Peninsula Development
3900 Marsten Avenue, Belmont, CA 94002
For Sale
$5,800,000
Pending
Large peninsula parcel offering potential for residential subdivision or estate development, subject to buyer due diligence and approvals.
Property SizeContact for details
Lot Size19.75 Acres
Days on Market315
Property Features for 3900 Marsten Avenue
General Information
Standard status
Lot size
Property subtype
Listing Agency:
KW Advisors
(650) 627-3700
Listed By:
Wong Real Estate Grp · License CA #70010239
(650) 619-2790
Source:
Exitrealty
Added: Jan 4
Changed: Oct 25
Last Checked: Oct 12 at 4:39PM
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 KW Advisors
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Investment Insights
Based on property information with market context.
Offered for sale is a land parcel described by the seller as approximately 19.75 acres, presented as a rare peninsula opportunity. The property is characterized by mature landscaping and a peaceful, bucolic setting with sweeping natural beauty. The land includes an area that was formerly used as a farmhouse with horse stalls and a corral, adding to the site’s character and versatility.
The seller indicates the tract may be suitable for creating approximately 6 to 8 parcels, with each envisioned for a luxury estate home and an ADU. The buyer may also choose to pursue and qualify under California SB 9, where a parcel could potentially accommodate two luxury estate homes plus ADUs, depending on qualification. The seller further notes that no development potential has been verified, and all feasibility, allowable uses, and buildability are subject to buyer investigation and City and County Building Division approval.
This property is best suited to buyers planning a multi-generational residence, a family compound, or a private residential community, as well as those exploring subdivision or other residential concepts. Any development approach, including gated community plans or income-oriented living arrangements, should be validated through due diligence regarding permitting requirements, lot configuration, and development feasibility.
The seller indicates the tract may be suitable for creating approximately 6 to 8 parcels, with each envisioned for a luxury estate home and an ADU. The buyer may also choose to pursue and qualify under California SB 9, where a parcel could potentially accommodate two luxury estate homes plus ADUs, depending on qualification. The seller further notes that no development potential has been verified, and all feasibility, allowable uses, and buildability are subject to buyer investigation and City and County Building Division approval.
This property is best suited to buyers planning a multi-generational residence, a family compound, or a private residential community, as well as those exploring subdivision or other residential concepts. Any development approach, including gated community plans or income-oriented living arrangements, should be validated through due diligence regarding permitting requirements, lot configuration, and development feasibility.
Key Highlights
- Approximately 19.75‑acre peninsula parcel offering potential for residential subdivision or estate development, subject to buyer due diligence and approvals.
- Seller indicates potential to create 6 to 8 parcels for luxury estate homes with ADUs (no development potential verified).
- Buyer may be able to pursue Cal. SB9; seller notes that a parcel could potentially accommodate 2 luxury estate homes with ADUs (qualification/buildability to be verified).
Property Analytics
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Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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Business Placement
Demographics for 94002, CA
28,513
Population
11,307
Households
2.5
Avg Household Size
40
Median Age
69%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
5,092
Density / Sq Mi
$204,573
Median Household Income
$120,322
Median Earnings
$2,889
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 - Large peninsula parcel offering potential for residential subdivision or estate development, subject to buyer due diligence and approvals.
Where is this residential land & home lot located?
The property is located at 3900 Marsten Avenue Belmont, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Approximately 19.75‑acre peninsula parcel offering potential for residential subdivision or estate development, subject to buyer due diligence and approvals.; Seller indicates potential to create 6 to 8 parcels for luxury estate homes with ADUs (no development potential verified).; Buyer may be able to pursue Cal. SB9; seller notes that a parcel could potentially accommodate 2 luxury estate homes with ADUs (qualification/buildability to be verified).
