111 Lucero Way, Portola Valley, California 94028, Portola Valley, 94028 - 4 bed, 3 bath
Loading property details...
Portola Valley, California 94028
This Move-In Ready Ladera Residence is a Strong Value Opportunity, listed at $3,795,000—positioned well below the $4,089,187 Fair Market Value by 7%. This valuation gap provides $294,187 in Instant Equity. The property maintains a Good Condition Rating, featuring a private primary retreat with a deck, a sunken sunroom, and modern Ethernet wiring. Set on a rare flat lot, it offers access to the 10/10 rated Las Lomitas Elementary School. This is an exceptional acquisition for Owner-Occupants seeking a prestigious lifestyle or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 111 Lucero Way Subject | $3,795,000* List Price | 4 | 3 | 2,358 | $1,734 | - |
A 670 La Mesa Drive Sold | $3,850,000 | 3 | 2 | 1,960 | $1,964 | 0.1 mi |
B 630 La Mesa Drive Sold | $4,275,000 | 4 | 3 | 2,350 | $1,819 | 0.0 mi |
C 375 La Cuesta Drive Sold | $3,300,000 | 3 | 2 | 1,780 | $1,854 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1955 home is in move-in ready condition and has been well-maintained with several modern updates. It features high-quality hardwood flooring, recessed lighting, and a refreshed kitchen with stainless steel appliances and updated hardware. While the kitchen retains some older elements like tile countertops and traditional cabinetry, the overall presentation is clean and functional. The property benefits from modern essentials like centralized Ethernet and an alarm system, placing it firmly in the 'good' category despite its vintage infrastructure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12016, living area = 2358.
Elementary School: Las Lomitas Elementary School (10/10).
Situated on a rare, flat cul-de-sac lot, this property offers exceptional walkability to the Ladera Recreation Center and local shopping while providing easy access to Highway 280.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2358, other record living area = 1990.
Built in 1955, the property may require ongoing maintenance or updates to its older systems to meet the expectations of modern luxury buyers.
At nearly $3.8M for approximately 2,358 square feet, the high price per square foot may be a deterrent for buyers seeking more interior living space for their investment.
Set on a rare, relatively flat .28-acre cul-de-sac lot in the heart of Ladera, this 4BD/3BA home offers an ideal blend of location, layout, and everyday livability. Quiet, safe, and incredibly convenient, it's just a short stroll to the Recreation Center with pool, tennis, and more, as well as the Ladera Shopping Centers restaurants, cafés, and grocery, with easy access to Highway 280. The home features a well-designed, highly functional floor plan with great flow between living spaces and bedrooms. The main level includes a sunken sunroom with skylights, an eat-in kitchen with floor-to-ceiling storage, and a living room with a wood-burning fireplace. Three bedrooms are on the main level, including one ensuite, plus a private den or home office. Upstairs, the oversized primary suite is a true retreat with private deck, walk-in cedar closet, and separate double vanity. The expansive lot creates a true outdoor oasis with terraced planters, generous activity space, and room to relax, play, and entertain. Modern essentials include an ADT alarm, centralized Ethernet/coax wiring, an oversized two-car garage, and laundry. Located within the highly regarded Las Lomitas School District, this is a rare opportunity to own a move-in ready home in one of Laderas most desirable neighborhoods.
No exterior & parking available.
Grades K-3 • 1.7 mi
Grades K-3 • 2.5 mi
Grades 4-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.5 | 50% |
| Square foot | 2,358 | 2,930 | 41% |
| Lot Size | 12,016 | 18,489 | 27% |
| Price | $3.79M | $3.96M | 36% |
| Price per sq ft | $1.6K | $1.3K | 68% |
| Built year | 1955 | 1967 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 188 | 5% |
Apr 9, 2026
$3,795,000
Initial Listing
Feb 16, 1996
$685,000
Public Record