2375 Old Calaveras Road, Milpitas, California 95035, Milpitas, 95035 - 2 bed, 2 bath
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Milpitas, California 95035
Analysis of 2375 Old Calaveras Road, Milpitas, California 95035 is currently available with a list price of $5,498,000. 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 original 1937 structure is functional and offers 'immediate livability,' but the interior finishes are significantly dated. The kitchen features 1980s/90s-style oak cabinetry and tile countertops, and the bathroom shows older fixtures. While well-maintained, the systems and aesthetics are over 20 years old, requiring updates to meet modern standards, though the primary value lies in the 10-acre lot.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 436158, living area = 1339.
The property spans approximately 10 acres of rare, mostly flat to gently rolling terrain, offering a premier canvas for a custom luxury estate or potential subdivision in a high-demand Silicon Valley location.
Positioned to capture breathtaking, unobstructed views of the San Francisco Bay, city lights, and surrounding foothills, providing a level of privacy and scenery that is difficult to find so close to urban centers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436158, other record lot size in square feet = 435600.
The existing 1,339 sq ft residence dates back to 1937 and likely requires significant renovation or replacement to align with the property's multi-million dollar valuation and potential.
The property relies on a private well, septic system, and propane rather than municipal connections, which may require specialized maintenance and thorough due diligence during the development process.
Set on approximately 10 rare acres of mostly flat to gently rolling terrain, this exceptional Milpitas property offers a unique opportunity to create a private custom estate with breathtaking 360-degree views of the Bay, city lights, and surrounding foothills. An existing ~1,339 sq ft residence (buyer to verify) features 2 bedrooms and 2 bathrooms, providing immediate livability or potential for ADU conversion while you design and build your dream home. The property includes a detached 2-car garage, expansive workshop, covered RV/boat parking, large parking area, mobile home, and a cabana building with an indoor fire pit/BBQ for flexible living and entertaining. The grounds are suited for outdoor recreation, including hiking, horseback riding, ATVs, and dirt biking, offering a rare blend of usable land and natural beauty. Utilities include AT&T fiber, PG&E electricity, a deep private well, natural spring, propane, and septic system. Enjoy unmatched privacy in a nature-filled setting just minutes from downtown Milpitas, shopping, dining, major freeways, and Silicon Valleys leading tech campuses. With potential for expansion, customization, or possible subdivision (buyer to investigate), this is a rare offering with endless possibilities. A must-see property with incredible views.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,339 | 1,610 | 32% |
| Lot Size | 436,158 | 5,892.5 | 95% |
| Price | $5.50M | $1.50M | 97% |
| Price per sq ft | $4.1K | $995 | 97% |
| Built year | 1937 | 1974 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 116 | 3% |
May 30, 2026
$5,498,000
Initial Listing
Apr 30, 2021
$2,400,000
Public Record