
Burlingame, California 94010
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.
Property is land value only, full reconstruction required.
The original main residence was completely destroyed by a fire in 2025, leaving only the concrete slab foundation. While a permitted guest house and detached garage remain intact, the property is primarily being sold for land value and the opportunity to rebuild a new luxury estate.
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 ability to rebuild a 4,800 sqft main residence on the existing footprint allows buyers to bypass the planning department, significantly reducing the typical bureaucratic hurdles and timeline for luxury construction.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5394, other record living area = 3530.
Following the loss of the original home in a 2025 fire, the property is essentially a development site, requiring a buyer with the capital, expertise, and patience to manage a major construction project.
With 200 days on the market and a substantial price reduction from $4.95M to $2.999M, the property may face challenges regarding buyer perception and appraisal valuation in a sensitive market.
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 | 2,146.553 |
| Lot Size | 35,583 | 7,165.263 |
| Price | $3.00M | $3.20M |
| Price per sq ft | $556 | $1.6K |
| Built year | 1937 | 1934 |
| HOA | $0 | $0 |
| Days on market | 239 | 36 |
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