For Sale120d on market
3900 Marsten Ave
Belmont, CA, 94002 • Plateau-Skymont • San Mateo County
$5,800,000
-$2,199,999 since Mar 27, 2026
19.8 acLot
Property DNA
MiscellaneousStructures
MiscellaneousStructures
This home is getting attention
Listed 120 days ago · 429 views · 16 saves
Market activity
Demand and pricing signals for this listing
429 views
People checking out this listing
16 saves
Buyers have saved this home
120 days on market
Established listing
About this home
Lot
*NEW PRICE* RARE Peninsula Offering! One of the Last Open Parcels for Possible Luxury Development! Extraordinary opportunity to acquire last remaining open tract of land! Bucolic setting, sweeping natural beauty, unmatched future potential. This serene property of approximately 19.75 acres may offer the possibility to create 7 to 8 parcels, each envisioned for a luxury estate home+ ADU. Buyer can choose to pursue and qualify under Cal. SB9, a parcel could potentially accommodate 2luxury estate homes + ADUs. *No development potential has been verified. This special property could lend itself to a range of uses: multi-generational living, income opportunity, a family compound, private gated community, premium investment, or signature development, all subject to Buyer investigation & City & County Building Division approval. Part of the acreage was formerly used as a farmhouse with horse stalls & corral, enhancing the property's character & versatility. The lands natural contours, mature landscape, peaceful surroundings create an environment seldom available! Minutes to premier schools, transportation, SF/Silicon Valley, modern conveniences. A highly coveted location! Buyer must conduct their due diligence regarding buildability, development feasibility, allowable uses & lot size.
Standout features identified
Our analysis highlights bucolic setting, rare peninsula offering, and peaceful surroundings as key attractions of this home.
Estimated monthly payment
Based on current rates
$36,617/month
Principal & Interest$28,884
Property Tax$5,800
Insurance$1,933
Down payment20% ($1,160,000)
3%50%
Est. 6.35% rate · 30yr fixed · $4,640,000 loan
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At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeResidential Development Land, Unimproved Land
Systems
Water / SewerOther / Public Sewer
Parking & Outdoor
FencingNone
Lot19.75 Acres
Location & Tax
NeighborhoodPlateau-Skymont
ZoningA00000
Annual tax$31,451
Parcel043072490
Features & details
2 categories of property features
Exterior Features
Lot Features
Rolling Slope
Other Structures
MiscellaneousStructures
Listing insights
Market data and value estimates
StatusFor Sale
Days on market120
Est. value$3,140,200
Est. rent$3,781/mo
Tax rate1.12%
On marketDec 7, 2025
PostedDec 8, 2025
Last sold$2,180,000
MLS updatedMar 27, 2026
Tour days6
Views429
Favorites16
How are the schools in Belmont?
3 schools rated nearby
Location
Belmont, CA, 94002
Price history
7 events
DateEventPrice$/sqftSource
Mar 27, 2026Price Change$5,800,000—MLSListings Inc
Dec 8, 2025Listed For Sale$7,999,999—MLSListings Inc
Dec 12, 2014Sold$2,180,000—Public Record
Aug 22, 2014Listing Removed$2,488,000—Paymon's Real Estate Group
Jul 2, 2014Price Change$2,488,000—Paymon's Real Estate Group
May 24, 2014Price Change$2,688,000—Paymon's Real Estate Group
May 9, 2014Listed For Sale$2,488,000—Paymon's Real Estate Group
Price Change$5,800,000
Mar 27, 2026•MLSListings Inc
Listed For Sale$7,999,999
Dec 8, 2025•MLSListings Inc
Sold$2,180,000
Dec 12, 2014•Public Record
Listing Removed$2,488,000
Aug 22, 2014•Paymon's Real Estate Group
Price Change$2,488,000
Jul 2, 2014•Paymon's Real Estate Group
Price Change$2,688,000
May 24, 2014•Paymon's Real Estate Group
Listed For Sale$2,488,000
May 9, 2014•Paymon's Real Estate Group
Tax history
26 years of records
YearTax paidAssessed value
Apr 7, 2025$31,451$2,620,026
Apr 7, 2024$30,195$2,568,654
Apr 7, 2023$29,709$2,518,289
Apr 7, 2022$28,335$2,468,911
Apr 7, 2021$27,422$2,420,502
Apr 7, 2020$27,186$2,395,684
Apr 7, 2019$26,865$2,348,711
Apr 7, 2018$26,354$2,302,659
Apr 7, 2017$25,997$2,257,509
Apr 7, 2016$25,495$2,213,245
Apr 7, 2015$12,677$2,180,000
Apr 7, 2014$12,677$1,044,712
Apr 7, 2013—$1,039,991
Apr 7, 2012—$1,019,600
Apr 7, 2011—$1,019,600
Apr 7, 2010—$992,139
Apr 7, 2009—$994,497
Apr 7, 2008—$974,998
Apr 7, 2007—$955,881
Apr 7, 2006—$937,139
Apr 7, 2005—$937,139
Apr 7, 2004—$900,750
Apr 7, 2003—$884,242
Apr 7, 2002—$866,905
Apr 7, 2001—$849,908
Apr 7, 2000—$833,244
Nearby homes
Neighborhood details
Local context around this listing
Belmont, CA • San Mateo County
Nearby neighborhoods
Belmont HeightsCentralCiprianiDowntownHomebireMcDougalNotre Dame de Namur UniversityPlateau-SkymontSterling DownsWestern Hills
Nearby cities
BurlingameDaly CityFoster CityMenlo ParkPacificaRedwood CitySan BrunoSan Carlos
Nearby zip codes
9400294062
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Based on information from the MLSListings MLS as of 2026-04-07 12:49:19 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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