How much should land in the Real Bay Area cost, when they aren’t making any more of it?  It’s hard to tell, as most of it is already covered with houses.  But today’s featured property, courtesy of Burbed reader Michael Boltonestater, may help us get an idea.  All together now: Mountain View, so close to Google!

344 BRYANT Ave
Mountain View, CA 94040
$4,400,000

3 Beds 
1 Baths 
1,216 Sq. Ft.
$3,618 / Sq. Ft.
Built: 1953 
Lot Size: 0.93 Acres 
On Redfin: 1 day
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Grant
MLS#: 81301915
Style: Traditional, Cottage/Bungalow
View: Neighborhood
County: Santa Clara

3BR/1BA WITH SPACIOUS KITCHEN OVERLOOKING YARD. FEATURES INCLUDE LIVING ROOM WITH REFINISHED HARDWOOD FLOORS, INSIDE LAUNDRY ROOM WITH PANTRY, & APPROVED PLANS FOR REMODEL/EXPANSION INTO SPACIOUS ATTIC AREA. POSSIBLE 4 LOT SUBDIVISION ON APPROXIMATELY 40,000SF LOT (. 93 ACRES). OUTSTANDING DEVELOPMENT OPTIONS WITH ACCESS FROM BRYANT FILOMENA COURT. IDEALLY LOCATED IN WELL ESTABLISHED NEIGHBORHOOD.

You know the agent is just phoning this one in to long list of OPPORTUNITY-minded investors. Otherwise, this house with all its expansion plans could have easily been featured instead of just an aerial shot.  Heck, Google even managed to find something once we realized the Redfin map was pointing to the wrong place (over at Beaumont and Apricot, and wonder why that happened, huh?)

Also look at this very odd cul-de-sac that abuts the property (right underneath the lot on the lower right).  Looks like it only culled half de sac.

So, do you think land in Mountain View in a good zip without the good schools is worth a million for a quarter acre?  Can you make money as a developer when your land costs are that high?  New homes in nearby Enclave at Waverly Park development (the old Pumpkin Patch property) went for $2M+, but they built 53 big houses there.  Hard to get economies of scale when this lot will support four of them.

Perhaps the third time’s a charm for this huge investment opportunity. The buyer is sticking to this price regardless of which agent has the deal.

948 RINCON St Mountain View, CA 94040

$1,249,950

Beds:	4
Baths:	3
Sq. Ft.:	2,036
$/Sq. Ft.:	$614
Lot Size:	4,080 Sq. Ft.
Property Type:	Detached Single Family
Style:	Tudor
Stories:	2
Year Built:	2009
Community:	Grant
County:	Santa Clara
MLS#:	80940090
Source:	MLSListings
Status:	Active This listing is for sale and the sellers are accepting offers.
On Redfin:	158 days

Move in 60 days! Located on Los Altos side of El Camino and walking distance to downtown Mountain View. Miramonte Park is an exclusive collection of 58 single family detached homes with all the charm of the great CA neighborhoods of the 20′s and 30′s. Great neighborhood, outstanding schools, and parks.

Hm… I hadn’t realized that in the 1920’s and 1930’s, that houses were built edge to edge, with giant slopes, with metal gates, and without yards in California. But then again, I’m no history buff – so who am I to say. Oh wait, it’s a description about the neighborhood! Oh that makes sense:

Uh… yeah… charm is definitely a word in the dictionary.

I’m going to go out on a limb here, and guess that getting Direct TV installed may be a bit of a challenge. But hey, if you can afford this house, you can probably Comcast!