The Carolands is Hillsborough's "every neighborhood"

Carolands real estate ranges in price from the mid-$3 million all the way up to eight figures. The community’s housing inventory leans toward sprawling, three-, four- and five-bedroom ranch-style homes built in the 1950s and 60s, with spacious half-acre-and-up lots. Many have San Francisco Bay views. Dotted in among the original mid-century homes are newer, often larger properties, and a handful of older, traditional homes whose origins pre-date the subdivision of the original Carolands estate.

Carolands saw a significant drop in overall sales in 2022. By year’s end, only 17 homes had sold in Hillsborough’s second-most popular neighborhood, equal to the total sold in 2020 and 2019 but down 41% from 2021’s record-setting total of 29. Average and median prices, which rose impressively in 2021 (26% and 22%, respectively, from 2020) fell by 3% and 4%, while average price per square foot, which increased by 20% year-over-year in 2021, rose another 7% to $1,447. Average DOM rose precipitously to 60, an increase of 138% from 2021’s 25, while price per square foot and sale-to-list price ratio remained somewhat static.

 To view a detailed google map of the Carolands neighborhood, click here. The MLS area is 446.


  • A wide range in real estate prices

  • Has newer and larger properties as well as older and traditional homes

  • Spread out, ranch style homes with spacious, half-acre-and-up lots

  • Many homes have San Francisco Bay views


  • Inventory is typically on the lower side

  • 551


  • $4.85M

    Median Sale Price

  • $5.67M

    Average Sale Price

Pricing data based on single-family homes

Carolands on the Map

Hillsborough Real Estate Market Review

In my 12th annual review of the Hillsborough residential real estate market, I examine 2023 market trends and relevant sales statistics. You'll learn first-hand what’s happening in your neighborhood.

Schools & History


Carolands is a home to West Hillsborough Elementary School, one of the Hillsborough’s three excellent public elementary schools. The school is located on Barbara Way between Hayne Road and Denise Dr. Portion of the neighborhood attends North Hillsborough Elementary School, located in the Country Manor neighborhood on Eucalyptus Avenue.

There is one public middle school in Hillsborough, Crocker Middle School, which is located in the Country Club Manor neighborhood on Ralston Avenue. It is about 5 minute drive from Carolands.

Hillsborough does not have its own public high school. Most of the neighborhood goes to Burlingame High School, located in Burlingame on Margini Way. To search a high school by a specific address using a School Locator, click here.


The 100-room mansion for which Carolands is named was built for railroad heiress Hariett Pullman Carolan in 1914. Twice considered for service as a Western White House (in 1939 and 1960), the home still stands. Its original 554-acre plot of land, however, was subdivided in the late 1940s, creating what is now a long-established residential community. In 1998, after decades of decline, the mansion found new owners and underwent a $20 million restoration.

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