Unrivaled in contemporary refinement, this expansive 4BR/4BA townhouse is set in one of Bay Meadows premier locations and stands among the communitys most distinguished residences. Architected with the presence, scale, and livability of a single-family home, the intentionally proportioned spaces flow naturally across a highly functional multi-level floor plan. Soaring ceilings, wide-plank floors, sophisticated tile-clad feature walls, modern wainscoting, rich moldings, custom built-ins, and recessed lighting elevate the interiors throughout. Premium appliances, integrated surround-sound ceiling speakers, custom closets, and a whole-home water filtration and softening system further reflect the homes exceptional attention to detail. Generous living and dining areas extend from the kitchen, giving an open, connected feel. Main-level bedroom and full bath offer welcome separation, complemented by a private lower-level ensuite bedroom. Upstairs, two additional bedrooms include a spacious primary suite with an oversized shower, walk-in closet, and private balcony. Dedicated laundry room and a finished, attached two-car garage complete the home. Paramount convenience places the community garden, parks, dining, Hillsdale Mall, and Caltrain just moments away.
Bay Meadows, located between Hillsdale Boulevard and East 3rd Avenue, is a modern and master-planned San Mateo neighborhood with a walkable street grid and a rail-adjacent setting. The neighborhood’s character concentrates around the Bay Meadows Park greenbelt and the stretch of Delaware Street, where coffee counters, small studios, and patio tables set a steady daytime hum. Contemporary townhomes and mid-rise apartments mix with landscaped paseos and pocket parks that soften the former racetrack footprint. Fieldwork Brewing Company anchors the local hangout scene with a warehouse-chic taproom feel. Hillsdale Shopping Center adds a polished retail-and-dining corridor at the edge. Caltrain at Hillsdale Station keeps the pace commuter-friendly without dominating the streetscape.
Provided by Walk Score and Local Logic
Market insights
403 Neves Rd · $2,188,000
DAYS ON MARKET
21 days
The average home goes pending in 17 days.
SALE-TO-LIST
100.5%
Most homes are selling 1% above list price.
LIST PRICE
$2,188,000
Median sale price in this area is $1,330,729. (39% lower than this home)
PRICE DROP
0 price drops
12% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Dining area
Bathrooms
Four full bathrooms
Laundry & utility
Laundry room inside the home
Heating & cooling
Central forced-air heating
Central forced-air cooling
Home design
Condominium
Three stories
Parking
Attached 2-car garage
Construction
Built in 2 (year provided as '2' in record — original year not specified)
Utilities
Public water
Public sewer
Public gas and utilities
HOA & community
Association fee of $468 per month
Association: Bay Meadows, Meadow Walk
Other
Walk Score 87
Electricity and solar
View estimated energy costs and solar savings for this home
Unrivaled in contemporary refinement, this expansive 4BR/4BA townhouse is set in one of Bay Meadows premier locations and stands among the communitys most distinguished residences. Architected with the presence, scale, and livability of a single-family home, the intentionally proportioned spaces flow naturally across a highly functional multi-level floor plan. Soaring ceilings, wide-plank floors, sophisticated tile-clad feature walls, modern wainscoting, rich moldings, custom built-ins, and recessed lighting elevate the interiors throughout. Premium appliances, integrated surround-sound ceiling speakers, custom closets, and a whole-home water filtration and softening system further reflect the homes exceptional attention to detail. Generous living and dining areas extend from the kitchen, giving an open, connected feel. Main-level bedroom and full bath offer welcome separation, complemented by a private lower-level ensuite bedroom. Upstairs, two additional bedrooms include a spacious primary suite with an oversized shower, walk-in closet, and private balcony. Dedicated laundry room and a finished, attached two-car garage complete the home. Paramount convenience places the community garden, parks, dining, Hillsdale Mall, and Caltrain just moments away.
MLSListings #ML81876882
Mar 14, 2022
Sold
$2,325,000
$1,070/sq ft
Feb 11, 2022
Pending
—
Feb 3, 2022
Listed
$1,895,000
$872/sq ft
+25
Single family living for a townhome price! Step down to your own backyard with fresh organic vegetables, flowers, fruit trees! The persimmons and apples are so delicious! BEST location in Bay Meadow with expansive community garden view! Walk to community parks, restaurants and weekend farmers market. Rare chance to own and live in one of the few model homes with premium designer upgrades throughout the property. Gourmet kitchen with high end appliances, accent walls in EACH room, customized walk in closet, designer lighting, water filter & softener system, hardwood flooring throughout. Premium multi-zone ceiling speakers throughout the house provide an immersive surround sound audio experience. Conveniently located, this home is just minutes away from Hillsdale Mall. Walking distance to Trader Joes, Whole Foods, public library and Hillsdale Caltrain station. Easy access to freeway 101 & 92 to major tech companies. Your dream home awaits!
Year
Property tax
Land + Additions
Assessment*
2025
$31,191 (+6.3%)
$674,500 + $1,575,500
$2,250,000
2024
$29,345 (+2.2%)
$629,500 + $1,470,500
$2,100,000
2023
$28,720 (+0.5%)
$725,679 + $1,693,251
$2,418,930
2022
$28,588 (−2.2%)
$570,000 + $1,330,000
$1,900,000
2021
$29,241 (+3.4%)
$568,266 + $1,318,807
$1,887,073
2020
$28,272 (+2.4%)
$557,124 + $1,292,949
$1,850,073
2019
$27,604 (+3.6%)
$551,412 + $1,279,692
$1,831,104
2018
$26,649
$540,600 + $1,254,600
$1,795,200
Public record
Beds
4
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2016
Finished Sq. Ft.
2,172
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,172
Year built
2016
Style
Townhouse
County
San Mateo County
APN
124490020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 11, 2026.
Local insights from Redfin agents
San Mateo starting in January 2026, median prices climbed steadily, reaching a strong spring peak in March–April 2026 at around $2.35M–$2.4M. Prices pulled back in July, rebounded briefly in August, and closed in September 2026 at around...
Estimated 18-28% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 87° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
12 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
San Mateo, CA • 94403
Average low and high temperatures (°F)
60
44
62
46
69
49
66
49
69
51
71
53
72
55
76
57
76
59
73
55
62
49
58
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in San Mateo. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 403 Neves Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,825,000 and $2,200,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.8M to $2.2M.