Stunning Transformation: Why 697 Lakewood Dr is Sunnyvale’s Must-See Home!

Why This Home is an Investor’s Dream

From a real estate investment perspective, 697 Lakewood Dr offers tremendous upside and flexibility. I’ve worked with many investors and savvy homebuyers over the years, and this property checks a lot of boxes that make it an investor’s dream while still being a perfect family home.

First and foremost, let’s talk about the lot size and ADU potential. This property sits on a huge lot (over 6,700 sq ft), which is quite generous by Sunnyvale standards. The yard isn’t just big – it’s also well laid out, with wide side yards and an open backyard. What this means for an investor (or even a homeowner looking to maximize value) is the option to build an Accessory Dwelling Unit (ADU). Sunnyvale, like many Bay Area cities, is friendly to ADUs, and with this much space, you could add a separate cottage or in-law suite (of course, with the proper plans and permits). An ADU could serve as a rental unit to generate extra income, a private home office, or a comfortable place for extended family. In Silicon Valley’s tight housing market, having rental income potential on your property is a big advantage – it can help offset your mortgage or just provide great long-term ROI.

Even without building anything extra, this home is turnkey and ready to rent at top market value from day one. All the major upgrades have been done for you – new kitchen, new bathrooms, new windows, modern flooring, you name it. For an investor, that means minimal upfront costs and little worry about maintenance issues. You could purchase and rent it out immediately. And because the home offers so many attractive features (4 bedrooms, modern amenities, beautiful yard, great location), it would likely command strong rent and attract high-quality tenants, such as professionals working at those nearby tech companies.

Another reason this home is an excellent investment is the location in Sunnyvale itself. The Silicon Valley housing market has historically shown strong appreciation, especially in established neighborhoods like Lakewood Village. Homes here benefit from proximity to high-paying jobs and the overall desirability of Sunnyvale’s climate, schools, and services. By owning property here, you’re not just getting a lovely place to live – you’re investing in an area that consistently ranks among the nation’s most robust real estate markets. Over time, that can mean significant equity growth. Investors often say it’s all about “location, location, location,” and 697 Lakewood Dr certainly has a prime location working in its favor.

Finally, consider the flexibility this home provides. With four bedrooms and a spacious layout, you can easily accommodate roommates or a multi-generational family. For a house-hacker or live-in investor, that means you could live in one part of the home and rent out another part (or an ADU) without sacrificing privacy. The expansive driveway and potential for RV/boat parking on the side yard are also rare finds in this area – this could appeal to tenants or buyers who have outdoor toys or work vehicles. Flexibility in use often equates to a broader appeal in the market, which is great for resale value down the line.

In short, whether you’re a family looking for a forever home and a smart long-term investment, or an investor seeking a property that practically pays for itself, 697 Lakewood Dr delivers. It’s rare to find a home that hits the sweet spot between being a wonderful place to live and a savvy addition to your portfolio, but I believe this one does exactly that.

A peek into the backyard reveals the inviting pergola and landscaped retreat – imagine the possibilities on this expansive lot! (The image above shows the charming pergola seating area in the backyard, one of many features that make this property stand out.)