May 7, 2009

Free windmill included with purchase of house in Portola Valley

380 PORTOLA Rd, Portola Valley, CA 94028 | MLS# 80915828
380 PORTOLA Rd Portola Valley, CA 94028
Price: $4,200,000

906248094-380
Beds: 4
Baths: 4
Sq. Ft.: 4,700
$/Sq. Ft.: $894
Lot Size: 1.67 Acres
Property Type: Detached Single Family
Style: Country English
Stories: 2
View: Green Belt, Canyon
Year Built: 1991
Community: Central Portola Valley
County: San Mateo
MLS#: 80915828
Source: MLSListings
Status: Active
On Redfin: 31 days
Country charm merges with luxurious detail at this English-style estate set on approx. 1.7 acres. Exquisite finishes throughout and adding to the appeal is a meticulously planned barn with full equestrian facilities for 3 horses with an arena, plus an office, recreation/media room and a fully equipped 1 bdrm apt. English country gardens, spa & historic Dutch windmill a signature of the property.

Wow… now this is definitely over the top. A free windmill so you can generate your own energy, mill your own wheat, run your own miniature golf course, set a trap for Don Quijote. Talk about an amazing benefit – and future income stream. And this doesn’t even include the 1br apartment on the land!

And why not? Let’s celebrate the Dutch. In fact, if you buy this, you should be sure to spend tons of money investing in tulips. They’re not making tulips anymore, and everyone’s buying them.

Thanks to Burbed reader Herve for this find!

This is clearly a find for savvy investors only!

Comments (22) -- Posted by: burbed @ 5:38 am

22 Responses to “Free windmill included with purchase of house in Portola Valley”

  1. jj Says:

    This is hilarious.

    If most people had $4,200,000 do you think they would:

    (a) buy this house.

    (b) buy a similarly-sized house elsewhere for, say, $700,000, then retire with the remaining $3,500,000

    I’d say most people would opt for (b). This house is fine, but it is not so spectacular as to fetch more than 4 million.

  2. Joe Says:

    Gotta love the sales history on this one:

    Date Event Price Appreciation Source

    Mar 30, 2009 Listed $4,200,000 — MLSListings #80915828
    Oct 05, 1990 Sold $745,000 — Public Records

    The price has more than quintupled (5.6x) in less than 20 years!

    Hey, only a special buyer with the right ancestry will fit this place, has to be part Dutch, part English, and part Fool.

  3. nomadic Says:

    I don’t know jj, horse people can be a bit crazy.

    Joe – the 1990 sale was for vacant land.

  4. Pralay Says:

    In fact, if you buy this, you should be sure to spend tons of money investing in tulips. They’re not making tulips anymore, and everyone’s buying them.
    —–

    Is it “right time to buy” tulip now? After all Spring has sprung. I am looking for “pro” advice.

  5. nomadic Says:

    I think your girlfriend would say it’s ALWAYS a good time to buy (her) flowers!

  6. Pralay Says:

    Hmmm, I think that would makes her “pro” with “consistent track record”. :)

  7. nomadic Says:

    and an “investor”

  8. Pralay Says:

    When you use the word “investor” you have to add savior of economy too, nomadic. Brevity is not good in all time.

  9. Joe Says:

    Hey Pralay, as long as you realize and live with the fact that tulips will never return to their inflation-adjusted bubble-top price value, I say go buy them anytime you like. :)

  10. BuyersAreIdiots Says:

    Mar 30, 2009 Listed $4,200,000 — MLSListings #80915828
    Oct 05, 1990 Sold $745,000 — Public Records

    The price has more than quintupled (5.6x) in less than 20 years!

    Doesn’t that fly in the face of Real Excretor’s math? He indicated that Real Bay Area prices merely double every ten years. Which would mean that house should be, at most, $3,000,000.

    I think we may need to coin a new term:

    – Price doubles every ten years = Real Bay Area
    – Price quintuples every twenty years = Uber Bay Area!

    :-D

  11. anon Says:

    “Hmmm, I think that would makes her “pro” with “consistent track record”. ”

    LOL Yes.

    Only the pros know its always a good time to buy. That’s why you need their advice.

  12. Pralay Says:

    Yes, if you teach your parrot to say “it’s always good time to buy“, the parrot turns into “pro”.

  13. sonarrat Says:

    Hey Pralay, the house I’m renting lost another $5,500 in value this month. Maybe you should upgrade your equity-burn avatar from a TV to an upright piano.

  14. nomadic Says:

    uh, I don’t think you’d want to refer to a girlfriend as a “pro” though. Just sayin’.

  15. WillowGlenner Says:

    believe it or not I believe Portola Valley and woodside and areas like that will barely appreciate going forward. The whole “woodsy, outskirts” housing ideal has lost its cachet- people are looking for an urban lifestyle these days, myself included. When I was 25 or so I thought a house in Woodside would be da bomb. Now give me downtown somewhere.

  16. cardinal2007 Says:


    Date Event Price Appreciation Source

    Mar 30, 2009 Listed $4,200,000 — MLSListings #80915828
    Oct 05, 1990 Sold $745,000 — Public Records

    The price has more than quintupled (5.6x) in less than 20 years!

    The Redfin site says it was built in 1991, so they may have bought a tear-down and built a new house in the location, which would explain an increase in value. There is also no indication that the place will sell for asking, it may, it may not.

  17. nomadic Says:

    correct, cardinal. see #3 (second line) :-)

  18. WillowGlenner Says:

    Update on Obama refi plan. At first I was disappointed with the Obama refi but now, starting (realistically) this month, pretty much anybody can refi for around 5% or lower if their mortgage is fannie/freddie, they are current on payments, they have ONE, yes ONE paystub for fannie and no income verification for freddie, and they have a fico score over 600. Jumbos, everybody. I have a few mortgages that I might refi. Here are the links
    http://www.freddiemac.com/sell/factsheets/relief_refi.html

    the fannie you can lookup at du refi plus

  19. nomadic Says:

    what do you mean by “jumbos, everybody?”

  20. lynn parker Says:

    I think this is great,my great,great grandfather built the windmill and my grandmother grew up on this property.it was a spanish land grant in those days

  21. DreamT Says:

    and they don’t make anymore (spanish) land (grand)!!

  22. anon Says:

    “I think this is great,my great,great grandfather built the windmill and my grandmother grew up on this property.it was a spanish land grant in those days”

    This bears no relevance to the replacement cost or the fair market value of your property. Put another way: the market doesn’t care.


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