NEW PRICE!!! The existing home on the property was recently demolished to showcase the potential of this magnificent parcel and pave the way for a buyer to build their dream home. Existing utilities onsite already including: water, gas, and electricity. Perc testing has been completed for a new septic system. This is truly a once-in-a-lifetime opportunity. Located at the end of a private road, this magnificent estate lot has spectacular views of Arastradero Preserve open space, San Francisco Bay and the western hills. Located in unincorporated Santa Clara County and part of Palo Alto Unified School District.
Sold for $17,250,000
$17,250,000
12 Arastradero Rd, Portola Valley, CA 94028
--beds
--baths
13.84Acres
Residential Lot, Unimproved Land
Built in ----
13.84 Acres Lot
$-- Zestimate®
$--/sqft
$4,005 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,005/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 31, 2026 at 01:08am
Listed by:
Hugh Cornish 00912143 650-619-6461,
Coldwell Banker Realty 650-324-4456,
Mia Banks 01890669 650-575-9037,
Coldwell Banker Realty
Bought with:
Hugh Cornish, 00912143
Coldwell Banker Realty
Stephanie Elkins, 00897565
Coldwell Banker Realty
Source: MLSListings Inc,MLS#: ML81908477
Facts & features
Property
Features
- Fencing: Chain Link,Wood
Lot
- Size: 13.84 Acres
- Features: Gentle Sloping, Rolling Slope
Details
- Additional structures: None
- Parcel number: 18201022
- Zoning: HS
- Special conditions: Standard
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Other
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Portola Valley
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2023 | Sold | $17,250,000-1.4% |
Source:  MLSListings Inc #ML81908477 Report a problem | ||
| 4/27/2023 | Contingent | $17,495,000 |
Source:  MLSListings Inc #ML81908477 Report a problem | ||
| 1/25/2023 | Price change | $17,495,000-10.3% |
Source: MLSListings Inc #ML81908477 Report a problem | ||
| 9/26/2022 | Listed for sale | $19,500,000+44.4% |
Source: MLSListings Inc #ML81908477 Report a problem | ||
| 7/2/2019 | Sold | $13,500,000-6.9% |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $215,775 -14.4% | $17,946,900 +2% |
| 2024 | $252,031 +55.9% | $17,595,000 +28.8% |
| 2023 | $161,631 -2.6% | $13,665,319 -1.8% |
Find assessor info on the county website
Neighborhood: 94028
Nearby schools
GreatSchools rating
- 8/10Lucille M. Nixon Elementary SchoolGrades: K-5Distance: 3 mi
- 8/10Ellen Fletcher MiddleGrades: 6-8Distance: 3.8 mi
- 10/10Henry M. Gunn High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- District: PaloAltoUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.