In 2020, Lakeview was the only Hillsborough neighborhood with an average home value under $4 million. In 2021, that average value rose by 11% to finish at $4.361 million, leaving Hillsborough without any sub-$4 million neighborhoods. Median price rose to $4.215 million, a gain of 16%, while price per square foot increased to $1,205, up 12.4% from 2020. Lakeview did this with sales holding firm (32 in each year) and average DOM increasing from 25 to 30. Sale to list price ratio was 104.7% in 2021, an increase of 7% from 2020’s 98.0%.
Lakeview real estate was dominated by an early wave of ranch-style homes and later development of neo-traditional multi-story residences, with homes often smaller than those in surrounding neighborhoods. Some properties have less than 3,000 square feet of interior living space. Most, however, fall between 3,000 and 4,000 square feet, with four or five bedrooms. Lots measure between a half-acre and an acre, and many homes have canyon views.
To view a detailed google map of the Lakeview neighborhood, click here.
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
Homes are smaller than those in surrounding neighborhood
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.
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.”
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.