Ever more waterfront for sale--3035 Marina Drive, Alameda, CA

This is getting ridiculous. 3035 Marina Drive is the newest of nine overpriced waterfront homes either on the market or just sold/pending, split between Fernside Boulevard and Marina Drive.

Listing: 3 bedrooms, 2 bathrooms, 1,900 sqft, 4,370-sqft lot, $1,295,000 ($682 / sqft)
Public records: 2 bedrooms, 1 1/2 bathrooms, 1,605 sqft ($807 / sqft)

Fabulous waterfront home. The finest attention to every detail! Kitchen has onyx, every gourmet feature-warming oven, beverage & wine refridgerato

Here's what the waterfront looks like from a yard sign's perspective:

Of course it's massively overpriced and doesn't stand a chance in this economy given the eight comps within spitting distance, but no matter.

If they're serious about selling, the owners need to bring the price down to about $700,000, which they should have ample room to do, unless of course they HELOCed spent two Ivy League educations on their obscenely self-indulgent kitchen:

Last sale and tax info

Sold 06/17/1999: $420,000

2008 Property Tax: $6,268

Note I'm not saying $700,000 is a reasonable price for less than 2,000 sqft on one tenth of an acre, water view or not. It's excessive. But the market isn't sane yet.

Who knows, maybe they really enjoy wasting craigslist bandwidth and keeping their home in showing condition 24/7 just in case one of them Greek shipping magnates stops by and plunks down a cool million-and-a-third for their misspelled cooling appliance and onyx countertops.