12800 Dianne Drive, Los Altos Hills, California 94022, Los Altos Hills, 94022 - 4 bed, 3 bath
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Los Altos Hills, California 94022
This property presents a Strong Value Opportunity with a List Price of $4,998,000—positioned well below the $5,323,096 Fair Market Value by 6%. This valuation gap offers $325,096 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers a modern kitchen and vaulted ceilings, while the expansive 1.1-acre lot provides significant development potential. This is a high-reward acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to build a custom estate in a prestigious enclave.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12800 Dianne Drive Subject | $4,998,000* List Price | 4 | 3 | 2,292 | $2,322 | - |
A 24821 Prospect Avenue Sold | $4,930,000 | 4 | 4 | 2,354 | $2,094 | 0.9 mi |
B 24855 Prospect Avenue Sold | $5,950,000 | 4 | 3 | 3,157 | $1,885 | 0.9 mi |
C 26939 Beatrice Lane Sold | $5,568,000 | 4 | 3 | 2,635 | $2,113 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1960, the interior shows a significant recent renovation (likely within the last 5-10 years) featuring a sleek modern kitchen with stone countertops, updated wide-plank flooring, recessed lighting, and fresh paint. The home is well-maintained and move-in ready, though the listing highlights the land's potential for a new custom estate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 48133, living area = 2292.
Situated in a highly sought-after Los Altos Hills enclave among multi-million dollar estates, including a recent $19.5M neighboring sale, ensuring exceptional long-term value and neighborhood prestige.
The expansive 1.1-acre lot offers a rare 'blank canvas' opportunity to renovate, expand, or construct a bespoke custom estate in one of the region's most desirable settings.
Built in 1960, the property likely requires significant modernization or a complete rebuild to meet the luxury standards and expectations of today's high-end buyers.
At a $4.998M price point, the substantial capital required for acquisition plus the additional investment for a full-scale renovation or new build represents a significant financial undertaking.
Set back from the street, this private, peaceful single-level home is nestled among prestigious multi-million-dollar estates in one of Los Altos Hills' most sought-after locations. Offering exceptional value and endless potential, the property presents an opportunity to renovate, expand, or build a spectacular custom dream home. A neighboring estate recently sold for $19.5M, underscoring the caliber of the surrounding neighborhood. The open floor plan with a bright and inviting atmosphere features a spacious living room with soaring vaulted ceilings and large windows, a sleek kitchen, informal and formal dining and a family room. The generous grounds and backyard provide an ideal setting for outdoor dining, lounging, and relaxation. Conveniently located just minutes from downtown Los Altos, acclaimed restaurants, shopping, and freeway access, this property offers an exceptional opportunity to create a one-of-a-kind estate in one of the area's most desirable settings in LAH.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 3.0 | 4.5 |
| Square foot | 2,292 | 4,343.5 |
| Lot Size | 48,133 | 48,872.5 |
| Price | $5.00M | $5.16M |
| Price per sq ft | $2.2K | $1.4K |
| Built year | 1960 | 1983 |
| HOA | $0 | $0 |
| Days on market | 17 | 58 |
Jul 6, 2026
$4,998,000
Initial Listing
Mar 23, 2021
$4,000,000
Public Record
Aug 29, 2008
$2,460,000
Public Record
Mar 8, 2005
$2,225,000
Public Record