1339 Terra Vista Court, Milpitas, California 95035, Milpitas, 95035 - bed, bath
1339 Terra Vista Court
Milpitas, California 95035
Property Price
SUMMARY
Analysis of 1339 Terra Vista Court, Milpitas, California 95035 is currently available with a list price of $2,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Milpitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is a vacant lot, not an existing structure. However, with a 'Year Built' of 2024, it is being marketed as a prime location for new construction. The land itself is described as a 'premier Silicon Valley lot' with a 'large flat area' suitable for building a 'dream estate,' and essential utilities are nearby. This aligns with the 'Excellent' criteria for a property that is either newly built or intended for a new, high-quality build, with no existing depreciation or maintenance issues.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 60548, living area = 6000.
- Panoramic & Unobstructed Views
The property boasts spectacular 360-degree views of city lights (Milpitas, Fremont, San Jose), San Francisco Bay, Santa Cruz Mountains, and even San Francisco on a clear day, with an elevated position ensuring these views remain unobstructed by future development.
- Exclusive & Private Location
Described as a 'premier Silicon Valley lot with no equal' in an 'exclusive location,' offering a sense of privacy and prestige, further enhanced by shared exclusive use of fifteen acres of open space.
CONSRISKS & DEFICIENCIES
- Significant Development Required
As a vacant lot, the property requires the buyer to undertake the entire design and construction process of a new home, involving substantial time, capital investment, and project management.
- Milpitas Hillside Ordinances
The property is subject to City of Milpitas residential hillside ordinances (R1-H zoning), which may impose strict building requirements, design limitations, and potentially increase construction costs and approval timelines.
- Ongoing Association Fee for Vacant Land
An association fee of $250.0 is an ongoing monthly cost for a vacant parcel, which may be perceived as a drawback before any structure is built or occupied.
About 1339 Terra Vista Court
The premier Silicon Valley lot with no equal Feel on top of the world in this no-compromises exclusive location! Build your dream estate on this amazing 1.39 acre parcel with 360-degree views. The spectacular and unobstructed views include the city lights of Milpitas, Fremont, and San Jose, plus the San Francisco Bay, Santa Cruz Mountains, and even San Francisco on a clear day! This parcel features a large flat area for your castle in the hills. The elevated location ensures that your commanding views will never be obstructed by future development. Up close are the greens of the Bay View Golf Club and the natural beauty of the East Bay hills. This parcel shares in exclusive use fifteen acres of open space. This property is a 3-minute drive to Interstate 680, granting quick access to Silicon Valley, San Jose Airport, shops, restaurants, and much more! Bay View Golf Club and Restaurant Summitpointe Golf are less than a minute away- perfect for any golfing enthusiast. Water, electricity, and city sewer are nearby on Terra Vista Court. This parcel is zoned for residential. City of Milpitas residential hillside ordinances apply (R1-H zoning).
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 60,548 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 4.0 | 3% |
| Baths | - | 2.0 | 3% |
| Square foot | 6,000 | 1,615 | 97% |
| Lot Size | 60,548 | 5,700 | 94% |
| Price | $2.95M | $1.64M | 94% |
| Price per sq ft | $492 | $977 | 3% |
| Built year | 2024 | 1983 | 97% |
| HOA | $250.0 | $102 | 69% |
| Days on market | 542 | 144 | 0% |
Pricing History
Listed for Sale
Sep 11, 2024
$2,950,000
Initial Listing