
Portola Valley, California 94028
This Spacious Multi-Level Residence represents a Strong Value Opportunity, currently listed at $5,488,000, which aligns with its $5,488,000 Fair Market Value. While the home maintains a Condition Rating of 4, its 2.8-acre lot and Expansive Scenic Views of the Stanford Dish provide a rare foundation for modernization. Access to Top-Rated Schools like Las Lomitas Elementary adds long-term stability to this asset. This property is an ideal acquisition for Owner-Occupants seeking a custom renovation project or Value-Add Investors targeting the prestigious Portola Valley market.
Property is moderate renovation needed.
Built in 1974, this 50-year-old home is well-maintained but significantly dated. While the kitchen has been partially updated with granite and Thermador appliances, the bathrooms, wood paneling, and fixtures appear to be 20-30 years old. The property is functional and move-in ready but requires aesthetic and likely systemic modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 121968, living area = 3740.
Elementary School: Las Lomitas Elementary School (10/10).
Situated on a significant 2.8-acre lot, this property provides a rare level of seclusion and a peaceful retreat atmosphere within the highly coveted Portola Valley landscape.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =121968, other record lot size in square feet = 119733. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3740, other record living area = 3270.
With 85 days on the market and a substantial $500,000 price reduction, the listing is showing signs of market resistance, potentially indicating a misalignment between the initial price and buyer expectations.
The 1974 multi-level floorplan and rustic character may feel dated to modern buyers seeking contemporary open-concept living, potentially requiring significant renovation to meet current luxury standards.
Set on 2.8 AC, this home offers a peaceful retreat in a coveted setting. Warm, welcoming interiors span more than 3,700 SF across a multi-level floorplan, blending rustic character with an easy livability that harmonizes with the surrounding landscape. A soaring vaulted ceiling elevates the living room anchored by a fireplace and expansive windows framing views that reach toward the Stanford Dish, while the main living spaces also include a formal dining room, granite kitchen with Thermador appliances, a comfortable family room with a fireplace, and a lower-level recreation room. Five bedrooms plus an office provide flexibility and comfort. With nearby access to scenic nature preserves and trailheads, a short drive to the Ladera Country Shopper shopping center and local favorites such as Alpine Inn, this home offers a rare balance of seclusion and convenience, all with access to acclaimed schools including Ormondale and Corte Madera (buyer to verify eligibility).
No exterior & parking available.
Grades K-3 • 1.3 mi
Grades K-3 • 2.6 mi
Grades 4-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.4 |
| Square foot | 3,740 | 3,315.7 |
| Lot Size | 121,968 | 25,659.7 |
| Price | $5.49M | $4.33M |
| Price per sq ft | $1.5K | $1.5K |
| Built year | 1974 | 1959 |
| HOA | $0 | $232 |
| Days on market | 103 | 45 |
Sep 5, 2026
$5,488,000
$5,988,000
-8% Price Drop
Initial Listing
Jul 13, 2026
$5,988,000
Initial Listing