Lavish Contemporary Home Sold In Cupertino — An Elaborately Designed Home with an ADU - Seb Frey, Silicon Valley + Bay Area REALTOR

Sold January 2025 • 6 Bedrooms • 6.5 Bathrooms • 4,491 Square Feet • 0.22 Acre Lot Size

Hidden away in Cupertino, 10467 Glencoe Drive is an exquisitely crafted home. The property spans roughly 6,000 square feet and includes a magnificent main residence, an accessory dwelling unit (ADU), and expansive outdoor spaces.

This home’s sale offers valuable insights into the state of the luxury real estate market in Cupertino, especially for homeowners interested in the latest property trends or those scouting for property in the area.

This review of the property will explore its architecture, amenities, and its significance in establishing the standard for luxury real estate in Cupertino.

Transaction Details

The home was listed for $5,498,888 on October 31, 2024
It went under contract on January 17, 2025
It sold for $5,350,000 on January 19,2025 — about 97% of the list price
This represent roughly $1,191 per square foot

Overview of Amenities and Features

Luxury homebuyers prioritize amenities when buying homes, and 10467 Glencoe Drive provides excellent value. Some of its noteworthy features include:

Gourmet kitchen: Fitted with high-end appliances, an expansive island, and custom cabinetry.
Multiple outdoor spaces: Perfect for small gatherings and large events.
Accessory dwelling unit: Ideal for hosting long-term guests.
Prime location: Close to highly rated schools, restaurant, and top tech companies.

Unpacking the Sale – Executive Summary

What made the sale of this home? What are the key drivers of value for the property, and what were some aspects that were likely detrimental to the sale price and time on market? I break down the pros and cons of the property to help readers understand the most important factors affecting the pricing and timing of the sale.

Pros

Brand New Construction with Builder Warranty
Predominantly Single Level Design
Owned Solar Panels
Cupertino Schools
Fully detached 720sf ADU
Oversize balcony at rear of home
Close to multiple parks, shopping, and dining
Lavish use of high-end materials and finishes

Cons

Small-ish size lot given size of home
Sparse, immature landscaping

This home was built to sell for profit. The developer purchased the lot in February 2022 for an eye-watering $2,900,000. The owners attempted to sell it while it was still being built, putting it on the market in October of 2023. It spent 26 days on market with a list price of $5,498,000 before it was pulled from market. They were unsuccessful in finding a buyer for it at that stage, but it came back on a little more than a year later on October 31, 2024, when it spent another month on market before it was again withdrawn. It appears to have sold while it was withdrawn, suddenly going from “withdrawn” to “sold” on January 19, 2025 to a cash buyer.

Given the land cost of $2,900,000 and a sale price of $5,350,000 the margin was only $2,450,000. From that would be subtracted closing costs (~$30K), commissions (~$200K), soft costs (design, permits, engineering – about $80K) and holding costs including taxes, insurance, and interest payments (~$150K) leaving an estimated margin of $2,000,000. The total square footage including the ADU is about 5,211 – which comes to $384 per square foot.

It is unlikely the costs were much if anything less than $384 per square feet, which means the profit on this deal was likely close to $0, or perhaps even a loss. Given the substantial time and risk involved, this project would need to be considered a failure, as there was little or no profit to be had. The developer clearly overpaid for the lot. It may have made sense for an owner-occupant, but as a spec build project, the land cost was clearly far too high.

stars-2

Sale Success Score: 2/5 – No Joy Here

Design and Architectural Overview

10467 Glencoe Drive exudes modern elegance with its clean lines and sleek design. The home’s exterior features a crisp white stucco facade counterbalanced with a deep charcoal roof, creating a beautiful contrast. A stately entrance beckons with towering stone pillars and a sleek, geometric door. Opening the front door, visitors are greeted a stunning foyer featuring 15-foot ceilings and a grand 21-foot circular staircase

In line with the home’s contemporary aesthetics, it has large windows that flood the interior spaces with natural light, giving the home an airy aura.

Away from the home’s architectural features, carefully curated landscaping elevates its beauty, complementing its stunning design. This balance between masterful craftsmanship and natural charm highlights why this property stands out in the luxury real estate market.

