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0 Alpine Road, Portola Valley, California 94028, Portola Valley, 94028 - 5 bed, 5 bath

0 Alpine Road, Portola Valley, California 94028 home-pic-0
ACTIVE$1,988,000
0 Alpine Road, Portola Valley, California 94028
5Beds
5Baths
4,230Sqft
33,541.199Lot
Year Built
2023
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$470
HOA
-
Days on market
-
Sold On
-
MLS number
ML81936165
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.99M(16th), sqft - 4230(84th), beds - 5(72th), baths - 5(72th).

Exceptional opportunity for a developer or end user to build on this flat .77 acre lot, out of the flood zone (LOMA issued) with preliminary plans, land survey, geotechnical report, contractor bids and etc in a tranquil setting assigned to award-winning Palo Alto schools. Property is on a quiet lane off of Alpine Road so there is no traffic (punch in 4133 Alpine Road in GPS, property is next door). Plans are for a 5 bed, 4.5 bath modern two-story residence, designed by renowned M Design Architects. Though it feels removed, this one of a kind property is moments away from the Alpine Hills Swim and Tennis Club, Ladera Country Shopper, Stanford University & Shopping Center and vibrant Menlo Park and Palo Alto, while children may attend top-ranked Palo Alto schools, including Nixon Elementary (#6 Elementary School in California), Fletcher Middle (#8 Middle School in California), and Gunn High (#1 High School in California).

Price History

Date
Event
Price
07/25/23
Listing
$1,988,000
Condition Rating
Excellent
This listing is for a vacant lot with approved plans for a brand new, modern 5-bed, 4.5-bath residence. The 'Year Built: 2023' refers to the intended completion of this new construction. The provided images are architectural renderings showcasing a high-end, contemporary design for the future home, indicating that upon completion, it would be a newly built property with all new components meeting current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Prime Location & Top Schools: Situated on a quiet lane in Portola Valley, the property offers a tranquil setting with direct access to the highly acclaimed Palo Alto Unified School District, including Nixon Elementary, Fletcher Middle, and Gunn High, which are top-ranked in California.
Development Ready: Extensive pre-development work has been completed, including preliminary plans, land survey, geotechnical report, and contractor bids, significantly streamlining the building process and reducing initial buyer effort and risk.
Build-Ready Lot: The property features a flat 0.77-acre lot that is out of the flood zone (LOMA issued), providing an ideal and secure foundation for new construction.
Renowned Architectural Plans: Plans for a modern 5-bedroom, 4.5-bathroom two-story residence designed by the renowned M Design Architects are included, offering a clear vision and high-quality design for the future home.
Excellent Accessibility: Despite its tranquil feel, the property is moments away from key amenities such as Alpine Hills Swim and Tennis Club, Ladera Country Shopper, Stanford University, and the vibrant centers of Menlo Park and Palo Alto.

Cons

Unbuilt Property: The property is a vacant lot, meaning buyers must undertake the entire construction process, requiring significant additional investment beyond the purchase price and a considerable time commitment before occupancy.
Construction Costs & Management: While preliminary bids are available, the buyer will still be responsible for the substantial financial outlay and project management of building a custom home, which can be complex and costly.
Niche Market Appeal: As a development opportunity rather than a move-in ready home, this property appeals to a more specific buyer pool (developers or highly motivated custom-build clients), potentially limiting its market reach compared to existing homes.

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