0 Alpine Road, Portola Valley, California 94028, Portola Valley, 94028 - 5 bed, 5 bath
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Portola Valley, California 94028
Analysis of 0 Alpine Road, Portola Valley, California 94028 is currently available with a list price of $1,988,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Portola Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
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.
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.
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.
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.
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.
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.
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.
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).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,230 | 3,380 |
| Lot Size | 33,541.199 | 48,743 |
| Price | $1.99M | $4.30M |
| Price per sq ft | $470 | $1.6K |
| Built year | 2023 | 1955 |
| HOA | $0 | $140 |
| Days on market | 1093 | 81 |
Jul 25, 2023
$1,988,000
Initial Listing