27600 Altamont Road, Los Altos Hills, California 94022, Los Altos Hills, 94022 - 4 bed, 4 bath
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Los Altos Hills, California 94022
This Shovel-Ready Development Asset represents a Strong Value Opportunity with a List Price of $4,200,000—positioned well below the $4,322,945 Fair Market Value by 2%. This valuation gap offers $122,945 in Instant Equity for buyers looking to capitalize on finalized plans for a 5,800 sqft modern estate and 1,200 sqft ADU. While the property holds a Condition Rating of 5, the 1.2-acre lot features a Pool, Spa, and panoramic Mountain Views. This high-utilization site is a premier value-add acquisition for Luxury Developers or Owner-Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27600 Altamont Road Subject | $4,200,000* List Price | 4 | 4 | 3,905 | $1,084 | - |
A 26969 Moody Rd. Sold | $3,500,000 | 4 | 2 | 2,878 | $1,216 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45 years old), the property is being marketed primarily as a 'shovel-ready' development opportunity with approved plans for a total rebuild. While the description notes it can be leased, the age and the focus on immediate construction of a new 5,800 sqft residence indicate the current structure is dated and at the end of its functional life for this location.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52272, living area = 3905.
The property includes finalized plans and permits for a 5,800 sqft modern estate and 1,200 sqft ADU, eliminating years of entitlement risk and construction delays.
An existing 3,905 sqft residence on-site allows for immediate occupancy or rental income to offset carry costs while construction preparations are finalized.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52272, other record lot size in square feet = 95589.
Beyond the purchase price, the buyer must commit substantial additional capital and time to execute the large-scale construction of the proposed main house and ADU.
The current residence, built in 1979, may require maintenance or lack the modern amenities expected at this price point if the new build is not initiated immediately.
A Modern Masterpiece in a Coveted Los Altos Hills Setting. Set along one of the most prestigious and tightly held corridors, 27600 Altamont Rd. offers a rare, fully approved, shovel-ready estate opportunity. Situated on appx. 1.1 acres, the property includes finalized plans and permits from acclaimed Humphreys & Partners Architects, allowing construction to begin immediately, eliminating years of entitlement risk and delay. The approved design features a 5,800-square-foot modern main residence with seamless indoor-outdoor living, a gourmet kitchen with a butler's pantry, a private guest suite, a home office, and expansive entertaining spaces. A lower level includes wellness amenities such as a fitness room, sauna, and wine cellar. A separate 1,200-square-foot ADU provides ideal space for guests, multigenerational living, or a private executive retreat. Resort-style grounds include a pool/spa, bocce court, and multiple outdoor living areas designed for privacy, natural light, and west-hill views. Ideally located with easy access to downtown Palo Alto, Los Altos, and nearby open-space preserves.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 58% |
| Square foot | 3,905 | 2,635 | 77% |
| Lot Size | 52,272 | 19,740 | 77% |
| Price | $4.20M | $5.25M | 32% |
| Price per sq ft | $1.1K | $1.8K | 6% |
| Built year | 1979 | 1968 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 114 | 26% |
Apr 21, 2026
$4,200,000
Initial Listing
Jun 11, 2021
$3,950,000
Public Record