Hillsborough
Lakeview
Lakeview is one of the largest neighborhoods in Hillsborough
The neighborhood is located at Hillsborough’s western edge, and according to local lexicon is often referred to as “Upper Hillsborough”. It is also very convenient to Highway 280, and its streets are the gently curved lanes and cul-de-sacs predominant in subdivisions of the latter 20th Century.
There is no lake within Lakeview’s boundaries, but the neighborhood is in proximity to the Crystal Springs Reservoir, a pair of man-made lakes that cover what was once Laguna Grande Lake and the now-submerged resort town of Crystal Springs. Lakeview itself was sparsely populated into the 1950s, when the neighborhood was first subdivided for significant development.
After crossing the $4 million benchmark in 2021, Lakeview real estate continued its upward trajectory in 2022, finishing the year with an average home price of $4.841 million — 11% higher than in 2021. The average price per square foot, which crossed the $1,200 mark in 2021, continued to rise as well, landing at $1,259 for the year, an increase of 4.5% year-over-year. The news wasn’t all rosy for Hillsborough’s busiest real estate market, however; overall sales in Lakeview, while still the highest in Hillsborough, fell by 37.5% in 2022, from 32 in 2021 to 20 last year.
To view a detailed google map of the Lakeview neighborhood, click here.
Favorable
Homes have bigger lots, measuring between a half-acre and an acre
Diverse styles of homes, including ranch-style homes and neo-traditional multi-story residences
Close proximity to Crystal Springs Reservoir and convenient Highway 280
Adverse
Homes are smaller than those in surrounding neighborhood
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657
Homes
-
$4.08M
Median Sale Price
-
$4.51M
Average Sale Price
Pricing data based on single-family homes
Lakeview
Stats & Trends
Home Data
Per tax records
2 Bedrooms
9
homes
3 Bedrooms
150
homes
4 Bedrooms
330
homes
5+ Bedrooms
168
homes
2022 Price Data
Number of Sales
16
sales
Percent List Price Received
101.9%
Median Sales Price
$4.08M
Average Sales Price
$4.51M
Lowest Sales Price
$2.7M
Highest Sales Price
$7M
Lakeview 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
Schools
Lakeview is served by West Hillsborough Elementary, located in Carolands neighborhood. It’s about a 4 minute drive from Lakeview.
There is one public middle school in Hillsborough, Crocker Middle School, which is located in the Country Club Manor neighborhood on Ralston Avenue. It’s about an 8-10 minute drive from Lakeview.
Hillsborough does not have its own public high school. Most residents attend San Mateo High School, located in San Mateo on North Delaware Street. To search a high school by a specific address using a School Locator, click here.
History
Lakeview was built out mostly between 1950 and 1980 – half of the homes sold in 2011 were built between 1971 and 1980 and about a third were constructed during the 1950s – and a few outliers. With its relatively inexpensive property costs, Lakeview attracts its share of buyers looking to “raze and rebuild.”
Contact Raziel to find the right property for you.
With a team of experts guiding you every step of the way, our extensive knowledge and experience will ensure you have the best home buying experience possible.