245 Bonita Road, Portola Valley, California 94028, Portola Valley, 94028 - 2 bed, 1 bath
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Portola Valley, California 94028
Analysis of 245 Bonita Road, Portola Valley, California 94028 is currently available with a list price of $2,595,000. 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.
Built in 1945 and explicitly described in the listing as 'mostly not habitable,' these structures are over 80 years old with no evidence of renovation. The property is being marketed for its land value and subdivision potential rather than the existing improvements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 70479, living area = 870.
The property features a San Mateo County-approved 2-lot subdivision, offering significant investment upside and flexibility for developers or those seeking a multi-structure estate.
Boasting over 1.6 acres of mostly flat land in the prestigious Los Trancos Woods, this lot provides a rare and highly desirable canvas for luxury new-build construction.
The existing house, cottage, and outbuildings are largely uninhabitable, meaning the property is essentially a land-value play requiring a complete teardown.
While the subdivision is approved, the final map recording is still ongoing, which may introduce timing uncertainties for buyers looking to immediately utilize the separate lots.
Beautiful (Bonita!) very large property in upper Los Trancos Woods. Over 1.6 AC of mostly flat land with old, mostly not habitable House, Cottage, Garage and Carport, comfortably spread throughout the property. In Feb 2026, San Mateo County approved a 2 lot subdivision, and work is ongoing to complete the final map recording. The house is available prior to recording of the subdivision as a single lot for buyers who might want more flexibility in what they do with the property. Extensive geological, geotechnical, arborist, historical, biological and civil reports and plans come with the property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 870 | 3,380 |
| Lot Size | 70,479 | 48,743 |
| Price | $2.60M | $4.30M |
| Price per sq ft | $3.0K | $1.6K |
| Built year | 1945 | 1955 |
| HOA | $0 | $140 |
| Days on market | 22 | 81 |
Jul 1, 2026
$2,595,000
Initial Listing
May 10, 2019
$1,600,000
Public Record