Interior Features

Inside, the home boasts many outstanding features. Here are some of them:

Gourmet Kitchen

The home’s kitchen is the epitome of modern luxury, blending functionality and aesthetics. At its center lies an expansive waterfall island with a gleaming quartz countertop that provides ample space for meal preparation. Surrounding the space, custom cabinetry in warm natural wood and matte black tones creates a balanced aesthetics, offering both style and adequate storage,

State-of-the-art stainless steel appliances are integrated into the kitchen’s design, including a professional-grade Thermador range, a refrigerator, and a wine refrigerator, making the kitchen a haven for culinary enthusiasts.

Big on practicality, the kitchen’s lighting is carefully considered, with recessed spotlights and stunning pendant lights illuminating the space. Airy and bright, the kitchen also has large windows that drench the space in natural light.

With an open-plan concept design that seamlessly connects the space with a family room and patio, the kitchen is perfect for large gatherings with friends or intimate family dinners.

Grand Foyer

The home’s main level welcomes guests with an impressive foyer featuring 15-foot ceilings that give the home a more spacious feel and better ventilation.

There’s also a 21-foot circular staircase with steps crafted from natural wood and a handrail, also in natural wood, that adds a touch of warmth. A showstopper that commands attention, the staircase also has LED lighting beneath each stair that illuminates the way and adds drama to the space.

Luxury Primary Suite

Upstairs, the home has a lavish primary suite. The suite has a spa-like en-suite bathroom with a tub, shower, and wall-mounted toilet. The primary suite also has custom cabinetry and an expansive walk-in closet that provides abundant storage for better organization of clothes and accessories.

Exterior Features

Outside, the home doesn’t disappoint either. Here are some of its standout exterior features:

Accessory Dwelling Unit

For homeowners who want to host long-term guests or generate extra income, the home has a 720-square-foot attached accessory dwelling unit (ADU). Perfect for homeowners who wish to offer guests privacy, the ADU has a well-equipped kitchen with stainless steel appliances and two cozy master bedrooms.

Multiple Outdoor Spaces

The home is a paradise for homeowners who love to entertain. It has an expansive 600-square-foot rear patio that seamlessly connects the indoors and outdoors. The covered patio area features a cozy sitting area and a dining table, making it perfect for entertaining guests and enjoying alfresco meals.

Besides the rear patio, there’s an extensive 400-square-foot balcony upstairs that mirrors the rear patio’s aesthetics. With comfortable sitting and recessed lighting that illuminates the space, the balcony is a perfect place to unwind and enjoy beautiful views of the backyard and cityscape.

Prime Cupertino Location

Located in the heart of Cupertino, which is renowned for its vibrant tech scene, the home is just minutes away from various top tech companies, retail, and dining options. Apple Park is only a 10 minute drive away.

Proximity to Highly-Rated Schools and Tech Companies

The home is near many well-regarded schools, including Garden Gate Elementary School, Sam H. Lawson Middle School, and Monta Vista High School, making it perfect for families with school-going children.

Tech professionals will also appreciate the home’s proximity to leading tech companies, including Apple, which is less than ten minutes away.

Neighborhood Amenities

Cupertino is home for many wineries that offer breathtaking views of the Santa Cruz Mountains, including Naumann Vineyards, R&W Vineyards, and Ridge Vineyards. For those who love the outdoors, the neighborhood also has a wide selection of parks for picnics, relaxation, and dog walking.

Nearby Amenities

Apple Park Visitor Center: The Apple Park Visitor Center is an annex of its private campus where visitors can shop, learn, and dine.
Deep Cliff Golf Course: This golf course has an 18-hole course, a 35-yard driving range, and a bistro.
Homestead Square Shopping Center: Offers convenient access to 280 freeway and various retail and dining options, including Safeway and Starbucks.
Whole Foods Market: the Cupertino location of Whole Foods Market is just a few blocks away.

What Sets This Property Apart?

While many luxury homes provide a host of amenities, few can boast multiple outdoor spaces. This home offers an extensive rear patio, balcony, and front porch, making it perfect for homeowners who love entertaining outdoors. Additionally, it has a spacious ADU with two master bedrooms and a well-equipped kitchen — a feature that’s absent in many luxury homes in Silicon Valley.

Conclusion

10467 Glencoe Drive isn’t just a home. It’s a cozy retreat that offers a tranquil escape from the flurry of activity in Silicon Valley. If you’re looking to dell or purchase a luxury property in Cupertino, this sale provides useful insights into what buyers want in today’s dynamic real estate market.