24821 Prospect Avenue, Los Altos Hills, California 94022, Los Altos Hills, 94022 - 4 bed, 4 bath
24821 Prospect Avenue
Los Altos Hills, California 94022
Property Price
SUMMARY
Analysis of 24821 Prospect Avenue, Los Altos Hills, California 94022 reveals a property with a current list price of $5,500,000, which is 4% above the estimated $5,280,329 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 Los Altos Hills 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.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1956, this mid-century ranch is exceptionally well-maintained but remains largely in its original or 'vintage' state. The kitchen features older wood cabinetry and dated appliances, while the bathrooms retain classic 1950s-style tiling and fixtures. Although the home is clean and functional, it lacks modern luxury updates, with the listing itself suggesting it as a prime candidate for a major renovation or a complete custom rebuild.
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 = 43217, living area = 2354.
- Panoramic Bay Views
The property features breathtaking, unobstructed views of the San Francisco Bay, providing a rare and highly sought-after backdrop that significantly enhances its market value and prestige.
- Expansive Lot & Privacy
Situated on a lush one-acre lot with a circular driveway and professional landscaping, the estate offers exceptional privacy and ample space for a custom luxury rebuild or significant expansion.
CONSRISKS & DEFICIENCIES
- Dated Interior Condition
Built in 1956, the home retains many vintage elements such as classic tile baths and older cabinetry, which will likely require a substantial financial investment to meet modern luxury standards.
- Small Living Footprint
At approximately 2,354 square feet, the existing structure is relatively small for the $5.5M price point, positioning the property primarily as a high-end development opportunity rather than a move-in ready estate.
About 24821 Prospect Avenue
SPECTACULAR PANORAMIC BAY VIEWS. Set on one acre in an exceptionally private, professionally landscaped setting, this 4-bedroom, 3.5 bath residence offers breathtaking, unobstructed views of the San Francisco Bay framed by sun-drenched open space. A rare opportunity to enjoy today, thoughtfully renovate, or create an extraordinary custom estate. Gracefully set back from the street with a circular driveway, the home embraces classic mid-century ranch architecture enhanced by timeless materials. Expansive living spaces open effortlessly to the outdoors, where a grand view deck captures sweeping vistas and majestic oak trees. Beyond the deck lies vast open space with potential for further enhancement. Vintage fine hardwood floors, rich wood cabinetry, and classic tile baths add warmth and authenticity. Multiple private yards and generous lawn areas create a serene resort-like environment, ideal for sophisticated indoor-outdoor entertaining. Located moments from Los Altos Village, this A+ offering combines privacy, world-class views, acclaimed Los Altos schools, and effortless access to Silicon Valleys finest amenitiesan exceptional property with limitless luxury potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 43,217 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 69% |
| Square foot | 2,354 | 2,636 | 27% |
| Lot Size | 43,217 | 16,796.5 | 81% |
| Price | $5.50M | $5.52M | 50% |
| Price per sq ft | $2.3K | $2.0K | 69% |
| Built year | 1956 | 1958 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 158 | 4% |
Pricing History
Listed for Sale
Feb 7, 2026
$5,500,000
Initial Listing
Sold
Jun 21, 2016
$2,980,000
Public Record