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
Saratoga’s typical sale prices sit well below this kind of trophy-level ask. Market trackers put the median sale price in the 95070 ZIP code at around $4.1 million, highlighting the premium commanded by large new builds. Data from Redfin illustrates the gap between everyday residential sales and one-off estates like 20388 Hill Avenue. For builders and spec developers, pricing near $13 million signals confidence in demand for move-in-ready luxury, even as it narrows the field of potential buyers compared with more typical Saratoga listings.
Photos, floor plans, and a virtual tour are available through the public listing pages for anyone who wants a closer look at the layout and finishes, and the Compass agents named on the MLS are handling inquiries and showings. The Coldwell Banker listing page includes contact details along with additional media.
