Description
A rare opportunity to acquire one of the largest remaining residential development land holdings on the San Francisco Peninsula. The property consists of approximately 100.57 gross acres situated within the City of Belmont and designated HRO-3 (Hillside Residential/Open Space) zoning. The site has been the subject of extensive engineering and planning studies, including development concepts prepared by BKF Engineers identifying two primary clustered residential development areas. The property offers the potential for a phased residential community while preserving significant permanent open space consistent with Belmont hillside development policies. The assemblage is comprised of eight parcels and benefits from proximity to established residential neighborhoods, top-rated schools, Highway 92, Interstate 280, and major Silicon Valley employment centers. Historical planning efforts and engineering studies indicate the potential for a clustered Development, subject to updated engineering, environmental review, and City approvals. The property's elevated setting offers the opportunity for premium view-oriented homesites, significant open space amenities, and a unique master-planned residential community within one of the Bay Area's most supply-constrained housing markets.
Details
| MLS # | ML82050896 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 77 |
| Listing Provided By | Coldwell Banker Realty | Cameron Jeffs |
Features
| Zoning | HRO-3 |
|---|---|
| Acreage | 100.57 |
| Property View | Yes |
Exterior
| Fencing | Chain Link, Partial |
|---|
Utilities
| Sewer | Public Sewer, Other |
|---|
Area Information
| State | CA |
|---|---|
| County | San Mateo |
| City | Belmont |
| Zip Code | 94002 |
| Area | 699 Not Defined |
| Listing VS Median (in 94002) | |
Price: $12,000,000 low | high Med: $1,800,000 On site: 77 low | high Med: 196 | |
Market Activity 94002
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Learn More About This Property
| State | CA |
|---|---|
| County | San Mateo |
| City | Belmont |
| Zip Code | 94002 |
| Area | 699 Not Defined |
| Listing VS Median (in 94002) | |
Price: $12,000,000 low | high Med: $1,800,000 On site: 77 low | high Med: 196 | |