20 Fairway Lane, Pleasanton, California 94566, Pleasanton, - bed, bath

home-pic
ACTIVE$2,925,000
20 Fairway Lane, Pleasanton, California 94566
4Beds
5Baths
2,639Sqft
27,933Lot
Year Built
1927
Close
-
List price
$2.92M
Original List price
$3.29M
Price/Sqft
-
HOA
$295
Days on market
-
Sold On
-
MLS number
41094306
Home ConditionExcellent
Features
Excellent View:
Deck
Patio
View-

About this home

Reach out- touch the stars!!! Spectacular location and magnificent Valley views! Welcome to a unique opportunity to purchase 2 separate historic properties in Castlewood. Spanish Hacienda built in 1927 on 1/2 acre lot surrounded by majestic oaks and adjacent oak-studded 1/2 acre lot, the last custom lot in Castlewood. Perfect for large custom home and ADU. Spanish Hacienda also qualifies for a separate ADU. Both properties have unobstructed views. Ample onsite parking for boat or trailer. Spanish Hacienda was built at a time when life moved at a more peaceful pace. Beautiful front courtyard with custom outdoor fireplace, 2 massive outdoor decks with breathtaking views of Mt. Diablo and the Valley. Completely remodeled inside and out with gourmet kitchen, huge island, great for entertaining. Living room boasts 25 ft. ceilings with massive hanging truss cont. Main level boasts 3 BR, 2.5 bath. Also completely remodeled separate downstairs apt. 1BR 1BA with kitchen and separate entrance overlooking the 18th fairway. Property buyer has the unique opportunity to build a secluded compound with 2 main homes, 2 ADU, with separate 1BR 1BA apt. The location is superb, the privacy is unique. This is a once-in-a-lifetime opportunity. Properties like this never go on the market!! Hurry!!

Nearby schools

8/10
Phoebe Apperson Hearst Elementary School
Public,K-51.4mi
8/10
Pleasanton Middle School
Public,6-81.8mi
9/10
Foothill High School
Public,9-122.8mi

Price History

Date
Event
Price
09/16/25
Price Change
$2,925,000
04/22/25
Listing
$3,288,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (182 Listings)
Beds44
50%
Baths53
84%
Square foot2,6392,187
62%
Lot Size27,9338,513
92%
Price$2.92M$1.85M
81%
Price per square foot$1,108$813
95%
Built year19271977
3%
HOA$295$310
6%
Days on market197160
77%
Condition Rating
Excellent

Despite being built in 1927, the MLS description explicitly states the property has been 'completely remodeled inside and out,' including a 'gourmet kitchen' and 'completely remodeled' bathrooms. The images support this claim, showcasing updated interiors with hardwood floors, modern light fixtures, and well-maintained living spaces and bedrooms. The exterior and landscaping also appear meticulously kept and recently updated, indicating minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

Panoramic Views & Prime Location: The property boasts spectacular, unobstructed valley views, including Mt. Diablo, from a superb and private location within the exclusive Castlewood subdivision.
Significant Development & Income Potential: Comprises two separate 1/2 acre lots, offering unique potential to build a second custom home, two ADUs (one for each lot), and includes an existing remodeled 1-bedroom apartment with a separate entrance, ideal for a multi-generational compound or rental income.
Extensively Remodeled Historic Hacienda: The 1927 Spanish Hacienda has been completely remodeled inside and out, featuring a gourmet kitchen with a large island, while preserving its historic charm and architectural details like 25 ft. ceilings.
Expansive Outdoor Living Spaces: Features a beautiful front courtyard with a custom outdoor fireplace and two massive outdoor decks, providing ample space for entertaining and enjoying the breathtaking views.
Ample Parking & Unique Privacy: Offers ample onsite parking suitable for a boat or trailer, combined with a unique sense of privacy afforded by its large, oak-studded lots and secluded location.

Cons

Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $3.288M to $2.925M, which may suggest an initial overpricing or challenges in market absorption at the higher price point.
Potential for High Maintenance Costs: As a historic property built in 1927, even with a remodel, ongoing maintenance for an older structure and two large, oak-studded lots could be considerable, requiring a dedicated owner.
Limited Main Residence Square Footage for Price Point: While offering significant development potential and a separate apartment, the main hacienda's 2639 sqft might be considered modest for a nearly $3 million property on a 1-acre lot, potentially narrowing the buyer pool seeking a larger primary home.

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