San Mateo · San Mateo County · New Urbanist Master-planned

Bay Meadows

The Peninsula's most ambitious new neighborhood — walkable, Caltrain-adjacent, and built from scratch on the old racetrack

Median Sale
$2,375,000
April 2026 · 52 closings

Bay Meadows Real Estate Market Snapshot

Median Sale Price
$2,375,000
+13.8% vs prior-year median
Avg. Days on Market
15
% List Price Received
113%
Months of Inventory
0.9
Homes Sold (April 2026)
52
Median price trend
2025 · $2,087,500 April 2026 · $2,375,000
List-price received
113%
90%100%120%+

As of April 2026 · Source: SAMCAR/MLSListings

Living in Bay Meadows

Bay Meadows is the most ambitious urban infill project in San Mateo County's recent history. The 83-acre site of the former Bay Meadows racetrack — which operated from 1934 until its final race day in August 2008 — was rezoned and redesigned as a walkable, mixed-use neighborhood anchored around transit access and the kind of street-level vitality that the Peninsula's postwar suburbs systematically missed.

The master plan, developed by Wilson Meany and executed through the 2010s, is genuinely different from everything else in San Mateo's housing stock. Ground-floor retail on the primary streets. Parks woven through the residential blocks. A street grid designed for walking rather than car storage. Townhomes with garages in the rear alley, so facades face the sidewalk instead of presenting a wall of garage doors. The Hayward Park Caltrain station is a 10-minute walk through the neighborhood. For buyers who commute to San Francisco by train and want to live in a neighborhood that feels more like a transit-oriented urban neighborhood than a suburban cul-de-sac, Bay Meadows is the only option at this price point anywhere in San Mateo County.

Schools

San Mateo-Foster City Elementary SD: Fiesta Gardens International (K-5), Abbott Middle. San Mateo High School (San Mateo Union HSD). Solid district. Hayward Park Caltrain for SF commuters.

Lifestyle

10-min walk to Hayward Park Caltrain, ground-floor retail, farmers market, rear-alley garages, parks. New construction from 2012-present. Most walkable new neighborhood in San Mateo County.

Price Ranges

Townhomes: $1.3M-$2.0M. Detached SFR-style homes: $1.8M-$2.8M. Add $5,000-$9,000/year Mello-Roos (CFD 2008-1) to all-in carrying cost. Bonds run through ~2045-2050.

Bay Meadows Neighborhoods

Distinct residential areas within Bay Meadows, each with its own character, lot patterns, and market dynamics.

Frequently Asked Questions about Bay Meadows

What is the transfer tax in Bay Meadows, San Mateo County?
San Mateo County charges a base transfer tax of $1.10 per $1,000 of consideration, paid by the seller at close. Some cities add a local supplemental tax. Bay Meadows does not impose an additional municipal transfer tax beyond the county base.
Does Bay Meadows require a sewer lateral inspection at sale?
Several San Mateo County jurisdictions require a private sewer lateral compliance certificate before close of escrow. The requirement varies by city — confirm with your transaction coordinator early in the listing process.
What disclosures are required when selling a home in Bay Meadows?
California requires Transfer Disclosure Statement, Natural Hazard Disclosure, lead-based paint (pre-1978), water-conserving plumbing fixtures, and smoke and carbon monoxide alarm certifications. San Mateo County properties may also require sewer lateral compliance and local supplemental disclosures.
What is the difference between median and average home price in Bay Meadows?
Median price is the middle number when all sale prices are sorted — half of homes sold above, half below. It resists distortion from a few very expensive sales. Average price is the arithmetic mean and can be skewed upward by individual high-end transactions. Median is the more reliable indicator of typical Bay Meadows home pricing.

Search Bay Meadows Homes

Browse current listings in Bay Meadows with Lisa M. Lum.

Search Listings
Last updated 2026-05-19 · By Lisa M. Lum, Realtor® · Coldwell Banker Realty · DRE 02005150