
Los Altos, California 94024
This Development-Ready Residential Asset is listed at $5,750,000, positioned above the $4,998,264 Fair Market Value. While the current structure holds a Condition Rating of 4, the property’s primary value lies in its 17,500 sq. ft. rectangular lot, which offers exceptional potential for a custom luxury build in a prestigious 94024 neighborhood. Featuring a large deep backyard and a private patio, this site provides a premium canvas for high-end architectural development. This is a strategic acquisition ideal for Custom Home Builders or Luxury Real Estate Investors seeking a prime Los Altos location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 Arroyo Road Subject 3 bd · 2 ba · 1,492 sqft · $3,350 | $5,750,000* List Price | 3 | 2 | 1,492 | $3,350 | - |
A 653 Rosewood Court Sold 3 bd · 3 ba · 1,865 sqft · $2,788 · 1.0 mi | $5,200,000 | 3 | 3 | 1,865 | $2,788 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this 74-year-old California Ranch appears well-maintained and livable with some cosmetic updates like hardwood floors and fresh paint. However, it is fundamentally dated, and the listing explicitly suggests the property as a site for a new home, indicating that the kitchen, baths, and core systems likely require significant modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17500, living area = 1492.
The property features a rare, 17,500 sq. ft. perfectly rectangular lot with a deep backyard, providing a premium canvas for a significant estate or luxury landscaping.
The lot's dimensions and size make it an ideal candidate for a custom new-build project, offering significant value-add opportunities in a high-demand market.
The existing 1,492 sq. ft. home built in 1950 is small relative to the lot size and likely requires a complete teardown or extensive renovation to meet modern luxury standards.
With a list price of $5.75M, the cost is almost entirely in the land value, making the entry price high for buyers not intending to rebuild or significantly expand.
Exceptional opportunity to build a new home or renovate the existing home. Level, perfectly rectangular rare lot of approximately 0.4 acre (17,500 sf) is in a prime location less than 1.5 miles from the Village. The expansive parcel provides an outstanding setting for creating a dream home but is also move-in ready with crisp white interiors and hardwood or wood-look floors. There are 3 bedrooms and 2 baths and a traditional living room with fireplace and formal dining area, each opening to the rear yard through sliding glass doors. The home also has a primary bedroom suite, kitchen with full complement of appliances, vintage appointed baths, and an attached 2-car garage with laundry. The deep rear yard features a pool, generous lawn and hardscape areas, and mature perimeter trees. Excellent Los Altos schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,492 | 2,119.516 |
| Lot Size | 17,500 | 11,342.516 |
| Price | $5.75M | $4.25M |
| Price per sq ft | $3.9K | $2.0K |
| Built year | 1950 | 1969 |
| HOA | $0 | $580 |
| Days on market | 5 | 29 |
Oct 19, 2026
$5,750,000
Initial Listing