128 128 Diablo View Dr, Orinda, California 94563, Orinda, 94563 - 5 bed, 4 bath
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Orinda, California 94563
This Gated Orinda Estate is a Strong Value Opportunity, listed at $2,650,000—positioned well below the $2,895,000 Fair Market Value by 8%. This valuation gap offers $245,000 in Instant Equity for the incoming owner. The property maintains a Good Condition Rating following a high-end cosmetic refresh of its 4,579 sqft interior, which features a main-level primary suite and vaulted ceilings. Set on a massive 1.5-acre lot with spectacular hill views, it is zoned for elite schools including Acalanes High. This is an exceptional acquisition for Luxury Home Buyers or Owner-Occupants seeking a private sanctuary with built-in financial upside.
Property is move-in ready.
The property is move-in ready and has undergone a significant recent 'refresh' that includes modern wide-plank flooring, recessed lighting, and updated fixtures. The kitchen features new quartz countertops and a white tile backsplash paired with custom-painted cabinetry and stainless steel appliances. While the home shows beautifully with high-quality cosmetic updates, it retains its 1962 bones and the renovation appears to be a high-end cosmetic overhaul rather than a full-scale new construction or down-to-the-studs renovation, placing it firmly in the 'good' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 67000, living area = 4579.
Elementary School: Happy Valley Elementary School (9/10). Middle School: Orinda Intermediate School (9/10). High School: Acalanes High School (10/10).
The property is zoned for top-rated schools with scores of 9 and 10, including Miramonte High and Happy Valley Elementary, providing exceptional value for families.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4579, other record living area = 2894. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
A significant price reduction from the original list price of $2.895M to $2.65M suggests the property may have struggled with initial market positioning.
Built in 1962, the home may require additional investment in aging core systems or further modernization beyond the recent cosmetic refreshments.
Amazing new price for this wonderful gated estate property with spectacular views of Orinda hills! Situated on a court, this private property is conveniently located close to town and commute routes. The recently refreshed 4579 sqft home boasts a versatile floorplan with wonderful natural light and plenty of space for entertaining and day-to-day living. The striking foyer opens into an elegant living room with high ceiling, fireplace, views and access to the sunroom. The generous dining room is adjacent to the kitchen. The kitchen features custom color cabinetry, Quarts countertops, white tile backsplash and a butler's pantry. The primary suite and two bedrooms & bath are located on the main level. There is a large family room with a fireplace and backyard access at the lower level. The expansive backyard offers different venues, including a lawn, space for play structure/trampoline, gazebos for relaxation, space for gardening and amazing views. Welcome to Orinda, a highly desirable community with award wining schools, open space and natural beauty.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 75% |
| Baths | 4.0 | 3.0 | 58% |
| Square foot | 4,579 | 2,619 | 93% |
| Lot Size | 67,000 | 19,800 | 93% |
| Price | $2.48M | $1.90M | 73% |
| Price per sq ft | $542 | $784 | 9% |
| Built year | 1962 | 1956 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 173 | 12% |
Apr 8, 2026
$2,480,000
$2,650,000
-6% Price Drop
Initial Listing
Mar 19, 2026
$2,650,000
$2,895,000
-8% Price Drop
Initial Listing
Feb 26, 2026
$2,895,000
Initial Listing
Oct 4, 2016
$1,769,000
Public Record
Jul 19, 2011
$922,500
Public Record
Aug 6, 1996
$575,000
Public Record