1061 Porto Marino Drive, San Carlos, California 94070, San Carlos, 94070 - 4 bed, 2 bath
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San Carlos, California 94070
This High-Potential Investment Opportunity is listed at a List Price of $3,250,000, positioned well below the $3,347,933 Fair Market Value by 2%, providing $97,933 in Instant Equity. Featuring a Turn-Key Remodeled Condition with modern finishes and a 12,189 sqft tiered lot, the property includes approved plans for a 3,700 sqft expansion. Located near Top-Rated Schools like Carlmont High, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking significant long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1061 Porto Marino Drive Subject | $3,250,000* List Price | 4 | 2 | 2,000 | $1,674 | - |
A 22 Dickens Court Sold | $3,450,000 | 4 | 3 | 1,820 | $1,896 | 0.4 mi |
B 3342 Melendy Drive Sold | $4,150,000 | 4 | 3 | 2,480 | $1,673 | 0.6 mi |
C 836 Bauer Court Sold | $3,702,000 | 4 | 2 | 2,270 | $1,631 | 0.5 mi |
D 622 Terrace Road Sold | $3,525,000 | 3 | 3 | 2,120 | $1,663 | 0.5 mi |
E 1100 Greenbrier Road Sold | $3,270,000 | 4 | 3 | 2,611 | $1,252 | 0.5 mi |
F 2139 Greenwood Avenue Active | $3,588,000 List Price | 4 | 4 | 2,352 | $1,526 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has been tastefully remodeled with a modern kitchen featuring stainless steel appliances and shaker cabinetry. The home includes newer Anderson dual-pane windows, updated light fixtures, and interior doors. The exterior is in mint condition with high-end hardscaping and a professional outdoor kitchen, meeting the criteria for a recent high-quality renovation with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12189, living area = 2000.
The property includes architectural plans for a 3,700 sqft, 5-bedroom modern luxury home, offering substantial value-add potential for investors or buyers looking to customize a larger residence.
Situated on an expansive 12,189 sqft tiered lot, the backyard is a private retreat featuring a built-in BBQ, sink, and mature landscaping, ideal for high-end outdoor living.
With a list price of $3.25M for the current 2,000 sqft structure, the property is priced at a significant premium that heavily factors in the future development potential.
The tiered nature of the large lot, while aesthetically pleasing, may limit seamless yard utility and accessibility compared to a traditional flat parcel.
Tastefully remodeled single-story home in Beverly Terrance neighborhood. This house offers an open floor plan on an extra-large useable tiered lot with mature landscaping. Formal entry leads into the spacious living room and family room, dining area and kitchen combination. Wood and tile flooring throughout. Easy access to the gorgeous backyard thru the family room. This dream back yard is perfect for entertaining with Barbeque grill and sink. There are newer Anderson dual pane windows, light fixtures, all interior doors, fencing and hardscape. It is in close proximity to vibrant DT San Carlos, nature and hiking trails in Eaton, Big Canyon and Highland Parks and HWYs 280 & 101. Excellent San Carlos schools, Heather elementary, Tierra Linda Middle and Carlmont High. There are plans for expansion to an approx. 3,700 sqft , five bedrooms 5 1/2 bathrooms two story gorgeous modern style house w/ open floor plan. There are front and rear exterior facades of the proposed expansion as the last two pictures. Interested parties can view the plans by request.
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades 5-8 • 2.8 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 2,000 | 2,100 | 41% |
| Lot Size | 12,189 | 7,000 | 81% |
| Price | $3.25M | $2.85M | 67% |
| Price per sq ft | $1.6K | $1.4K | 77% |
| Built year | 1960 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 104 | 1% |
Jun 1, 2026
$3,250,000
Initial Listing
Jul 15, 2021
$2,653,000
Public Record
Dec 30, 2016
$1,876,000
Public Record