$3,850,000 141 Lake RD, Portola Valley 4 bd · 5 ba · 3,380 sqft
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HomeHomes for SalePortola Valley › 141 Lake RD
34 photos · MLS data verified August 31, 2026 · Updated every 15 min
$3,850,000 Active
4 Beds·5 Baths·3,380 sqft·7,515 sqft lot·Built 2024
141 Lake RD, Portola Valley, CA 94028
Listed 133 days ago · April 20, 2026  |  MLS# ML82043726
$1,139/sqft -27% vs Portola Valley avg
What this means: Priced below the Portola Valley per-sqft average. Compare to recent sales below for context.
Est. $24,249/moP&I $19,977 · Tax $4,010 · Insurance $262 · HOA $0Assumes 20% down ($770,000) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Single Family Price Position in Portola Valley
Average $5.7M
This Home $3.9M
$2.5M$8.0M
15Active in Portola Valley
15Active in 94028
37Avg DOM
$1,553Avg $/SqFt
97.4%Sale-to-List
2.1 moInventory
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Why This Home Stands Out

📍
Portola Valley Location
Active listing in Portola Valley, San Mateo County. Convenient access to schools, parks, and Bay Area employment centers.
🏠
4 Bed / 5 Bath / 3,380 sqft on 7,515 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
💰
Listed at $3.9M vs City Average $5.2M
$1,139/sqft compared to Portola Valley avg $1,553/sqft (-26.7%).
Best fit forActive BuyersPortola Valley SearchersMove-Up / Move-In

About This Home

Bay views and cutting-edge smart house design come together in this newly built retreat by the lake. Surrounded by nature, the contemporary home is on a quiet cul-de-sac, leading to acres of open space and hiking trails, The home is designed to embrace its setting with expansive windows, skylights, multiple outdoor spaces, and views stretching to the Bay. At the heart of the home is a light-filled, open-concept living space anchored by a striking chef's kitchen, complete with an oversized island, wet bar, wine fridge, and high-tech appliances. The kitchen flows seamlessly into generous living and entertaining areas, a potential home office, and out to expansive decks, creating an effortless connection between indoors and the surrounding landscape. The multi-level design offers flexibility, including a permitted attached ADU that could alternatively function as an auxiliary family room with second kitchen for guests, a media room or fitness space. Privately situated bedrooms provide peaceful retreats, while the primary suite and rooftop deck offer elevated views of the surrounding greenery to the Bay. State-of-the-art technology is integrated throughout, including Wi-Fi-enabled appliances, solar, Tesla Powerwall, and a dumbwaiter connecting the garage to the main level.
MLSListings IDX
MLS ID #ML82043726, Kavanaugh Group. Listing provided by Coldwell Banker Realty · MLSListings Inc.
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Property Details

Property Type
Single Family Residence
Year Built
2024
Bedrooms
4
Bathrooms
5 Full
Living Area
3,380 sqft
Lot Size
7,515 sqft
Garage
2 Spaces
Price/sqft
$1,139
County
SanMateo
MLS Number
ML82043726
Status
Active
Stories
N/A
HOA
None

Interior Features

Electric, HeatPump, Heating_2plusZones, SolarwithBackup

Exterior & Lot

Metal Roof2-Car Garage0.17 Acres

Location

This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
141 Lake RD, Portola Valley, CA 94028 · SanMateo County

Market Context

Price Positioning
$ Price context: Listed at $1,139/sqft vs Portola Valley avg $1,553/sqft (26.7% below).
$ Sale-to-list: Portola Valley homes selling at 97.4% of asking.
Velocity: City avg 37 days. This home: 133 days.
🏠 Inventory: 3 4-bedroom homes currently available in Portola Valley.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
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Market Snapshot

$5,861,429Avg Sale Price
37Avg DOM
15Active Listings+200.0% vs Last Year
97.4%Sale-to-List
Full Market Snapshot →
Timothy Alston
Timothy Alston
Broker · DRE# 01328224
Aegis Luxury Real Estate
(408) 207-4593[email protected]
For Homeowners

What would your Portola Valley home sell for today?

Homes in Portola Valley are selling at 97.4% of asking in 37 days.

