RealKey
‪(213) 433-7766‬

123 Stockbridge Avenue, Atherton, California 94027, Atherton, 94027 - 4 bed, 4 bath

123 Stockbridge Avenue, Atherton, California 94027 home-pic-0
ACTIVE$12,888,000
123 Stockbridge Avenue, Atherton, California 94027
4Beds
4Baths
2,830Sqft
50,400Lot
Year Built
1936
Close
-
List price
$12.89M
Original List price
$12.89M
Price/Sqft
$4,554
HOA
-
Days on market
-
Sold On
-
MLS number
ML82028785
Home ConditionTear down
Features
Good View:
Pool
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $12.89M(70th), sqft - 2830(25th), beds - 4(35th), baths - 4(50th).

Land + Plans only Included in Price. This is an opportunity to flourish in this once-in-a-lifetime modernist masterpiece. Located in one the most sought-after locations with private expansive lots. An extraordinary opportunity to own a property in the heart of Atherton, CA on a prestigious lot. Experiencing an expansive sun-drenched lot on 1.157 Acres, flat and entirely usable, this rare rectangular parcel is perfect to maximize design and use of an incredible estate. Rare opportunity to create a modernist masterpiece / two story wonder of glass that floats with the iconic Atherton homes. This gorgeous potential retreat is designed for construction and completion is estimated to be in the Fall of 2027. An opportunity not to be missed!

Price History

Date
Event
Price
12/04/25
Listing
$12,888,000
02/18/04
Sold
$3,200,000
Condition Rating
Tear down
The listing explicitly states 'Land + Plans only' for a new 'modernist masterpiece' to be completed by Fall 2027, indicating the existing 1936 structure is not intended for use. The property analysis also mentions 'Existing Structure Implications' and 'potential demolition costs.' The images of the current house show a very old, dated structure with an unmaintained pool, consistent with a property whose value is solely in the land for redevelopment.
Pros & Cons

Pros

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 = 50400, living area = 2830.
Prime Atherton Location: Situated in one of the most sought-after and prestigious locations in Atherton, CA, known for its exclusivity and high property values.
Expansive & Usable Lot: Features a generous 1.157-acre, flat, sun-drenched, and entirely usable rectangular parcel, ideal for maximizing design and estate development.
Architectural Plans Included: The price includes detailed plans for a modernist masterpiece, saving significant time and cost in the design and initial permitting phases.
Custom Build Opportunity: Offers a rare opportunity to create a personalized, state-of-the-art 'modernist masterpiece' tailored to the buyer's exact specifications.
Strong Investment Potential: Located in a top-tier luxury market, this property presents significant appreciation potential upon completion of the custom-built estate.

Cons

Extended Project Timeline: The estimated completion for the new construction is Fall 2027, requiring a long-term commitment and patience from the buyer.
Substantial Additional Costs: The listed price is for land and plans only; the actual construction of the 'modernist masterpiece' will require a significant additional financial investment.
Existing Structure Implications: The property includes a 1936-built structure, which implies potential demolition costs and complexities not covered by the 'Land + Plans only' offering.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state