
San Mateo, California 94402
This Mid-Century Residential Asset is a High-Potential Investment Opportunity, listed at $2,788,000—positioned well below the $2,822,363 Fair Market Value by 1.2%. This valuation gap offers $34,363 in Instant Equity. Featuring a 16,886-square-foot lot, swimming pool, and panoramic views, the home maintains a Condition Rating of 4, requiring modernization. Located near Highlands Elementary, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a rare, large-lot estate in San Mateo.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1245 Laurel Hill Drive Subject 4 bd · 2 ba · 1,770 sqft · $1,595 | $2,788,000* List Price | 4 | 2 | 1,770 | $1,595 | - |
A 1581 Ascension Drive Sold 4 bd · 3 ba · 2,240 sqft · $1,214 · 0.9 mi | $2,720,000 | 4 | 3 | 2,240 | $1,214 | 0.9 mi |
B 2015 Ticonderoga Drive Active 3 bd · 2 ba · 1,650 sqft · $1,508 · 0.9 mi | $2,488,888 List Price | 3 | 2 | 1,650 | $1,508 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966 and offered by the original owners for the first time, this home is exceptionally well-maintained but remains largely in its original mid-century state. While the staging shows well, the gold-trimmed mirrored closets, older sliding glass doors, and 58-year age indicate the property is dated and will require cosmetic updates and likely system (HVAC/Electric) modernizations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16886, living area = 1770.
The property sits on a rare 16,886-square-foot lot featuring a resort-style backyard with a swimming pool, hot tub, and spacious entertaining areas, offering exceptional privacy and outdoor living potential.
Positioned to capture stunning views of the Crystal Springs Reservoir and the Coastal Range, the home’s mid-century design maximizes natural light throughout its well-proportioned layout.
Held by the original owners since 1967, the home likely requires a comprehensive interior renovation to update its systems and finishes to meet contemporary luxury standards.
At a list price of $2.788M for 1,770 square feet of living space, the property commands a high price per square foot, which may be a deterrent for buyers prioritizing interior volume over lot size.
For the first time since 1967, this charming San Mateo mid-century home, cherished by its original owners since it was built, is now being offered. Set on an expansive, approximately 16,886-square-foot lot, the home is filled with natural light and offers scenic views toward Crystal Springs Reservoir and the Coastal Range. With approximately 1,770 square feet of living space, it features 4 bedrooms, 2 bathrooms, and a well-proportioned layout with wonderful potential to make it your own. The private, resort-style backyard is ideal for relaxing and entertaining, with a swimming pool, spacious poolside entertaining area, and secluded hot tub just outside the primary suite. A rare three-car garage, abundant storage, and ample driveway parking add to the home's appeal. Nestled in the San Mateo Highlands neighborhood, residents enjoy a strong sense of community, access to the Highlands Recreation Center and Highlands Elementary School, and beloved neighborhood traditions, including the annual Fourth of July parade and fireworks. A rare opportunity to make this special home your own in one of San Mateo's most welcoming communities. Your next chapter starts here- welcome home!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.5 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,770 | 1,743.298 |
| Lot Size | 16,886 | 6,079.649 |
| Price | $2.79M | $2.26M |
| Price per sq ft | $1.6K | $1.4K |
| Built year | 1966 | 1952 |
| HOA | $30.0 | $387 |
| Days on market | 10 | 33 |
Oct 14, 2026
$2,788,000
Initial Listing