
Portola Valley, California 94028
This Spacious Multi-Level Residence represents a High-Potential Investment Opportunity, listed at $5,988,000—positioned well below the $5,865,248 Fair Market Value by -2%. While the home maintains a Condition Rating of 4, its 2.8-acre lot and panoramic views of the Stanford Dish offer significant upside for modernization. Featuring a Granite Kitchen and access to Top-Rated Schools like Las Lomitas Elementary, this property balances lifestyle potential with value-add renovation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Portola Valley location.
Spacious 5-bed Portola Valley home on 2.8 acres with panoramic views and top-rated schools. Prime value-add opportunity in a coveted location. Schedule a tour.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 285 Escobar Road Subject | $5,988,000* List Price | 5 | 4 | 3,740 | $1,568 | - |
A 578 Cresta Vista Lane Pending | $5,998,000 List Price | 3 | 4 | 3,729 | $1,608 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this home is well-maintained but significantly dated. While the kitchen has received partial updates with granite counters and Thermador appliances, the bathrooms, wood paneling, and tile flooring appear to be 20-30+ years old, requiring modernization to meet current market 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 offers a rare level of seclusion and a peaceful retreat-like atmosphere in one of Portola Valley's most coveted settings.
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.
Built in 1974, the home's rustic multi-level floorplan and older design elements may require substantial updates or a full renovation to meet the expectations of modern luxury buyers.
The multi-level configuration may be a drawback for buyers seeking open-concept living or those with mobility concerns, as it lacks the convenience of a single-level layout.
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 | 3.0 |
| Square foot | 3,740 | 3,380 |
| Lot Size | 121,968 | 48,743 |
| Price | $5.99M | $4.30M |
| Price per sq ft | $1.6K | $1.6K |
| Built year | 1974 | 1955 |
| HOA | $0 | $140 |
| Days on market | 9 | 81 |
Jul 13, 2026
$5,988,000
Initial Listing