1008 Porto Marino Drive, San Carlos, California 94070, San Carlos, 94070 - 4 bed, 4 bath
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1008 Porto Marino Drive
San Carlos, California 94070
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
4Baths
2,233Sq Ft
15,610Lot Size
Property Price
LIST PRICE$3,589,000
EST. MARKET VALUE
$3,746,875
4% BelowMARKET VALUE
SUMMARY
This Stunning Rebuilt Single Family Residence represents a High-Potential Investment Opportunity, listed at $3,589,000—positioned well below the $3,746,875 Fair Market Value by 4%. This valuation gap offers $157,875 in Instant Equity for the buyer. Featuring a Condition Rating of 2 (essentially new construction), the home offers a modern open floor plan, high-end appliances, and a private lot backing to hiking trails with Canyon and Hill Views. This is an ideal acquisition for Owner-Occupants or discerning buyers seeking a turnkey, nature-adjacent lifestyle.
Estimated Market Value
$3,746,875+$157,875 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Carlos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1008 Porto Marino Drive Subject | $3,589,000* List Price | 4 | 4 | 2,233 | $1,678 | - |
A 622 Terrace Road Sold | $3,525,000 | 3 | 3 | 2,120 | $1,663 | 0.5 mi |
B 836 Bauer Court Sold | $3,702,000 | 4 | 2 | 2,270 | $1,631 | 0.4 mi |
C 22 Dickens Court Sold | $3,450,000 | 4 | 3 | 1,820 | $1,896 | 0.5 mi |
D 354 Devonshire Boulevard Sold | $2,925,000 | 4 | 2 | 1,940 | $1,508 | 0.8 mi |
E 3342 Melendy Drive Sold | $4,150,000 | 4 | 3 | 2,480 | $1,673 | 0.6 mi |
F 145 Devonshire Boulevard Sold | $3,475,000 | 4 | 3 | 2,400 | $1,448 | 0.7 mi |
G 915 Crestview Drive Sold | $3,400,000 | 4 | 3 | 2,982 | $1,140 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has been essentially rebuilt from the studs, providing the condition and finish of new construction. It features a brand-new modern kitchen with high-end Thor appliances, completely updated bathrooms with contemporary fixtures, new wide-plank flooring, and updated systems throughout, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15610, living area = 2233.
- Modern Reconstruction
Essentially rebuilt from the studs, this home offers the efficiency and aesthetic of new construction, featuring a contemporary open floor plan and high-end finishes throughout.
- Premium Lot and Privacy
The expansive 15,610 sqft lot backs directly to hiking trails and open space, providing a rare sense of privacy and scenic canyon and hill views.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2233, other record living area = 1170. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Market Resistance
The property has undergone multiple price cuts within the first 30 days, suggesting the initial list price was significantly above current market expectations for the area.
- School District Ratings
The assigned public schools carry moderate ratings (5-6/10), which may be a drawback for families specifically targeting the highest-rated academic districts in the San Carlos region.
About 1008 Porto Marino Drive
Essentially rebuilt from the studs, this stunning two-story San Carlos home offers the feel, function, and finish of new construction in a highly desirable setting. With four bedrooms, three and one-half bathrooms, and approximately 2,233 square feet of thoughtfully designed living space, the home features a bright open floor plan ideal for modern living. The main level includes inviting living and dining areas, a beautifully designed kitchen, pantry, powder room, and convenient garage access. Upstairs, the spacious bedroom layout includes a comfortable family room area, creating flexibility for everyday living, work, or play. Set on a view lot, the property enjoys a special sense of privacy with the top of the lot backing to hiking trailsideal for those who love nature, open space, and easy access to the outdoors. A rare opportunity to own a beautifully rebuilt home in a sought-after San Carlos location. Seller motivated - New Price And Ready to sell!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 15,610 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Carlos Unified Schools
Clifford Elementary School
Grades K-8 • 0.8 mi
6/10
John F. Kennedy Middle School
Grades 5-8 • 2.8 mi
5/10
Sequoia High School
Grades 9-12 • 2.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 2.6 |
| Square foot | 2,233 | 2,008.406 |
| Lot Size | 15,610 | 6,260.938 |
| Price | $3.59M | $2.69M |
| Price per sq ft | $1.6K | $1.4K |
| Built year | 1960 | 1953 |
| HOA | $0 | $0 |
| Days on market | 49 | 34 |
Pricing History
Listed for Sale
Aug 17, 2026
$3,589,000
$3,690,000
-3% Price Drop
Initial Listing
Price Change
Aug 4, 2026
$3,690,000
$3,850,000
-4% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$3,850,000
Initial Listing
Sold
Aug 5, 2025
$2,200,000
Public Record
Sold
May 10, 2024
$1,860,000
Public Record