123 Stockbridge Avenue, Atherton, California 94027, Atherton, - bed, bath
ACTIVE$7,998,000
123 Stockbridge Avenue, Atherton, California 94027
4Beds
4Baths
3,190Sqft
50,400Lot
Year Built
1936
Close
-
List price
$8M
Original List price
$8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82023495
Home ConditionTear down
Features
Pool
Patio
View-
About this home
Discover a rare gem in West Atherton! This flat 1.157-acre lot offers privacy with lush perimeter foliage, making it a prime spot for future dreams. While the existing French Country style home includes 4 bedrooms and 4 baths, the true value lies in the expansive land itself. Ideal for new construction and building your dream lifestyle, this property is conveniently located near Stanford University, Menlo Circus Club and bustling local hubs. Embrace the endless possibilities this prime real estate presents.
Price History
Date
Event
Price
10/01/25
Listing
$7,998,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (18 Listings) | |
|---|---|---|---|
| Beds | 4 | 5 | 32% |
| Baths | 4 | 4 | 50% |
| Square foot | 3,190 | 3,790 | 32% |
| Lot Size | 50,400 | 43,730 | 74% |
| Price | $8M | $8M | 47% |
| Price per square foot | $2,507 | $1,757 | 79% |
| Built year | 1936 | 1958 | 11% |
| HOA | |||
| Days on market | 35 | 166 | 5% |
Condition Rating
Tear down
Built in 1936, the property's listing description explicitly states 'the true value lies in the expansive land itself. Ideal for new construction,' indicating the existing structure is not the primary asset. Images reveal significant deferred maintenance, including overgrown landscaping, a neglected pool, and worn, dated interior finishes. The complete absence of kitchen and bathroom photos further suggests these critical areas are in very poor or original condition, reinforcing that the house is considered a tear-down for redevelopment.
Pros & Cons
Pros
Prestigious Location: Situated in highly desirable West Atherton, offering unparalleled proximity to Stanford University, the exclusive Menlo Circus Club, and bustling local hubs.
Expansive & Buildable Lot: A substantial 1.157-acre (50,400 sqft) flat lot provides ample space and an ideal, easily developable foundation for new construction.
Exceptional Privacy: Enhanced by lush perimeter foliage, the property ensures a secluded and tranquil living environment, a premium feature in this affluent area.
Significant Development Potential: Explicitly marketed as ideal for new construction, this property offers a rare opportunity for buyers to build a custom luxury estate tailored to their exact specifications.
Strong Land Value Proposition: The true value of this property lies in its expansive land, offering a robust foundation for long-term appreciation and investment in a prime real estate market.
Cons
Outdated Existing Structure: The 1936-built French Country style home is likely not aligned with modern luxury standards, implying it's a tear-down candidate or requires extensive, costly renovations.
Substantial Additional Investment Required: The focus on new construction means buyers must factor in significant costs for demolition and building a new luxury home, on top of the already high purchase price.
Limited Immediate Livability: Given the emphasis on new construction, the existing home may not offer immediate, high-end livability without considerable upgrades, making it less appealing for buyers seeking a move-in ready luxury property.