There has been a lot of local excitement regarding the recent sale of 13310 La Paloma Road in Los Altos Hills. Although I have not personally viewed this home, it appears to be a phenomenal one-of-a-kind luxury estate worthy of its stratospheric sales price of $100 million. As a resident of Santa Clara County, I want to personally thank Yuri Milner for single-handedly adding significant property tax revenue to Santa Clara County’s coffers.
It had to be a difficult property to price so I thought that I would do what many home sellers do, I went to Zillow to get a Zestimate. Zillow’s Zestimate was $21,604,000., a mere $78.4 million dollars shy of its actual sales price.
To be fair, this property is extremely unusual, making it difficult to price. According to Zillow’s own web site:
“A Zestimate home valuation is Zillow’s estimated market value. It is not an appraisal. Use it as a starting point to determine a home’s value.”
Zillow is a good place to start, but please don’t think a Zestimate should be the actual market value for your home. Your home’s condition, location, upgrades etc. must be included in your home’s valuation. Seek a knowledgeable real estate professional to help you determine the value of your home in today’s real estate market.
FYI – Although 13310 La Paloma Road is the largest single family home to sell in Santa Clara County, there is at least one home that is larger….12335 Stonebrook Drive in Los Altos Hills has been listed on and off the market for the last few years (last listed at $28.5 million). The Seller (per MLS data) indicates that this property is 30,000 square feet (county records shows it at 14,787 sf), making it the largest single family home that I am aware of in Santa Clara County.
Should you have any questions about any of these properties or about the value of you home in today’s market, please contact me directly at 650 917-4250 for a confidential conversation.
Below are Los Altos Hills properties priced at $10 million and above: