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Investment Highlights

  • Large-scale development opportunity in a high-barrier-to-entry market
  • Significant open space preservation creates community differentiation
  • Adjacent to established Belmont residential neighborhoods, proximity to major employment centers, and top rated Belmont schools

Executive Summary

The Portola Heights Property consists of approximately 100.57 gross acres strategically located in the City of Belmont, California, within one of the Bay Area's most supply-constrained and affluent residential markets. The Property offers developers the ability to control a large-scale residential land position in one of Northern California's most desirable housing markets. Few remaining sites of this size exist within the Peninsula market, particularly those capable of supporting a master-planned residential community while benefiting from the natural topography, open-space amenities, and premium residential setting that define Belmont's western hillsides.

Property Facts

Price $12,000,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Hold For Development
  • Open Space
  • Planned Unit Development
  • Public Park
  • Single Family Development
Total Lot Size 100.57 AC
Zoning HRO-3 - Hillside Residential and Open Space District – Subdistrict 3: Single-family homes with ADU's, Home occupations, Parks and open spaces Public Use

1 Lot Available

Lot

Price $12,000,000
Price Per AC $119,319.88
Lot Size 100.57 AC

The site is located adjacent to established residential neighborhoods and within close proximity to Carlmont High School, Highway 92, Interstate 280, and major employment centers with portions of the property are designated for Open Space.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40885923

  • Date on Market: 6/11/2026

  • Last Updated:

  • Address: 0 Valergra Dr, Belmont, CA 94002

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