
Atherton, California 94027
This property presents a High-Potential Investment Opportunity with a List Price of $8,950,000—positioned well below the $9,336,352 Fair Market Value by 4%. This valuation gap offers $386,352 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a total rehab, yet its nearly one-acre lot and pool provide a premier canvas for luxury development. Located in a top-tier school district, this is an ideal acquisition for Luxury Developers or Owner-Occupants seeking a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27 Catalpa Drive Subject 4 bd · 4 ba · 2,815 sqft · $3,317 | $8,950,000* List Price | 4 | 4 | 2,815 | $3,317 | - |
A 1 Manzanita Road Sold 4 bd · 4 ba · 2,880 sqft · $3,924 · 0.3 mi | $11,300,000 | 4 | 4 | 2,880 | $3,924 | 0.3 mi |
B 30 Catalpa Drive Sold 4 bd · 3 ba · 2,850 sqft · $3,695 · 0.1 mi | $10,530,000 | 4 | 3 | 2,850 | $3,695 | 0.1 mi |
C 98 Fredrick Drive Sold 3 bd · 2 ba · 3,182 sqft · $2,451 · 0.7 mi | $7,800,000 | 3 | 2 | 3,182 | $2,451 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is a 1961 mid-century home that appears largely original or has not been updated in over 30 years. The bathrooms feature dated square tiling, old-fashioned wallpaper, and gold-tone fixtures. The listing description explicitly highlights the 'potential for renovation or possible new construction,' signaling that the systems and interior are at the end of their functional life and require a total rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40469, living area = 2815.
Situated on nearly one acre in the prestigious Lindenwood neighborhood of Atherton, this expansive lot offers a rare level of scale and prestige in one of the nation's most exclusive zip codes.
The property serves as a prime candidate for a luxury renovation or new construction, providing a blank canvas to create a custom estate in a high-demand area with excellent Menlo Park schools.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2815, other record living area = 2890.
Built in 1961, the home's original mid-century finishes and systems likely require substantial capital investment to meet modern luxury standards.
With a list price of $8.95M for approximately 2,815 square feet of living space, the value is heavily weighted in the land, which may deter buyers looking for a move-in ready residence at this price point.
Exceptional privacy and a premier location in the desirable Lindenwood neighborhood highlight this property of nearly one acre with a sprawling mid-century home. Sheltered from the street behind mature trees and foliage, the home is approached by a circular driveway and surrounded by lush grounds that include a tucked-away pool, covered open-air cabana, and expansive synthetic lawn. Inside, vaulted and paneled ceilings, walls of glass, and parquet hardwood floors reflect the homes mid-century origins. Spacious formal living and dining rooms are complemented by a separate family room and eat-in kitchen. There are 4 bedrooms and 3.5 baths, including 2 primary suites, one at each end of the home. With significant potential for renovation or possible new construction, this property presents an exceptional opportunity to create a personalized retreat in this sought-after neighborhood served by excellent Menlo Park schools.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.2 |
| Baths | 4.0 | 5.8 |
| Square foot | 2,815 | 5,224.75 |
| Lot Size | 40,469 | 42,278.417 |
| Price | $8.95M | $10.02M |
| Price per sq ft | $3.2K | $2.2K |
| Built year | 1961 | 1974 |
| HOA | $0 | $0 |
| Days on market | 6 | 29 |
Oct 18, 2026
$8,950,000
Initial Listing