishes in the kitchen add warmth and character to the home. The primary bedroom features unobstructed lake views, creating a peaceful retreat where you can wake up to the water every morning. Outside, the approximately four-year-old deck provides plenty of room for lounging, dining and entertaining, while the beautiful gazebo creates an ideal gathering spot overlooking the lake. And then there’s the waterfront. The pier has been redone within the last three years, along with a new Trex stairway leading down toward the gazebo, pier and boathouse. The retaining wall has also been redone, adding both function and peace of mind. A new $15,000 winch and trailer provides a convenient way to store your boat when you’re ready to step away from the water. The attached one-car garage is currently utilized more as a storage/workshop space, providing flexibility for all your lake toys, tools and equipment. Downstairs, you’ll find an additional full bathroom along with the laundry area. Why Lily Cove? Lily Cove is a sought-after waterfront community known for its lakefront setting, peaceful atmosphere, easy access to the water and strong recreational appeal. Whether you’re looking for a full-time residence, weekend getaway, vacation home or an established short-term rental opportunity, this location offers the lifestyle people come to Clearlake to enjoy. Bring your boat, your friends and your love of the water. From morning coffee overlooking the lake to evenings entertaining on the deck and gazebo, “The Red House” is more than a home—it’s a Clearlake experience. Waterfront. Private pier. Boathouse. Lake views. Established Airbnb history. And a long list of meaningful updates.

Features & Amenities

FeeBuilt 1982

Property Details

Land Type
Fee
Year Built
1982
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
1
Heating
Pellet Stove, Central
Cooling
Central Air
View
Lake
Flooring
See Remarks
City
Clearlake
Zip Code
95422
County
Lake
Listed byUnknown Office, Jennifer Perez

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,224.37
Principal & Interest
Loan Amount
$351,920
Total Interest
$448,855
Total Payment Over 30 Years
$800,775
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

Affordable Tier · 5 active · 5 closed

4045 Mesa, Clearlake, CA 95422

Clearlake · Single Family Residence

$440K
Affordable Tier
Beds
3
Baths
2
Sqft
1,324
Lot
6,534 sqft
Year
1982
$/Sqft
$332
Pool: No✓
Spa: No✓
View: water✓
Garage: 1-car✓

Listed 54.4% above the median closed sale of $285,000. Price per sqft ($332) is a 52% premium to closed comps ($218). Closed comps sold at 90% of list — buyers have negotiating leverage.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $440K· $332/sqft
Total list price
Closed comps
vs closed median $285K
+$155K (+54.4%)
Active comps
vs active median $205K
+$235K (+114.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $195
+$137 (+70.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3921 Villa AvenueClearlake1987321,3444,792$167$225,0006390
3971 Villa AvenueClearlake1969321,3004,792$107$139,5006587
3985 Oakmont DriveClearlake1980321,2322,614$340$419,00010286
15906 33rdClearlake1991321,1105,227$185$205,0009986
3771 Manchester AvenueClearlake1980221,1765,227$174$205,0009584
Total: 5 · Average2.82.01,232.44,530.4$194.6$238,70084.8
Median1,232$205,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
7293 AnchorClearlake198608/07/2026321,2228,712$360,000$353,000$2890.984791
15233 AustinClearlake197608/28/2026321,2006,970$369,000$320,000$2670.8722288
6870 StonybrookClearlake197709/21/2026321,28110,454$285,000$285,000$2221.003888
12805 Lakeshore DriveClearlake196110/09/2026321,3005,663$339,000$250,000$1920.7417486
3265 14th StreetClearlake197810/09/2026221,2484,792$160,000$150,000$1200.9410886
Total: 5 · Average2.82.01,250.27,318.2$271,600$271,600$218—117.8
Median1,248$285,000$285,000

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.