
Portola Valley, California 94028
This property presents a High-Potential Investment Opportunity with a List Price of $5,488,000—positioned well below the $5,746,152 Fair Market Value by 4%. This valuation gap offers $258,152 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant upside through modernization of its 1974 interiors. With a massive 2.8-acre lot, panoramic views, and access to top-rated schools like Las Lomitas Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Spacious 5-bed Portola Valley home on 2.8 acres with panoramic views and top-rated schools. High-potential investment with instant equity. Schedule a tour today.
Property is moderate renovation needed.
Built in 1974, this 50-year-old home is well-maintained but significantly dated. While the kitchen has been updated with granite and Thermador appliances, the bathrooms, wood paneling, and tile flooring appear to be 20-30 years old, placing it in the 'Fair' category as it requires modern updates.
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 massive 2.8-acre lot, this property provides an exceptional level of seclusion and a peaceful retreat rarely found so close to Silicon Valley hubs.
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.
A significant $500,000 price reduction after 54 days on the market suggests initial overpricing and may indicate a need for further negotiation to align with current buyer expectations.
Built in 1974, the multi-level floorplan and rustic aesthetic may require substantial capital investment to modernize the layout and finishes for today’s 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 | 3.1 |
| Square foot | 3,740 | 3,311.714 |
| Lot Size | 121,968 | 31,577.286 |
| Price | $5.49M | $4.13M |
| Price per sq ft | $1.5K | $1.5K |
| Built year | 1974 | 1957 |
| HOA | $0 | $232 |
| Days on market | 58 | 48 |
Sep 5, 2026
$5,488,000
$5,988,000
-8% Price Drop
Initial Listing
Jul 13, 2026
$5,988,000
Initial Listing