245 Bonita Road, Portola Valley, California 94028, Portola Valley, 94028 - 2 bed, 1 bath
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245 Bonita Road
Portola Valley, California 94028
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
870Sq Ft
70,479Lot Size
Property Price
LIST PRICE$2,595,000
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 70479, living area = 870.
- Subdivision Potential
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.
- Expansive Flat Acreage
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.
CONSRISKS & DEFICIENCIES
- Non-Habitable Structures
The existing house, cottage, and outbuildings are largely uninhabitable, meaning the property is essentially a land-value play requiring a complete teardown.
- Pending Final Map
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.
About 245 Bonita Road
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 70,479 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.4 |
| Square foot | 870 | 3,315.7 |
| Lot Size | 70,479 | 25,659.7 |
| Price | $2.60M | $4.33M |
| Price per sq ft | $3.0K | $1.5K |
| Built year | 1945 | 1959 |
| HOA | $0 | $232 |
| Days on market | 115 | 45 |
Pricing History
Listed for Sale
Jul 1, 2026
$2,595,000
Initial Listing
Sold
May 10, 2019
$1,600,000
Public Record