97.4%Sale-to-List
37Avg Days
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76 Old Spanish TRL$1,749,0002bd/2ba/1,205sf
410 Conil WAY$4,288,0005bd/3.5ba/2,940sf
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AlpineUplandsLosTrancos in Portola Valley, California (94028) continues to attract significant buyer interest. 141 Lake RD, a 4-bedroom single-family home with 3,380 square feet of living space, is listed for $3,850,000. The surrounding market reflects strong demand for properties in this price segment.

4-Bedroom Homes for Sale in Portola Valley 94028

Browse 4-bedroom single-family home listings in the AlpineUplandsLosTrancos area of Portola Valley. Properties in 94028 are currently averaging $1,553 per square foot with 37 days on market.

What to Expect When Buying in AlpineUplandsLosTrancos

The AlpineUplandsLosTrancos market in Portola Valley features a mix of single-family home properties ranging from starter homes to luxury estates. Current inventory levels suggest moderate conditions for buyers in this area.

Recently Sold in Portola Valley

Closed within 6 months · 4 bed / similar sqft · Portola Valley 94028

2 Franciscan RDG
Sold $4,950,000
4 bd · 4 ba · 3,887 sqft
$1,273/sqft · +7.7% above list
Closed Aug 28, 2026 · 9 days on market
MLSListings IDXMLS ID #ML82056839, Lisa Keith. Listing provided by Golden Gate Sotheby's International Realty · MLSListings Inc.
3510 Alpine RD
Sold $10,850,000
4 bd · 6.5 ba · 6,593 sqft
$1,645/sqft · 6.9% below list
Closed Jul 30, 2026 · 97 days on market
MLSListings IDXMLS ID #ML82038785, Sue Crawford. Listing provided by Coldwell Banker Realty · MLSListings Inc.
124 Foxwood RD
Sold $3,100,000
4 bd · 3.5 ba · 2,992 sqft
$1,036/sqft · 6.0% below list
Closed Jul 21, 2026 · 56 days on market
MLSListings IDXMLS ID #ML82044193, Lisa Keith. Listing provided by Golden Gate Sotheby's International Realty · MLSListings Inc.
Source: MLSListings Inc. Closed sales data.
For Homeowners

Your neighbors are selling. Should you?

In July 2026, 7 homes sold in Portola Valley at an average of $5,861,429. The average sale closed at 97.4% of asking price.

7Sold (July 2026)
$5,861,429Average Sale Price
97.4%Sale-to-List
Timothy
What happens when the right home lists and nobody knows you are looking for it?
In Portola Valley, 3 new listings hit the MLS this week. By the time most search sites update, the window has already narrowed.
Get Alerts for Portola Valley Homes Like This →

Nearby Portola Valley Homes for Sale View All 15 →

Similar 4-Bedroom Homes in Portola Valley View All 3 →

4 bed · $2.9M-$4.8M · Active in Portola Valley

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Portola Valley Market Overview Full Stats →

$5,861,429Avg Sale Price
37Avg DOM
15Active Listings
97.4%Sale-to-List
$1,553Price/sqft
2.1Months Inventory
7Closed (Last Mo)
6New Listings/Mo
Source: MLSListings Inc. · August 2026

Frequently Asked Questions

Listed at $3,850,000 ($1,139/sqft). Portola Valley avg is $1,553/sqft, placing this 26.7% below. Comparable recent sales help frame the value.
Listed 133 days (as of April 20, 2026). Portola Valley average is 37 days.
Est. $24,249/mo with 20% down ($770,000) at 6.75%. Includes principal & interest ($19,977), property tax ($4,010), and insurance ($262). HOA: None. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 15 active listings in Portola Valley (3 are 4-bedroom). At $3,850,000 this is positioned against the city average of $5,162,267. Similar homes have sold at 97.4% of asking.
4-bedroom homes in Portola Valley (94028) are currently averaging $1,553 per square foot. Market activity shows homes spending an average of 37 days on market in this area.
141 Lake RD in Portola Valley is currently listed at $3,850,000. This 4-bedroom, 5-bathroom single-family home is located in the AlpineUplandsLosTrancos area.

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MLSListings IDX

Property Information © 2026 MLSListings Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.

Based on information from the MLSListings MLS as of Aug 31, 2026 11:30 PM PT. 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.

These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.

Data updated every 15 minutes. Visit www.MLSListings.com for more information.

Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.

Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.

Last updated: Aug 31, 2026 11:30 PM PT | Source: MLSListings Inc.

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