
Milpitas, California 95035
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.
Property is moderate renovation needed.
Originally built in 1937, the residence shows evidence of a mid-to-late 90s renovation (approx. 25-30 years ago) featuring oak cabinetry and white tile countertops. While the interior appears well-maintained and 'immediately livable' as stated in the description, the finishes and systems are dated. The property is positioned primarily as a land-value opportunity for a custom estate, with the current home serving as a functional secondary structure or future ADU.
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 significant opportunity 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 premium aesthetic value that is difficult to replicate.
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. home was built in 1937 and likely requires significant modernization or replacement to meet the standards of a multi-million dollar estate buyer.
With 142 days on the market at a $5.498M price point, the property may face challenges regarding perceived market value and liquidity compared to more turnkey residential offerings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,339 | 1,651 |
| Lot Size | 436,158 | 5,842.029 |
| Price | $5.50M | $1.63M |
| Price per sq ft | $4.1K | $968 |
| Built year | 1937 | 1971 |
| HOA | $0 | $256 |
| Days on market | 147 | 36 |
May 30, 2026
$5,498,000
Initial Listing
Apr 30, 2021
$2,400,000
Public Record