
Alpine, California 91901
This property presents a High-Potential Investment Opportunity with a List Price of $1,148,000—positioned well above the $955,194 Fair Market Value by -20%. While the current pricing reflects a premium, the Poor Condition Rating and long-term tenant history highlight significant value-add potential through renovation. The expansive one-acre lot, featuring panoramic views, a pool, and spa, offers a rare opportunity for ADU development. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive modern rehabilitation.
Property is extensive renovation needed.
Built in 1991 (33 years old), the property falls into the 'poor' category based on age and lack of recent renovations. The listing confirms long-term tenant occupancy with no owner residency, which is reflected in visible deferred maintenance including a neglected pool, weathered exterior decking, and a dated kitchen that requires a full modern rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 2696.
Situated on an elevated lot of nearly one acre, the property offers breathtaking panoramic views of the valley and surrounding trees, providing a sense of privacy and natural beauty.
The home features an exceptional pool and spa area with a generously sized entertainment space, perfect for hosting large gatherings in a resort-like setting.
The property has been exclusively tenant-occupied with the owner never having resided there, which often suggests potential deferred maintenance or the need for cosmetic updates to meet modern owner-occupant standards.
While the area is served by some high-performing schools, others in the immediate vicinity have lower ratings (as low as 3 or 4), which may be a consideration for education-focused buyers.
This spectacular home is situated on an elevated lot with panoramic views of the Valley and the surrounding trees. A huge Kitchen with a spacious family room allows you to have large gatherings or big parties. The exceptional Pool and spas with a generously-sized entertainment area. This home offers close to one acre of land. This means the new owner can apply for a granny suit or add an ADU. This home has always been a tenant occupied. Therefore, the current owner has never lived in it.
No exterior & parking available.
Grades K-8 • 5.3 mi
Grades 9-12 • 8.5 mi
Grades 9-12 • 9.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,696 | 2,121 | 67% |
| Lot Size | - | 25,047 | 25% |
| Price | $1.40M | $1.02M | 84% |
| Price per sq ft | $519 | $462 | 76% |
| Built year | 1991 | 1993 | 49% |
| HOA | $135.0 | $0 | 61% |
| Days on market | 31 | 123 | 14% |
May 31, 2026
$1,398,000
$1,148,000
+22% Price Increase
Initial Listing
May 13, 2026
$1,148,000
Initial Listing
Jul 21, 2017
$440,000
Public Record
Mar 28, 1996
$265,000
Public Record
Aug 13, 1993
$248,500
Public Record