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**Rare Westside Morgan Hill Estate & Development Opportunity Within City Limits!** Spectacular +-3.8-acre property situated in the highly desirable Llagas Valley, offering panoramic views of the surrounding hills and iconic El Toro Mountain. Truly one of a kind! The property's previous home was destroyed by an attic fire more than a year ago, with the existing foundation and shell remaining potentially providing an opportunity to streamline the process of rebuilding a spectacular new estate replacement home. For developers and investors, the property presents an exceptional opportunity to potentially subdivide into up to four separate residential estate lots. Alternatively, this is the perfect setting to create a private family compound or build a magnificent Westside estate on the existing acreage. Surrounded by prestigious multi-million-dollar homes and some of Morgan Hills most desirable countryside real estate, this is a unique opportunity to create something special in one of the areas premier residential settings.
Listing agent: Matthew Telfer DRE #01363041 matt@scountyrealty.com, Listing office: South County Realty Mh
MLS data updated 10/24/2026, 4:24:56 PM PT
Source: CRMLS, MLS #: ML82062097
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 21, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,500,000Original asking price · Sep 21, 2026ZIP 95037 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.