San Carlos Real Estate Agent, San Carlos Realtor San Carlos Notches Its First $5M Home Sale. | The White Oaks Blog
San Carlos Real Estate September 18, 2015

San Carlos Notches Its First $5M Home Sale.

by Chuck Gillooley

An Exclusive Club.

Well, it was bound to happen sooner or later…

With the way the economy has been driving San Carlos home prices upward in leaps and bounds over the past 4 years, it was only a matter of time — after all, it was just less than two years ago that the $4M barrier in San Carlos was broken for the first time (on the MLS) with the sale of 5 Coronado Avenue at $4,500,000. That sale was a slightly different animal, since the value of that purchase was more in the 7+ acres of land, and not so much the ~800 square foot house that resided on it.

But the San Carlos real estate world was abuzz yesterday when the largest single-family residence sale (of those listed on the MLS) closed and became the exclusive member of the $5M Club in San Carlos.

168 Queens Court.

If a home in San Carlos was going to set that mark, then it makes sense that it was one of the homes up in Hyde Park. This little enclave in the upper reaches of Devonshire Canyon is home to some of the largest and most regal homes in all of San Carlos (hence the street names King and Queens Court.) The homes in Hyde Park are grand in their scale and architecture, and many sport fabulous views of the San Francisco Bay.

 

168 Queens Court, San Carlos
168 Queens Court, San Carlos

 

168 Queens Court, which was listed by Jim Arbeed of Coldwell Banker and just closed for $5,380,000, was no exception to that standard. It’s a massive house, at 6,510 square feet with 5 bedrooms, and 4.5 bathrooms. It’s situated on nearly 3/4 of an acre at the end of Queens Court, so you know the views are sublime. And the finishes are all top-notch throughout. (Click on the picture above for all of the listing details and photos.)

If a home was to be the charter member of an exclusive club, this one is certainly worthy.

Top 5 Home Sales in San Carlos.

While I was digging through the history of San Carlos single-family home sales yesterday, I was wondering what other homes 168 Queens Court surpassed on the MLS to become the top dog.  Here is a list of the top 5 homes sales in San Carlos that were reported on the MLS (unfortunately, it doesn’t take into account any private sales that were not recorded.)

San Carlos Address Sales Price Year Sold
168 Queens Court $5,380,000 2015
5 Coronado Avenue $4,500,000 2012
108 Queens Court
$3,300,000 2002
39 Oak Creek Lane
$3,200,000 2013
39 Oak Creek Lane
$3,100,000 2006

A few things of interest popped up when I was compiling this list.  First, it’s not a typo that 39 Oak Creek Lane is included in the list twice. It made the top 5 list both times it sold.

Second, the number of home sales does not grow exponentially when we look at the next segment below –  the $3M range.  There have only been 4 of those sales reported on the MLS in the history of San Carlos, and 39 Oak Creek Lane was two of those four.  So the class of homes that have sold for $3,000,000 or higher in San Carlos remains quite exclusive with a membership of 5.

But the way house prices are climbing in San Carlos, I have a hunch that club will be getting quite a few new members in the coming years…
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