388 Albion Avenue, Woodside, California 94062, Woodside, 94062 - 2 bed, 2 bath
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388 Albion Avenue
Woodside, California 94062
ACTIVE
CONDITION: TEAR DOWN
2Beds
2Baths
1Sq Ft
175,977Lot Size
Property Price
LIST PRICE$14,800,000
SUMMARY
One of the most premier locations in Central Woodside! Within walking distance to the Town Center shops & restaurants and highly acclaimed Woodside Elementary K-8. This exceptional property is nestled on just over 4 acres (175,977sf) offering a rare combination of privacy with lovely views of the western hills. A private oasis, consisting of 3 separate cottages, offers a unique opportunity for a builder or developer to generate rental income while plans are designed and construction is underway. Located in one of the worlds most exclusive zip codes, nearby Venture Capital hub Sandhill Road, Stanford University & Silicon Valley. Set amid the natural beauty of Woodside, enjoy all of the renowned hiking, biking and horseback trails that make Woodside such a special place. Easy access to major commuter routes 280, 92 and 101 This is a rare opportunity to create a private estate!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1925, this property is marketed primarily for its 4-acre land value and development potential in an exclusive location. The listing explicitly targets builders and developers to 'create a private estate,' indicating the existing structures are at the end of their functional life despite their current use for rental income.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 175977, living area = 1.
- Premier Location
Situated in Central Woodside within walking distance to Town Center and top-rated schools, offering unparalleled proximity to Silicon Valley's venture capital hub and Stanford University.
- Expansive Acreage and Privacy
The massive 4-acre lot provides a rare combination of seclusion and stunning western hill views, serving as an ideal canvas for a world-class private estate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1, other record living area = 430. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Significant Redevelopment Costs
With original structures dating back to 1925 and minimal functional square footage, the property requires a substantial capital investment beyond the purchase price to achieve modern luxury standards.
- High Entry Price for Land
At a $14.8 million list price for what is essentially a development site, the cost basis is extremely high, which may limit the pool of buyers to ultra-high-net-worth individuals or specialized developers.
About 388 Albion Avenue
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 175,977 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.8 |
| Baths | 2.0 | 3.4 |
| Square foot | 1 | 3,139.375 |
| Lot Size | 175,977 | 54,015.125 |
| Price | $14.80M | $3.84M |
| Price per sq ft | $14.80M | $1.3K |
| Built year | 1925 | 1968 |
| HOA | $0 | $260 |
| Days on market | 12 | 75 |
Pricing History
Listed for Sale
Oct 12, 2026
$14,800,000
Initial Listing