241 Polhemus Avenue, Atherton, California 94027, Atherton, 94027 - 6 bed, 9 bath
ACTIVE$29,995,000
241 Polhemus Avenue, Atherton, California 94027
6Beds
9Baths
10,772Sqft
63,119Lot
Price Vs. Estimate
The estimated value ($28,204,687.53) is $1,790,312.47 (5%) lower than the list price ($29,995,000). This property may be overpriced.
Key pros and cons
Top 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 = 63119, living area = 10772.
Top Cons:
Ultra-High Price Point: The nearly $30 million list price, potentially 6% above estimated value, targets an extremely limited buyer pool and may result in extended market time.
Compared to the nearby listings
Price:$30.00M vs avg $8.10M (+$21,894,999.5)95%
Size:10,772 sqft vs avg 3,780 sqft90%
Price/sqft:$2.8K vs avg $1.8K80%
More Insights
Built in 1922 (103 years old).
Condition: Despite being built in 1922, the listing explicitly states the property 'blends 1922 architectural heritage with modern luxury' and is 'impeccably maintained.' The provided images showcase extensively renovated spaces with high-end, contemporary finishes (e.g., dining room, fitness center) and meticulously preserved, luxurious classic elements (e.g., billiards room, wine cellar). The description of a 'lavish primary suite with a steam room' strongly indicates modern, high-quality bathroom renovations. All visible components appear new or virtually new, meeting current luxury standards with no deferred maintenance, consistent with an extensive recent renovation.
Year Built
1922
Close
-
List price
$30M
Original List price
$30M
Price/Sqft
$2,785
HOA
-
Days on market
-
Sold On
-
MLS number
ML81997107
Home ConditionExcellent
Features
Pool
Spa
Patio
View-
About this home
This magnificent Mediterranean Revival estate blends 1922 architectural heritage with modern luxury. Grand-scaled rooms showcase intricate moldings, European fireplaces, herringbone and parquet floors, and Palladian-style arched windows. Spanning 3 levels, the home offers a 10-seat theater, fitness center, library, and billiards room with a pub-style bar. The main residence has 6 bedroom suites including a lavish primary suite with a steam room and couture closet. There is also a wine cellar, 12-car garage perfect for a collector, plus a guest house with 2 bedrooms and an office. Impeccably maintained 1.45-acre grounds feature a pool, spa, outdoor kitchen, and heritage trees, all in a premier Atherton location. Excellent Las Lomitas schools.
Condition Rating
Excellent
Despite being built in 1922, the listing explicitly states the property 'blends 1922 architectural heritage with modern luxury' and is 'impeccably maintained.' The provided images showcase extensively renovated spaces with high-end, contemporary finishes (e.g., dining room, fitness center) and meticulously preserved, luxurious classic elements (e.g., billiards room, wine cellar). The description of a 'lavish primary suite with a steam room' strongly indicates modern, high-quality bathroom renovations. All visible components appear new or virtually new, meeting current luxury standards with no deferred maintenance, consistent with an extensive recent renovation.
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 = 63119, living area = 10772.
Unrivaled Location & Schools: Situated in premier Atherton, one of the most exclusive zip codes, with access to excellent Las Lomitas schools, significantly enhancing its desirability and long-term value.
Extensive Luxury Amenities: Boasts an impressive array of high-end features including a 10-seat theater, fitness center, library, billiards room with a pub, wine cellar, and a lavish primary suite with steam room and couture closet.
Grand Architectural Estate: A magnificent 1922 Mediterranean Revival estate spanning 10,772 sqft, meticulously blending architectural heritage with modern luxury through grand-scaled rooms, intricate moldings, and high-end finishes.
Comprehensive Accommodations: Offers 6 bedroom suites in the main residence, complemented by a separate 2-bedroom guest house with an office, providing exceptional space and versatility for large families or staff.
Collector's Garage & Resort-like Grounds: Features a rare 12-car garage, perfect for an auto enthusiast, alongside impeccably maintained 1.45-acre grounds with a pool, spa, outdoor kitchen, and heritage trees, creating a private resort experience.
Cons
Ultra-High Price Point: The nearly $30 million list price, potentially 6% above estimated value, targets an extremely limited buyer pool and may result in extended market time.
Age-Related Maintenance Considerations: Built in 1922, despite modern updates, a property of this age and scale may incur higher ongoing maintenance costs associated with older infrastructure and specialized upkeep.
Highly Specialized Appeal: The property's unique and extensive luxury features, while impressive, cater to a very specific niche market, potentially limiting broader buyer interest compared to more universally appealing luxury homes.