San Mateo's GoPro office campus will become 222 homes for sale

San Mateo approved 222 houses and townhomes, all for sale, on the 1973 office campus at Clearview Way where GoPro has its headquarters. Here is what is planned, what the campus sold for and how the neighborhoods around it score.

Houseberry Research TeamPublished Oct 7, 20265 min read

AI-rendered view of the 1973 office campus at Clearview Way in the San Mateo hills under coastal fog Photo: Houseberry

Six office buildings went up on the hill at West Hillsdale Boulevard and Clearview Way in 1973 for Visa. GoPro has had its headquarters there since 2011. Within a few years they will be gone, and the land will hold 222 houses and townhomes, every one of them for sale.

San Mateo's Planning Commission approved the plan 4 to 0, with one commissioner absent. The city had already filed a state notice on July 31 exempting the project from a full environmental review, and the approval drew coverage from SF YIMBY and the San Mateo Daily Journal in late September. For one of the larger for-sale projects on the Peninsula, it went through quietly.

The site sits inside what Houseberry maps as San Mateo Woods, a neighborhood that scores 3.9 out of 5 overall and 4.4 on schools. Its typical home sold for about $2.13 million in September 2026. New townhomes here will not be cheap. They will be new, and there will be 149 of them.

What goes on the hill

The city's project page describes three-story homes with rooftop decks, a park, two dog parks and walking paths between the buildings. SF YIMBY reported the bedroom mix: 71 three-bedroom homes and 151 four-bedroom homes. That is a lot of bedrooms. The 2025 plans showed an average size of about 2,146 square feet and 485 parking spaces.

The approval used two state laws that keep coming up on the Peninsula. SB 330 locked in the rules on the day the developer filed. AB 130, passed in 2025, exempted the project from a full environmental review because it is infill on land that was already developed.

The homes are big because the math says so. Harvest told the commission that a rental project would not bring in enough money to get a construction loan, which is why it chose for-sale homes. For a buyer, that means a three- or four-bedroom townhome with a garage in the hills, which is a hard thing to find new in San Mateo.

The sale price is its own story. Peninsula office values have fallen hard. The campus carried an assessed value of $165.8 million in 2017. Harvest and Stockbridge paid $102 million, about $269 per square foot of office. The Registry called it less than half of the campus's 2018 value.

GoPro is not leaving town. Its SEC filing from May shows a new lease on about 25,000 square feet at 2855 Campus Drive, down the road, starting in January 2027. The same filing says the company has hired advisers to explore a sale of the whole business. San Mateo's office vacancy was about 19 percent in the Daily Journal's latest count.

The neighbors, by Houseberry's numbers

The hills around the site are some of San Mateo's best-scoring ground. Laurelwood and Sugarloaf, next door around Sugarloaf Mountain's open space, ranks 4th of 23 San Mateo neighborhoods with a 4.0 overall score and a 4.5 safety score. Its typical home sold for about $2.38 million in September 2026.

Neighborhood	Overall	Schools	Safety	Typical price, Sept 2026
Laurelwood and Sugarloaf	4.0	3.6	4.5	$2.38M
San Mateo Woods	3.9	4.4	3.7	$2.13M
San Mateo Highlands	3.3	4.0	2.5	$2.63M
San Mateo citywide	3.5	3.4	3.5	$2.31M

Source: Houseberry's San Mateo ranking and neighborhood price histories. San Mateo's typical home rose from about $2.09 million in October 2025 to $2.31 million in September 2026, a 10 percent climb in 12 months.

For a sense of what new construction costs nearby, Pulte's The Heights, built on another former office site on Campus Drive, has listed homes from about $1.3 million to $1.7 million. The Clearview homes are larger, so expect them to price above that.

A hill's worth of homes in a slow year

San Mateo owes the state 7,015 new homes between 2023 and 2031. A March 2026 progress report counted 602 building permits issued toward that number. Completions are slowing, too: the city averaged 254 new homes a year from 2022 to 2024, then 116 in 2025 and 39 by mid-2026, the Daily Journal reported.

Against that, 222 homes on one hill is more than five times what San Mateo finished in the first half of this year. It is also about 3 percent of the eight-year target.

The traffic worry that usually sinks hillside projects runs the other way here. At a neighborhood meeting in October 2025, the developer projected 30 to 40 percent fewer car trips than the office campus produced at full occupancy. At the approval hearing, the Daily Journal reported, the one public speaker supported the project.

We think this is the right use for the hill. A 1973 office park on 14 acres of San Mateo's best-scoring ground is a waste of a neighborhood. The only thing we would change is the bedroom count: a few two-bedroom townhomes would have given buyers under $2 million a door into this part of town.

Nothing gets built this year. The homes are at least two years out. In the meantime, see how all 23 San Mateo neighborhoods compare on the Houseberry San Mateo ranking, or check San Mateo's city page for the price trend.

Sources

About the Houseberry Research Team

The Houseberry Research Team is Houseberry's reporting team: Bay Area real estate analysts, data specialists and longtime local market watchers. Every day we check the public record: building permits, city council and planning agendas, county recorder filings, state housing bills, police incident data and school results. Then we tie each story to what it means for specific neighborhoods, using Houseberry's own neighborhood data on prices, appreciation, safety, schools and amenities. Questions or corrections: Contact us.

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