A freshly finished contemporary estate in Saratoga’s Montalvo neighborhood has quietly landed on the market with a $12.98 million price tag, positioning itself squarely in the top tier of South Bay real estate. The three-level spec home sits at the end of a private lane and offers about 7,495 square feet of living space, an outdoor pool and cabana, and an attached one-bedroom ADU. With expansive glass walls, terraced grounds, and a turnkey presentation, it is clearly aimed at buyers looking for new-construction luxury that competes with high-end offerings in Atherton and Palo Alto.
The property at 20388 Hill Avenue was developed on speculation by a Palo Alto-based builder known for luxury projects in Atherton, according to local reporting. As reported by Silicon Valley Business Journal, the listing carries the $12.98 million ask and emphasizes the estate’s recent completion.
Inside the Montalvo estate
Brokerage listing materials credit ARCH Studio as the architect and list Guardians Construction & Development, Inc. as the builder, with high-end finishes that include waterfall quartz counters and Thermador appliances. The main living area opens through retractable bi-fold doors to create a glass-enclosed outdoor patio, and the grounds feature a heated pool and hot tub alongside an attached cabana that incorporates an approximately 800-square-foot guest ADU. An elevator serves all three levels of the home. The primary residence is listed at roughly 7,495 square feet on a lot of about 1.16 acres and includes multiple suites and lower-level recreation spaces. Berkshire Hathaway HomeServices Drysdale provides the full set of listing details.
Price moves and who’s selling
Public MLS records and brokerage pages show an asking price of $12,980,000 and list the home as active on the MLS, with Compass agents identified as co-list brokers for the address. The property page on Coldwell Banker names Compass agents David Welton and Ali Faghiri as the co-listing agents for the home. MLSListings shows the current status and associated agent contact information.
What it means for Saratoga’s luxury market…