12544 Corbetta Lane, Los Altos Hills, California 94022, Los Altos Hills, 94022 - 3 bed, 3 bath
Loading property details...
Los Altos Hills, California 94022
This Premier Development Site represents a Prime Investment Opportunity with a List Price of $3,998,000—positioned below the $4,158,817 Fair Market Value by 3%. This valuation gap offers $160,817 in Instant Equity for a property where the primary value is anchored in the 1.05-acre level lot. Holding a Condition Rating of 6, the site features expansive valley views, a 6-car garage with apartment, and access to highly regarded Los Altos schools. This is a high-upside acquisition for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12544 Corbetta Lane Subject | $3,998,000* List Price | 3 | 3 | 2,487 | $1,672 | - |
A 12130 Foothill Lane Sold | $4,457,000 | 4 | 3 | 2,489 | $1,791 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The listing explicitly states that the primary value is in the land and frames the property as an opportunity for new construction. Built in 1973 with no significant updates, the structure appears weathered, the driveway is cracked, and the pool is unmaintained (green), indicating the home 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 = 45738, living area = 2487.
The approximately 1.05-acre level parcel at the end of a private cul-de-sac offers a rare and expansive canvas for a custom luxury estate in a prestigious neighborhood.
Ideally situated within 3 miles of Los Altos Village and served by highly-regarded Los Altos schools, this property combines suburban tranquility with convenient access to top-tier amenities.
The original 1973 residence is likely a teardown or requires a total renovation, as the listing indicates the primary value is in the land and its future possibilities.
Prospective buyers must navigate complex local zoning regulations to determine Maximum Floor Area (MFA) and Maximum Development Area (MDA), which could impact the scale of new construction.
Set at the end of a cul-de-sac surrounded by estate properties, this approximately 1.05-acre parcel presents a compelling opportunity for new construction. The level land offers expansive open areas, a redwood grove, and mature Japanese maples, creating an ideal setting for a future estate (development potential MFA and MDA should be determined with the town of Los Altos Hills by potential buyer). A circa 1973 two-story original home, detached 6-car garage with apartment, and a pool and spa remain, though the primary value is in the land and its possibilities. The location is just 1.5 miles to Highway 280 and less than 3 miles to Los Altos Village and Rancho Shopping Center, all served by highly regarded Los Altos schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 31% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,487 | 2,635 | 41% |
| Lot Size | 45,738 | 19,740 | 79% |
| Price | $4.00M | $5.00M | 21% |
| Price per sq ft | $1.6K | $1.8K | 34% |
| Built year | 1973 | 1961 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 92 | 7% |
Apr 16, 2026
$3,998,000
$4,995,000
-20% Price Drop
Initial Listing
Mar 31, 2026
$4,995,000
Initial Listing
Sep 27, 2005
$337,500
Public Record
Apr 4, 2005
$2,175,000
Public Record
Oct 26, 2004
$1,988,500
Public Record