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Located at the end of Encina Avenue near the prestigious Atherton border and one of the most desirable addresses in Silicon Valley, this private Menlo Park homesite presents a rare opportunity to build a custom modern estate on one of the areas finest streets. The offering includes the lot, fully approved building permits, and complete construction of the residence, with an estimated move-in-ready date of Spring 2027. Construction is anticipated to begin in February 2026, offering buyers certainty, timeline clarity, and entitlement security. Approved plans feature a thoughtfully designed 3,686± sq ft home with a 400± sq ft garage, 4 bedrooms, and 4.5 bathrooms, including dual primary suites with ensuite baths on both levels. The design includes an open floor plan with separate living and dining areas, exceptional indoor-outdoor connectivity, mudroom, laundry room, and a spacious open-concept kitchen with modern amenities. The home is set on a 9,498± sq ft lot. Plans also include solar, EV charging in the garage, and separate approved plans for a detached ADU (ADU construction not included in purchase price). Option available to purchase land and approved plans only. Ideally located near major tech campuses, downtown Menlo Park, dining, parks, and commuter routes.
Listing agent: Matt McCormick DRE #01962436 mattmccormickestates@gmail.com, Listing office: Coldwell Banker Realty
MLS data updated 11/1/2026, 4:00:32 PM PT
Source: CRMLS, MLS #: ML82031288
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jan 15, 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
$5,250,000Original asking price · Jan 15, 2026ZIP 94025 · Jan 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.