
Burlingame, California 94010
Analysis of 3035 Canyon Road, Burlingame, California 94010 is currently available with a list price of $2,999,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Burlingame Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1937, the property is explicitly marketed as a 'by-right rebuild' opportunity for the primary residence. While the guest house and garage are functional and rented, the main 5,400 sqft structure is effectively a tear-down or major redevelopment project, with the listing focusing on land value and architectural potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35583, living area = 5394.
Elementary School: North Hillsborough School (9/10). Middle School: Crocker Middle School (9/10). High School: Burlingame High School (9/10).
The property offers a rare by-right rebuild opportunity for a main residence of approximately 5,400 sq ft, allowing for a custom estate while preserving existing permitted structures like the guest house and pool.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5394, other record living area = 3530.
With 99 days on the market and a substantial price reduction from $4.95M to $3.75M, the property has struggled to find its value floor, which may concern buyers regarding future appreciation.
The primary residence likely requires a total rebuild to maximize value, and strict limitations on refining only the exterior of secondary structures may constrain cohesive architectural design.
Priced to sell! One of the last opportunities to create a legacy estate in Burlingame Hills. Set on approximately 0.82 acres, this exceptional property offers privacy, natural beauty, existing income, and the rare ability to rebuild a luxury main residence while preserving valuable existing improvements. Following the loss of the original residence in the 2025 fire, the property includes a fully permitted, separately metered guest house, detached three-car garage, pool, and substantial site infrastructure. The guest house and garage currently generate approximately $5,000 per month in rental income while plans are developed and construction proceeds. The property offers the opportunity to rebuild a main residence of approximately 4800 square feet on the existing footprint bypassing the planning dept. Existing utilities, driveway, mature landscaping, and site improvements provide significant value and reduce development time. A dramatic natural rock outcropping with walk-through caves, handcrafted stone stairways, and Bay views creates a setting unlike any other on the Peninsula that's attributed to Charles Fey, inventor of the Liberty Bell slot machine. This is a rare chance to create one of Burlingame's most distinctive private estates.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 1.9 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 4.0 | 2.5 |
| Square foot | 5,394 | 2,122.469 |
| Lot Size | 35,583 | 7,400.625 |
| Price | $3.00M | $3.12M |
| Price per sq ft | $556 | $1.5K |
| Built year | 1937 | 1934 |
| HOA | $0 | $0 |
| Days on market | 194 | 34 |
Sep 8, 2026
$2,999,000
$3,450,000
-13% Price Drop
Initial Listing
Jun 26, 2026
$3,450,000
$3,750,000
-8% Price Drop
Initial Listing
Jun 6, 2026
$3,750,000
$3,995,000
-6% Price Drop
Initial Listing
May 8, 2026
$3,995,000
$4,495,000
-11% Price Drop
Initial Listing
Apr 21, 2026
$4,495,000
$4,950,000
-9% Price Drop
Initial Listing
Feb 27, 2026
$4,950,000
Initial Listing
May 8, 2020
$1,750,000
Public Record