120 Deer Meadow Lane, Portola Valley, California 94028, Portola Valley, 94028 - 5 bed, 4 bath
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Portola Valley, California 94028
This Value-Add Luxury Estate represents a strategic acquisition within Portola Valley’s exclusive Golden Hills. Listed at $8,995,000, the property is positioned near its $8,577,359 Fair Market Value, reflecting a stable valuation for this premier 2.6-acre lot. Currently holding a Fair Condition Rating, the 5,200 sqft residence features a newly resurfaced pool, spa, expansive deck, and panoramic Windy Hill views. The massive acreage and orchard provide a rare foundation for a high-ROI renovation or a bespoke dream home rebuild. This is a premier opportunity for Luxury Developers or Visionary Owner-Occupants seeking to capitalize on a world-class location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Deer Meadow Lane Subject | $8,995,000* List Price | 5 | 4 | 5,200 | $1,649 | - |
A 7 Redberry Active | $8,748,000 List Price | 5 | 8 | 7,180 | $1,218 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old), the property is well-maintained and 'highly livable' but remains largely dated. The kitchen features a surface-level refresh with modern stone counters and stainless appliances, but the cabinetry and overall aesthetic reflect older standards. The listing description explicitly identifies the home as an opportunity for 'transformation' and 'renovation,' placing it firmly in the Fair category based on age and the need for modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 114116, living area = 5200.
Situated on approximately 2.6 acres, the property offers rare privacy and breathtaking views of Windy Hill, providing a serene and prestigious setting in the Golden Hills area.
The 5,200 sqft home features a predominantly single-level floor plan with generous scale and abundant natural light, making it highly functional for modern living and entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5200, other record living area = 3140. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1980, the home may require significant aesthetic or structural updates to meet the expectations of buyers looking for contemporary luxury finishes at this price point.
While the home is mostly single-level, the primary suite is located upstairs, which may be a drawback for buyers specifically seeking a fully accessible single-story layout.
Expansive grounds and sweeping Windy Hill Views define this extraordinary property in a premier and private Golden Hills setting. Spanning approximately 2.6 acres the property unfolds with open meadows, magnificent oaks, a prolific orchard, and a newly resurfaced pool and spa. The home is spacious, flexible, bright and welcoming--one that is immediately comfortable and highly livable. The predominantly single-level floor plan, fully oriented to the spectacular views, with an upstairs primary suite, offers generous scale, abundant natural light, and a seamless connection to the surrounding landscape. The garden and the home create a magical place for exploration, imagination and outdoor play. At the same time, the property presents an exceptional long-term opportunity. The expansive acreage, extraordinary views, and quiet, coveted location provide an ideal foundation for further transformation whether through renovation or the creation of a dream home. The result is a property that offers both immediate enjoyment and significant potential in one of Portola Valley's most sought-after settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 5,200 | 3,070 | 95% |
| Lot Size | 114,116 | 21,045.5 | 95% |
| Price | $8.99M | $4.01M | 95% |
| Price per sq ft | $1.7K | $1.3K | 73% |
| Built year | 1980 | 1968 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 189 | 5% |
Apr 15, 2026
$8,995,000
Initial Listing
Apr 2, 2010
$4,267,500
Public Record