
Cupertino, California 95014
This property presents a High-Potential Investment Opportunity with a List Price of $3,999,000—positioned well below the $4,055,791 Fair Market Value by 1%. This valuation gap offers $56,791 in Instant Equity. Featuring a Condition Rating of 6, the existing structure is a candidate for redevelopment. With an Approved Tentative Map Lot Split and Planning Approval for a 4,383 SF residence, this asset is ideal for Real Estate Developers or Custom Home Builders seeking to capitalize on the elite Cupertino School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10621 Madera Drive Subject | $3,999,000* List Price | 3 | 2 | 1,632 | $2,485 | - |
A 10621 Madera Drive Active | $3,999,000 List Price | 3 | 2 | 1,632 | $2,450 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1958 with no recorded renovations, this property is being marketed primarily for its land value and development potential. The listing highlights an approved lot split and planning approval for a new 4,383 SF residence, indicating the existing structure is at the end of its functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33482, living area = 1632.
The property includes an approved tentative map lot split for two separate APNs and planning approval for a 4,383 SF residence, significantly accelerating the timeline for developers or custom home builders.
At 0.77 acres (33,482 SF), this estate-sized lot is a rare find in Cupertino, featuring a serene creekside setting and mountain views that offer unparalleled privacy and space for luxury amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =33482, other record lot size in square feet = 38037.
The original 1958 residence is relatively small at 1,632 SF and likely requires a complete teardown or extensive renovation to align with the property's multi-million dollar land value.
With a list price near $4M, the acquisition represents a significant upfront investment that necessitates substantial additional capital to execute the approved development plans.
Rare opportunity to own an exceptional 33,482 SF (0.77-acre) estate sized property in one of Cupertino's most desirable neighborhoods. Offering a unique combination of privacy, flexibility, and future potential, this property is situated within the highly acclaimed Cupertino School District, (Kennedy & Monta Vista.) The oversized lot is by a serene creekside setting along the rear of the property, creating a peaceful & picturesque backdrop. With space for outdoor entertaining, gardening, ADUs, generational living, or a custom family compound, the possibilities are endless. The property benefits from an approved tentative map lot split, with City approval in place for 2 separate APNs, providing future flexibility & long-term value. Planning approval for a 2-story, 4,383 SF residence, allowing a future owner to accelerate the development process . Conveniently located near Stevens Creek Blvd, Foothill Expwy, & 85/280, the property provides excellent access throughout Silicon Valley while maintaining the charm and tranquility of a quiet residential setting. Enjoy close proximity to Apple Park, De Anza College, Rancho San Antonio Open Space Preserve, premier shopping & dining destinations, and many of the region's leading technology employers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,632 | 2,288 |
| Lot Size | 33,482 | 6,830 |
| Price | $4.00M | $3.54M |
| Price per sq ft | $2.5K | $1.6K |
| Built year | 1958 | 1958 |
| HOA | $0 | $0 |
| Days on market | 42 | 31 |
Jun 11, 2026
$3,999,000
Initial Listing
Jan 22, 2024
$3,150,000
Public Record
Mar 27, 2023
$2,215,000
Public Record