1339 Terra Vista Court, Milpitas, California 95035, Milpitas, - bed, bath

home-pic
ACTIVE$2,950,000
1339 Terra Vista Court, Milpitas, California 95035
0Bed
0Bath
6,000Sqft
60,548Lot
Year Built
2024
Close
-
List price
$2.95M
Original List price
$2.95M
Price/Sqft
-
HOA
$250
Days on market
-
Sold On
-
MLS number
ML81979996
Home ConditionExcellent
Features
Excellent View:
View-

About this home

The premier Silicon Valley lot with no equal Feel on top of the world in this no-compromises exclusive location! Build your dream estate on this amazing 1.39 acre parcel with 360-degree views. The spectacular and unobstructed views include the city lights of Milpitas, Fremont, and San Jose, plus the San Francisco Bay, Santa Cruz Mountains, and even San Francisco on a clear day! This parcel features a large flat area for your castle in the hills. The elevated location ensures that your commanding views will never be obstructed by future development. Up close are the greens of the Bay View Golf Club and the natural beauty of the East Bay hills. This parcel shares in exclusive use fifteen acres of open space. This property is a 3-minute drive to Interstate 680, granting quick access to Silicon Valley, San Jose Airport, shops, restaurants, and much more! Bay View Golf Club and Restaurant Summitpointe Golf are less than a minute away- perfect for any golfing enthusiast. Water, electricity, and city sewer are in place (available at the street). This parcel is zoned for residential. City of Milpitas residential hillside ordinances apply (R1-H zoning).

Price History

Date
Event
Price
09/11/24
Listing
$2,950,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (56 Listings)
Beds04
Baths03
Square foot6,0001,860
98%
Lot Size60,5485,700
96%
Price$2.95M$1.82M
93%
Price per square foot$492$979
2%
Built year20241977
98%
HOA$250
0%
Days on market419146
98%
Condition Rating
Excellent

This listing is for a vacant 1.39-acre residential lot, not an existing home. The 'year_built: 2024' indicates it's a new listing for a buildable parcel. The description highlights it as a 'premier Silicon Valley lot' ready to 'Build your dream estate,' with utilities (water, electricity, city sewer) in place at the street. Since there is no existing structure, there are no kitchens, bathrooms, or other interior components to assess for condition. However, the property's condition as a buildable lot is excellent, offering the potential for a brand-new, custom-built home that will meet current quality standards, aligning with the 'Newly built or fully renovated recently' aspect of the 'Excellent' criteria in terms of future potential and the readiness of the land for construction.
Pros & Cons

Pros

Unobstructed Panoramic Views: The property offers unparalleled 360-degree views of city lights (Milpitas, Fremont, San Jose), the San Francisco Bay, Santa Cruz Mountains, and even San Francisco, guaranteed to remain unobstructed due to its elevated position.
Prime Development Opportunity: A generous 1.39-acre parcel with a large flat area, ideal for building a custom luxury estate in a highly sought-after Silicon Valley location.
Essential Utilities Available: Water, electricity, and city sewer are already in place at the street, significantly simplifying and reducing the initial costs and complexities of development.
Exclusive & Private Setting: Located in an exclusive area, offering privacy and a 'top of the world' feel, complemented by shared access to fifteen acres of open space.
Excellent Accessibility & Local Amenities: Just a 3-minute drive to Interstate 680 for quick access to Silicon Valley, San Jose Airport, and urban conveniences, with two golf clubs less than a minute away.

Cons

Significant Development Required: As a vacant lot, the buyer must undertake the entire design and construction process for a new home, involving substantial time, financial investment, and project management beyond the land purchase.
Restrictive Hillside Ordinances: Development is subject to the City of Milpitas residential hillside ordinances (R1-H zoning), which can impose complex building requirements, design limitations, and potentially higher construction costs.
High Upfront Land Cost: The list price of $2.95 million for the land alone represents a considerable initial investment before any construction, potentially narrowing the buyer pool to those with significant capital.

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 market stats by State