Stunning Single-Leel Executive Home Sold in Saratoga Foothills

Sold June 2022 • 5 Bedrooms • 5.5 Bathrooms • 5,397 Square Feet • 0.41 Acre Lot Size

Ensconced in the tranquil Legends Community enclave of the Foothills of Saratoga, 15871 Mina Way is a beauty to behold. With an aesthetically pleasing design and a long list of amenities, the sale of this magnificent home offers valuable insights into the luxury home market in Saratoga — particularly for individuals scouting for property in the area and homeowners looking to learn about local property trends.

This review of the estate will explore its architectural design and lavish amenities and provide insights into the neighborhood.

Transaction Details

The home was listed for $6,798,000 on February 25, 2022
The list price was changed to $6,250,000 on April 29, 2022 (after 63 days on market)
The home went under contract on May 5th, 2022 – six days after the price reduction
The home closed for $6,510,000 on June 7, 2022, after 68 days on market fetching 4.2% less than the original list price
That represented roughly $1,206 per square foot

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

Single Level Home
Relatively Recent Construction
Coveted Legends Community
Walking Distance to Foothill Elementary, Saratoga High
Two minute drive to Saratoga Village

Cons

Limited Off-Street Parking
Lack of Swimming Pool
Modest Lot Size
Somewhat dated interior
List price initially set too high

The sale of this home can be considered fairly successful, but it did spend over two months on market before going under contract, ultimately selling 4.2% below the initial list price. It is interesting to note that the home spent 63 days on market at the original list price, when the list price was reduced by 8% to $6,250,000. Then, six days later, the property went under contract over that reduced list price, closing at $6,510,000. This is an excellent example of how even at the high end of the real estate market, a few hundred thousand dollars, or just a few percentage points, can make or break a sale.

Had this home been priced at $6,250,000 initially, it is quite likely it would have attracted even more offers, resulting in greater competition and a higher sale price.

Sale Success Score: 4/5

Overview of Amenities

Amenities can make or break the deal for many luxury homebuyers. For buyers looking for lavish amenities, 15871 Mina Way won’t underwhelm. Some of its standout attractions include:

Gourmet kitchen: Outfitted with high-end steel appliances and custom cherry cabinets
Professionally landscaped grounds: Expansive backyard with a gorgeous koi pond, waterfall fountain, and Japanese footbridge
Oversized downstairs area: Roomy downstairs living space with three additional bonus rooms
Private office: Spacious office with built-in mahogany cabinets and a gas fireplace
Downstairs Bonus Area with Home Theater Setup
Sophisticated heating and cooling: Multi-zone heating and cooling system for maximum comfort
Prime location: Located in a serene neighborhood and next to several award-winning schools

Design and Architectural Overview

This home is a charming example of ranch-style architecture, blending traditional elegance and modern panache. As visitors approach the home, they’ll be welcomed with a pristine driveway that gracefully leads towards a spacious three-car garage.

A low-pitched roof tops the structure, enhancing the home’s laid-back character and inviting aura. Below the roof, the home has large arched windows across the front that allow natural light to generously flood the home. It also has a large double-door entry with sumptuous, rich wood tones that offer a glimpse of what’s to come inside.

Interior Features

The home’s interior oozes elegance. The craftsmanship is top-notch, and the space is exceptionally roomy. Here are some of its notable features:

Gourmet Kitchen

The home’s kitchen is big on utility. It’s fully equipped with top-of-the-line stainless steel appliances, including a Sub-Zero refrigerator, a Panasonic microwave, a KitchenAid trash compactor, a Bosch dishwasher, and a Thermador oven.

The kitchen has a spacious island with three pendant lights, custom cherry cabinets with granite countertops, and tile flooring. There’s also a classic breakfast nook overlooking the property’s backyard, making the kitchen perfect for family breakfasts.

Spacious Family Room

The kitchen flows seamlessly into an adjacent family room. Exquisitely designed, the family room features a vaulted tray ceiling with crown molding, cherry hardwood flooring, recessed lights, and a wood burning fireplace with a stone surround that gives the space more character.

The family room also has a large glass slider that leads to the beautiful backyard, making the home perfect for outdoor living.

Private Bathroom Suite

The home’s immaculate primary bathroom suite boasts many excellent features. It has a massive Jacuzzi tub and an oversized shower with a glass enclosure featuring two shower heads.

There’s also a custom cherry vanity with dual sinks, granite countertops, and a water closet, which makes the bathroom great for people who value extra bathroom privacy.

Oversized Downstairs Area

The property features an expansive downstairs area with a wet bar fitted with cherry cabinets and granite countertops. There are also massive walk-in closets with ample storage space.

Like the family room, the downstairs area has dual sliding glass doors that lead to the home’s gorgeous backyard, emphasizing the home’s focus on outdoor living.

The downstairs living space also has three additional rooms that can be repurposed into a fitness area, hobby room, or wine storage area.

Exterior Features

The home is a paradise for people who love the outdoors. Perfect for outdoor living, here are some of its notable exterior features:

Expansive Backyard

The extensive backyard features a stunning koi pond with a waterfall fountain and a Japanese footbridge. Designed with outdoor entertainment in mind, it has a covered pergola with ample seating space and a spacious slate patio. The lush space also has multiple arbors with blooming vines over the walkway, which elevate its tranquil vibe.

Fenced Yard

Privacy is a top priority for many luxury buyers. While the home has a laid-back character and an inviting aura, the fully fenced yard gives it an air of exclusivity.

Prime Location

This property is just minutes from downtown Saratoga, where residents can access the highly-rated schools, upscale malls, and refined fine-dining restaurants in Saratoga Village.

Proximity to Top-Rated Schools and Companies

Families looking to enroll their children in award-winning schools will appreciate the home’s proximity to award-winning schools such as Saratoga Elementary School, Argonaut Elementary School, Foothill Elementary School, Redwood Middle School, and Saratoga High School.

Professionals will also appreciate the home’s proximity to top companies, including Apple, Google, and Intel.

Neighborhood Amenities

Saratoga is a sparsely populated suburb with many restaurants, parks, and coffee shops. It is renowned for its wineries, including The Mountain Winery, Mount Eden Vineyards, and House Family Vineyards.

Nearby Amenities

Westfield Valley Fair: Situated in Santa Clara, Westfield Valley Fair is an upscale shopping mall featuring over 200 stores, including Nordstrom, Louis Vuitton, and Zara.
Hakone Estate and Gardens: Hakone Estate and Gardens is a serene Japanese garden that’s perfect for nature walks and picnics.
Montalvo Arts Center: The Montalvo Arts Center is a lovely complex with a park, hiking trails, and a cultural and arts center.

The Competitive Edge: What Sets This Property Apart

When it comes to property, location is everything. This property is located in the peaceful suburb of Saratoga, within walking distance of several schools, including the highly-rated Saratoga High School. It’s also less than a 20-minute drive away from several top tech companies, including Apple, Adobe, and Intel.

Besides its prime location, it boasts an expansive backyard with hard-to-find features in many luxury homes, including a gorgeous koi pond with a waterfall fountain, a Japanese footbridge, and an exceptionally spacious outdoor living space.

Conclusion: A Lavish Home in a Prime Location

This property showcases the luxurious amenities the Bay Area has to offer — particularly when it comes to outdoor living. For individuals looking to buy or sell property in Saratoga, this sale provides helpful insights into the state of the residential property market in the area.