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1995 Old Calaveras Road, Milpitas, California 95035, Milpitas, 95035 - 3 bed, 2 bath

1995 Old Calaveras Road, Milpitas, California 95035 home-pic-0
ACTIVE$6,600,000
1995 Old Calaveras Road, Milpitas, California 95035
3Beds
2Baths
1,750Sqft
859,003Lot
Year Built
1933
Close
-
List price
$6.6M
Original List price
$6.6M
Price/Sqft
$3,771
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026011
Home ConditionPoor
Features
Good View:
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $6.60M(98th), sqft - 1750(52th), beds - 3(38th), baths - 2(44th).

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.

Price History

Date
Event
Price
10/27/25
Listing
$6,600,000
Condition Rating
Poor
The residential structure was built in 1933, making it over 90 years old. The listing description explicitly states that the home, while functional, 'may require substantial renovation or replacement.' The complete absence of interior images, particularly of the kitchen and bathrooms, strongly suggests these areas are significantly outdated and in need of major rehabilitation, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

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 = 859003, living area = 1750.
Expansive & Versatile Land: A truly rare 20-acre estate in Silicon Valley, offering 10 flat and 10 hillside acres with immense potential for diverse personal or business development, such as a horse ranch, vineyard, or creative compound.
Strategic Silicon Valley Location: Situated in the heart of Silicon Valley, providing unparalleled proximity to major tech campuses like Google, Meta, Netflix, and Adobe, enhancing its appeal for high-net-worth individuals or corporate entities.
Significant Commercial/Flex Building: Includes a substantial 9,600 sq. ft. air-conditioned building, offering exceptional value for storage, workspace, or commercial flexibility, catering to business owners or investors.
Existing Residential Utility: Features a 1,750 sq. ft. single-story home, ideal for immediate use as a guest house, second home, or temporary residence during future estate development.
Unique Market Rarity & Investment Value: Described as a 'truly rare' and 'one-of-a-kind' offering, with an estimated value higher than the list price, indicating strong investment potential and exclusivity in the market.

Cons

Age of Residential Structure: The existing 1933 residential structure, while functional, may require substantial renovation or replacement to align with the vision of a 'dream estate,' incurring additional costs.
Topographical Development Constraints: The 10 acres of hillside land, while contributing to privacy and views, could present challenges and increased costs for development compared to entirely flat parcels.
High Capital Investment: The $6.6 million list price represents a significant capital outlay, naturally limiting the potential buyer pool to a niche market segment and potentially extending the sales cycle.

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