Atop prestigious Los Altos Hills, overlooking the Bay, 27361 Altamont Road is a $5,100,000 piece of valuable dirt. MLS shows this approx. 3 acre view property closing for $5,100,000 this April after being offered at $5,900,000. The property changed hands 2 other times in the last 7 years including July 1998 when it sold for $3,000,000 and in November 1999 when it fetched $3,550,000. Today, you will again find 27361 Altamont Road on the MLS, albeit a shadow of its former self, now approx. 1.43 acres offered at $2,950,000. (MLS # 517466)

I have just posted a new PDF report with all of the Vacant Lot Sales Prices for 2005 year to date in select towns including Hillsborough, Atherton, Woodside, Menlo Park, Los Altos Hills, and Portola Valley. Click on "Market Updates" tab above, and then select "Peninsula Luxury Reports" from the pull-down menu.

Hillsborough also recorded a recent vacant lot sale at 1960 Parkside for $3,500,000, a good buy by many accounts.