Saratoga Estate Hits Market for Nearly $20 Million

A luxury estate in Saratoga has come to market with a $19 million price tag as more homes in the city push past the $10 million mark.

The 11,000-square-foot property at 22525 Rolling Hills Road is for sale for just shy of $19 million, the Silicon Valley Business Journal reported. The home was completed in 2013 by Conrado Home Builders, a Los Gatos-based residential developer known for luxury construction across the South Bay and Silicon Valley.

The unidentified sellers commissioned the home while working abroad in banking and finance, according to the Business Journal. They moved into the home years after it was completed. The couple is now downsizing after their four children have flown the coop — an increasingly common trend among affluent Bay Area families, Compass listing agent David Welton told the Business Journal.

The builders spared no expense during construction of the “no-budget build,” Welton said. The manse boasts a theater room, temperature-controlled wine storage area, multiple living and lounge areas, a gym overlooking the valley below and a detached accessory dwelling unit. An 85-foot infinity-edge pool outside was built on a previously unstable slope, which required significant structural reinforcement during construction.

The home was built with an on-site water system including wells, underground storage tanks and reverse-osmosis filtration as it lacked direct access to municipal infrastructure during construction. The estate has since been hooked up to city utilities, though much of that off-grid infrastructure is still there.

Silicon Valley and the Bay Area at large is seeing a surge of deep-pocketed buyers, many of whom are connected to the booming artificial intelligence sector. Saratoga has emerged as a favorite for buyers looking to break into the local luxury market. In the three-month period ending in April, home prices in the city were up 12.3 percent compared to the same period last year with a median price of $4.1 million, according to Redfin. — Chris Malone Méndez