Bay Meadows
The Peninsula's most ambitious new neighborhood — walkable, Caltrain-adjacent, and built from scratch on the old racetrack
Bay Meadows Real Estate Market Snapshot
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.