
San Martin, California 95046
This Value-Add Ranch Estate is a strategic land-play opportunity with a List Price of $1,500,000, reflecting its $1,449,245 Fair Market Value. Carrying a Condition Rating of 5, the 1940s structure requires a complete overhaul, yet the 3.87-acre lot and Mountain Views offer immense potential for a custom compound. With a private well, septic, and a seasonal creek, the site is a high-utility Asset for equestrian development. Local market trends for renovated estates suggest significant upside, making this an ideal acquisition for Developers or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14200 Sycamore Avenue Subject | $1,450,000* List Price | 2 | 2 | 1,896 | $764 | - |
A 1645 Eberts Drive Active | $1,499,999 List Price | 3 | 2 | 1,847 | $812 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940, this property is over 80 years old and requires a contractor and architect for significant unfinished additions and rehab. The listing's 'no children' showing restriction indicates safety or structural hazards, and the description focuses on the land's potential for a new estate rather than the current condition of the home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 168512, living area = 1896.
Spanning 3.87 acres with a seasonal creek, this property offers immense potential for equestrian facilities, animal lovers, or the development of a custom multi-generational estate.
Situated in the desirable town of San Martin just south of Silicon Valley, the property provides a rare rural lifestyle while maintaining convenient access to major tech hubs and Morgan Hill amenities.
The property is currently in a state of transition with unfinished additions and aged 1940s construction, requiring a substantial investment of capital and professional design to become habitable or modernized.
The restriction against children at showings and the presence of unfinished construction suggest potential safety hazards and condition issues that may complicate traditional financing or insurance.
Builders and developers will love this unique and RARE San Martin Ranch. Multi-generational family home shoppers and/or horse or animal lovers! Bring your architect,and imagination! This compound includes a single level ,896-square-foot home and offers a prime opportunity just south of Silicon Valley to create the conveniently located estate you've been searching for. Situated just south of Morgan Hill in the beloved town of San Martin, the property spans 3.87 acres with a seasonal creek. There's ample land, plus an existing bonus barn and garage with a lean-to. The garage was re-roofed with permits in 2025. Alternatively, design your own equestrian facility or private estate! It includes a private well and septic system. Huge rock fireplace. The family room in the back is made up of two rooms and are part of the main residence and are fully included in the homes square footage. The area offers excellent flexibility and has been used for a variety of purposes over the years, including as an additional bedroom. A pocket door separates the two rooms, and a former hallway door was removed to enhance the overall flow. As you step out the rear door, you'll notice the beginnings of the planned additions. Buyer to verify all measurements and details. NO CHILDREN at showings please.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,896 | - |
| Lot Size | 168,512 | - |
| Price | $1.45M | $2.03M |
| Price per sq ft | $765 | $1.1K |
| Built year | 1940 | 0 |
| HOA | $0 | $0 |
| Days on market | 125 | 53 |
Jul 12, 2026
$1,450,000
$1,500,000
-3% Price Drop
Initial Listing
Mar 19, 2026
$1,500,000
Initial Listing
Apr 8, 2015
$825,000
Public Record
Apr 11, 2008
$511,500
Public Record