208 Canyon Drive, Portola Valley, California 94028, Portola Valley, 94028 - 2 bed, 1 bath
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Portola Valley, California 94028
Analysis of 208 Canyon Drive, Portola Valley, California 94028 is currently available with a list price of $1,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Portola Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is a vintage 1956 home (>50 years old) with no evidence of significant renovations. The kitchen features original cabinetry and laminate counters, and the listing description explicitly suggests the site for a 'dream home' or to 'create something completely new,' indicating the primary value is in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15982, living area = 990.
Situated on a generous 1/3-acre lot, this property offers a rare opportunity to either renovate the existing vintage cottage or build a custom luxury estate in a high-demand Portola Valley neighborhood.
The home is ideally located near Robert's Market and local amenities while providing easy access to world-class hiking and cycling trails and a convenient commute via Freeway 280.
At only 990 square feet with a 2-bedroom, 1-bathroom configuration, the current structure is undersized for the price point and may not meet the needs of modern families without expansion.
Built in 1956 and described as a 'vintage' home, the property likely requires significant capital improvement or a complete teardown to address aging systems and aesthetic obsolescence.
Vintage home, circa 1956, situated on a 1/3 acre parcel in a quiet corner of Portola Valley. This cozy, uncomplicated home could become your haven away from the hustle and bustle of Silicon Valley life -- or, it could become the site of your dream home. Reimage this cottage or create something completely new! Nearby is Robert's Market (groceries,etc.) a hardware store, the fire department, a full-service (gas and repairs) station. This area is favored by cyclists and hikers. And it's a quick distance to Freeway 280 for commutes north and south.
No exterior & parking available.
Grades K-3 • 0.8 mi
Grades 4-8 • 0.2 mi
Grades 9-12 • 5.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 14% |
| Baths | 1.0 | 3.5 | 5% |
| Square foot | 990 | 2,930 | 5% |
| Lot Size | 15,982 | 18,489 | 45% |
| Price | $2.00M | $3.96M | 14% |
| Price per sq ft | $2.0K | $1.3K | 86% |
| Built year | 1956 | 1967 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 189 | 5% |
Apr 9, 2026
$1,995,000
Initial Listing