61 Lloyden Drive came on the MLS August 25 at $5,699,000. Coldwell Banker shows a cut to $4,999,000 on September 11, and this morning MLSListings had it at $4,799,000. That's $900,000 off the first ask, about 15.8 percent, in 69 days.It's a 1947 house, four bedrooms and three baths, about 2,700 square feet plus a 200-square-foot guest room or office out back, on a 14,390-square-foot lot near Fair Oaks Lane. Remodeled kitchen, new primary bath, one-car garage. At today's price that's $1,777 a foot of house and $333 a foot of land. The listing puts it in the Redwood City Elementary School District. Coldwell Banker's history shows a $767,000 sale in September 2001. Alex Abela at Achievers Realty Group has it. MLS ML82058929.298 Alameda de las Pulgas has been on longer. It listed May 29 at $4,988,000, dropped to $4,799,000 on August 11 and to $4,588,000 on September 11. Down $400,000, about 8 percent, and at 157 days on site. The remarks say the seller is very motivated.The pitch is six bedrooms and six baths counting a second-story ADU built over the carport, with 2,771 square feet on the MLS. The lot is 7,204 square feet. That's small for Atherton. Lloyden's lot is about twice that, and 2 Irving's, which I get to below, is more than five times. The listing puts it in the Las Lomitas Elementary School District. Per foot it's $1,656 of house and $637 of land. Last recorded sale was $1,115,000 in 2012. The 2025 tax bill was $21,551. Christy Herman at Vision Real Estate. MLS ML82048261.11 De Bell sits just under both at $4.58 million, and I wrote that one up October 19 as a Lindenwood homesite. Past it, these two are the lowest single-family asks Coldwell Banker shows in town today.Now the other end. 97 Santiago Avenue, west Atherton near the Menlo Circus Club, sold June 20, 2025 for $13,750,000. Benchmark Builders put up a new house, and it hit the MLS June 26, 2026 at $27,800,000, a hair over double the purchase price a year earlier. It now shows pending. Coldwell Banker's record was last updated October 16, and I don't have the contract price.The house is 10,595 square feet on three levels, six bedrooms, seven full baths and three halves, on a 37,354-square-foot lot. Second kitchen for a caterer, wine cellar, gym with steam and sauna, pool, spa and a cabana with a fireplace. The listing puts it in the Menlo Park City School District. At the ask that's $2,624 a foot of house and $744 a foot of land. Zach Trailer at Compass. MLS ML82052384.On the tax roll, the 2024 assessment fell to $3,869,880, the kind of drop that usually lines up with a demolition, and the 2025 roll went to $14,438,395 with a $102,419 bill. A buyer gets reassessed at the purchase price. At $27.8 million, the 1 percent base alone would be $278,000 a year before local add-ons.One more on the cheaper side that moved. 2 Irving Avenue in Lindenwood, a 1948 house on 40,314 square feet, listed September 17 at $6,790,000 and shows pending. That's about $168 a foot of land, half what Lloyden asks per foot of dirt today. It's also a much bigger lot.Coldwell Banker's Atherton page this morning had 28 listings with 14 pending or contingent. On Friday's count it was 13 of 28.Altos Research's Friday pull (October 30) has 21 single-family actives in Atherton, median list $10,500,000, median days on market 28 and 14 percent of actives with a price decrease. Market Action Index 42, up from 38 a month ago. Freddie Mac's 30-year average came in at 7.24 percent on October 29. Every house in this piece is past the conforming limit, so jumbo pricing applies, and that runs on its own sheet.If you're looking at 2 Irving-sized lots for a split, I've done SB9 deals in Atherton. It depends on the parcel, the town's current standards and the owner-occupancy affidavit, so talk to planning staff first. General information only.Michael Williams is a Bay Area agent with Golden Gate Luxury (Turbohome Inc). Seventeen years in, more than $250M closed, formerly #1 at Flyhomes and Aalto, DRE #01780513. Golden Gate Luxury is not affiliated with Golden Gate Sotheby's.General market commentary only. Nothing here is legal, tax, or financial advice. Listing details, sale records, and market stats change; verify current MLS and public records before acting on any of it.Also on Medium: https://medium.com/@michael_30207/two-of-athertons-lowest-asks-are-down-1-3-8bc90977e915
Michael Williams
Luxury Specialist
Area served: Sausalito, Marin County, CA, Menlo Park, CA, San Francisco, CA
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