1995 Old Calaveras Road, Milpitas, California 95035, Milpitas, - bed, bath

home-pic
ACTIVE$6,600,000
1995 Old Calaveras Road, Milpitas, California 95035
3Beds
2Baths
1,750Sqft
859,003Lot
Year Built
2004
Close
-
List price
$6.6M
Original List price
$7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81967988
Home ConditionGood
Features
Excellent View: Bay, City Lights, Valley
ViewBay,City Lights,Valley

About this home

This is a unique multi faceted property with so much to offer. It includes a residence, an office, and a 9600sq ft storage building. Next to multi-million dollar estates and across the street from subdivisions. Age of home is the effective age after updates. Permitted uses by "right" include residential, wholesale nurseries and wineries. Other uses by permit include religious institutions, public schools k-12, private clubs, receptions, restaurant, bar, kennels, golf course, hospitals, clinics, shooting range, non profits, solar energy conversion facilities and much more. For more zoning information see Santa Clara County Zoning Ordinance 2.20.020. Property is serviced by Milpitas sewer and private well for water source. Don't miss the chance to explore the possibilities this property presents! Step into the future with 1995 Old Calaveras Rd!

Price History

Date
Event
Price
08/12/25
Price Change
$6,600,000
06/23/24
Listing
$6,999,888
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (57 Listings)
Beds34
34%
Baths23
40%
Square foot1,7501,824
45%
Lot Size859,0035,738
98%
Price$6.6M$1.81M
98%
Price per square foot$3,771$985.5
98%
Built year20049885989
93%
HOA
Days on market500144
98%
Condition Rating
Good

The property was built in 2004, placing it within the 10-20 year age range for a 'Good' rating. The listing description explicitly states, 'Age of home is the effective age after updates,' which strongly suggests that the residence has undergone renovations, making it feel newer than its actual age. While the provided image is an aerial view and does not allow for an assessment of interior conditions such as kitchen, bathrooms, flooring, or appliances, the high list price ($6.6M) and the property's multi-faceted nature (residence, office, large storage building) imply a well-maintained and functional state. Without interior photos, a definitive 'Excellent' cannot be assigned, but the information points to a property that is move-in ready and in good overall condition, consistent with the 'Good' criteria.
Pros & Cons

Pros

Expansive Development Potential: A vast 19.7-acre lot with highly flexible zoning (residential, commercial, institutional, agricultural) offers immense development or diverse business opportunities.
Strategic & Prestigious Location: Located in Milpitas, adjacent to multi-million dollar estates, providing a prime Silicon Valley address with strong appreciation potential.
Versatile Multi-Use Facilities: Features a residence, dedicated office, and a substantial 9600 sq ft storage building, accommodating various live-work or commercial ventures.
Exceptional Panoramic Views: Boasts stunning Bay, City Lights, and Valley views, significantly enhancing the property's aesthetic appeal and desirability.
Recent Price Adjustment: A recent price reduction from nearly $7M to $6.6M indicates a motivated seller and a potentially more attractive investment opportunity.

Cons

Niche Buyer Pool: The $6.6 million list price targets a very specific, high-net-worth buyer or developer, limiting the overall market reach.
Modest Residence Footprint: The 1750 sq ft residence is relatively small given the property's expansive land and price point, potentially necessitating future expansion or a new build for luxury estate buyers.
Private Water Source Considerations: Reliance on a private well for water may introduce concerns regarding ongoing maintenance, water quality, and perceived reliability compared to municipal services.

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