12300 Highland Estates, San Martin, California 95046, San Martin, 95046 - 5 bed, 4 bath
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12300 Highland Estates
San Martin, California 95046
ACTIVE
CONDITION: FAIR
5Beds
4Baths
4,497Sq Ft
218,236Lot Size
Property Price
LIST PRICE$3,500,000
SUMMARY
Exceptional opportunity in prestigious Highland Estates. Set on approximately five level acres, this expansive single-story San Martin estate offers approximately 4,497 sq. ft. of living space with 5 bedrooms and 3.5 baths. A circular drive creates an impressive arrival, while the thoughtfully designed interior features soaring ceilings, hardwood and marble flooring, formal living and dining spaces, a generous kitchen with granite surfaces and walk-in pantry, and multiple fireplaces. The spacious primary suite offers its own fireplace, walk-in closet and marble-appointed bath. Expansive grounds, mountain views, a large patio and substantial garage space complete this rare estate setting, with room to envision outdoor amenities tailored to the next owner’s lifestyle. An extraordinary opportunity to reimagine a substantial Silicon Valley-area estate. Short sale; sale and terms subject to lender approval.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1999 (27 years old), the property falls into the 'Fair' category as it exceeds the 20-year mark without mention of recent renovations. While the exterior and materials like marble and granite are high-quality, the listing's call to 'reimagine' the estate and its short sale status suggest the interior systems and finishes are dated and may require minor repairs or modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 218236, living area = 4497.
- Expansive Level Acreage
Situated on approximately five level acres in the prestigious Highland Estates, the property offers rare privacy and significant space for custom outdoor amenities or equestrian facilities.
- Substantial Single-Story Layout
The 4,497 sq. ft. single-level floor plan is highly desirable, featuring soaring ceilings and a thoughtful flow that balances formal entertaining spaces with comfortable living areas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =218236, other record lot size in square feet = 195148. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4497, other record living area = 4397.
- Short Sale Complexity
As a short sale subject to lender approval, the transaction may involve a prolonged closing timeline and additional bureaucratic hurdles for the buyer.
- Need for Modernization
Built in 1999 and marketed as an opportunity to 'reimagine,' the property likely requires capital investment to update finishes and systems to meet current luxury market expectations.
About 12300 Highland Estates
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 218,236 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 4.0 | 3.0 |
| Square foot | 4,497 | 1,767.5 |
| Lot Size | 218,236 | 31,173 |
| Price | $3.50M | $1.55M |
| Price per sq ft | $778 | $839 |
| Built year | 1999 | 1964 |
| HOA | $0 | $0 |
| Days on market | 15 | 31 |
Pricing History
Listed for Sale
Oct 9, 2026
$3,500,000
Initial Listing
Sold
Nov 10, 1999
$1,067,000
Public Record