1995 Old Calaveras Road, Milpitas, California 95035, Milpitas, 95035 - 3 bed, 2 bath
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Milpitas, California 95035
Analysis of 1995 Old Calaveras Road, Milpitas, California 95035 is currently available with a list price of $6,600,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
The residential unit, built in 1933, is aged but appears well-maintained with regular upkeep. The kitchen features updated stainless steel appliances and granite countertops, but the wood cabinetry style and the bathrooms (with older vanities and fixtures) show signs of being outdated. The flooring throughout the living areas and bedrooms is in good condition. While functional and move-in ready, the home would benefit from minor cosmetic updates, particularly in the bathrooms, to meet current aesthetic standards. The property's primary value appears to be in the land and commercial building, with the residential structure serving as a habitable but dated component.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 859003, living area = 1750.
A truly rare 20-acre estate in the heart of Silicon Valley, offering unparalleled space, privacy, and a unique opportunity in a high-demand area.
Prime location minutes from major tech campuses like Google, Meta, Netflix, and Adobe, appealing to affluent buyers and investors seeking proximity to innovation hubs.
The $6.6 million asking price represents a substantial investment, which may limit the pool of potential buyers despite the property's unique attributes.
The 1933-built residential structure is quite old and may require significant renovation or be considered a tear-down for buyers envisioning a modern luxury estate, adding to overall project costs.
For a 20-acre estate at this price point, the 1,750 sqft home is relatively small, indicating that the primary value lies in the land and commercial building rather than the current residential dwelling.
Welcome to 1995 Old Calaveras Road, a truly rare 20-acre estate in the heart of Silicon Valley. This one-of-a-kind Milpitas property offers 10 acres of flat and 10 hillside, providing endless potential for personal or business use. The property features a 9,600 sq. ft. air-conditioned building. Ideal for a business owner, investor, or visionary looking for storage, workspace, or commercial flexibility. The 1,750 sqft single-story home makes an excellent guest house, second home, or temporary residence while you design and build your dream estate. Imagine your own private horse ranch, vineyard, or creative compound. All just minutes from major tech campuses like Google, Meta, Netflix, and Adobe. Properties like this rarely come to market. Experience the perfect blend of space, privacy, and opportunity. Right in Silicon Valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,750 | 1,482.5 | 67% |
| Lot Size | 859,003 | 5,995 | 97% |
| Price | $6.60M | $1.50M | 97% |
| Price per sq ft | $3.8K | $1.0K | 97% |
| Built year | 1933 | 1971 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 177 | 103 | 67% |
Oct 27, 2025
$6,600,000
Initial Listing