Development Opportunity in Redwood
For Sale
$1,299,000
3923 Lakemead Way, Redwood City, CA 94062
Vacant lot with pending permitted plans for luxury construction.
Property SizeContact for details
Days on Market174
Property Features for 3923 Lakemead Way
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Amenities
Gently Sloped
Listing Agency:
CHANNEL REAL ESTATE INC
(408) 393-4722
Listed By:
JOEL LEON
(408) 571-0630
Source:
Corcoran
Added: Mar 13
Changed: Aug 31
Last Checked: Sep 1 at 7:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHANNEL REAL ESTATE INC
Investment Insights
Based on property information with market context.
This vacant lot presents an exceptional development opportunity within a desirable luxury neighborhood characterized by established high-end homes. The property is offered with pending permitted plans for a main residence and a detached Accessory Dwelling Unit (ADU), totaling nearly 3000 square feet of living space. These plans provide a strong foundation for a luxury new construction project, offering flexible design potential. This opportunity is ideal for builders, developers, or buyers seeking to construct a custom residence. The planning process is completed, and permits are about to be approved, giving buyers a head start. This is a rare opportunity to secure a build-ready lot in a premium location with strong luxury demand.
Key Highlights
- Pending permitted plans for a main residence plus detached ADU totaling nearly 3000 sq ft of living space.
- Build‑ready lot in a premium location with strong luxury demand.
- Located in a highly desirable luxury neighborhood surrounded by established high‑end homes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 94062, CA
26,689
Population
10,496
Households
2.5
Avg Household Size
45
Median Age
68%
College-Educated
98%
High-School Grad
64.7 sq mi
ZIP Area
413
Density / Sq Mi
$233,333
Median Household Income
$115,938
Median Earnings
$2,885
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant lot with pending permitted plans for luxury construction.
Where is this residential land & home lot located?
The property is located at 3923 Lakemead Way Redwood City, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Pending permitted plans for a main residence plus detached ADU totaling nearly 3000 sq ft of living space.; Build‑ready lot in a premium location with strong luxury demand.; Located in a highly desirable luxury neighborhood surrounded by established high‑end homes.
