12755 Santa Teresa Boulevard, San Martin, California 95046, San Martin, 95046 - 4 bed, 4 bath

12755 Santa Teresa Boulevard, San Martin, California 95046 home-pic-0
ACTIVE$3,999,900
12755 Santa Teresa Boulevard, San Martin, California 95046
4Beds
4Baths
5,053Sqft
217,800Lot

Price Vs. Estimate

The estimated value ($3,833,987.12) is $165,912.88 (4%) lower than the list price ($3,999,900). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 217800, living area = 5053.
Top Cons:
Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which may suggest initial overpricing or slower market absorption, potentially raising questions for prospective buyers.

Compared to the nearby listings

Price:$4.00M vs avg $1.81M (+$2,186,900)92%
Size:5,053 sqft vs avg 2,145 sqft92%
Price/sqft:$792 vs avg $80442%

More Insights

Built in 1998 (27 years old).
Condition: Built in 1998, this property is exceptionally well-maintained and offers luxurious features for its era, including a gourmet kitchen with high-end appliances and well-appointed bathrooms. However, the style of the main house's kitchen cabinetry, granite countertops, light fixtures, and bathroom finishes are distinctly late 90s/early 2000s. While functional and in good condition, these key areas show signs of being outdated by current design standards, aligning with the 'Fair' criteria of a home aged over 20 years with major components functional but showing signs of being outdated, and potentially requiring minor updates for modern aesthetics.
Year Built
1998
Close
-
List price
$4M
Original List price
$4.47M
Price/Sqft
$792
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021795
Home ConditionFair
Features
Good View: Mountain(s), Pasture, Vineyard
Pool
Spa
Patio
ViewMountain(s), Pasture, Vineyard

About this home

Welcome to your own private resort retreat just minutes from the world-renowned Cordevalle Golf & Wine Resort. Set on five flat, fully usable acres, this exceptional 5,053 sq ft single-level estate delivers the rare combination of luxury living, multi-generational flexibility, and CA country serenity. Designed for both grand entertaining and functional everyday living, the main residence features expansive open spaces, dramatic ceilings, custom architectural details, and walls of windows that frame the estate grounds. The gourmet kitchen flows effortlessly into a series of inviting living spaces, creating the ideal environment for hosting family, friends, or corporate gatherings. The resort-style backyard is the centerpiece of the property: a sparkling pool, sun-drenched patios, mature landscaping, and wide-open acreage offering privacy, tranquility, and endless possibilities; equestrian use, vineyard, or future expansion. A major highlight is the fully equipped detached pool house, complete with a full kitchen, bar, living area, bedroom, bathroom, and laundry hookups. Perfect as a guest home, multi-gen residence or an income-producing rental. Addl amenities include a four-car garage, gated driveway, multiple entertaining zones, and ample land for agriculture, or recreation.

Condition Rating
Fair

Built in 1998, this property is exceptionally well-maintained and offers luxurious features for its era, including a gourmet kitchen with high-end appliances and well-appointed bathrooms. However, the style of the main house's kitchen cabinetry, granite countertops, light fixtures, and bathroom finishes are distinctly late 90s/early 2000s. While functional and in good condition, these key areas show signs of being outdated by current design standards, aligning with the 'Fair' criteria of a home aged over 20 years with major components functional but showing signs of being outdated, and potentially requiring minor updates for modern aesthetics.
Pros & Cons

Pros

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 = 217800, living area = 5053.
Expansive & Usable Acreage: The property boasts five flat, fully usable acres, offering exceptional privacy, tranquility, and versatile possibilities for equestrian use, a vineyard, or future expansion.
Multi-Generational Living & Income Potential: A fully equipped detached pool house with a full kitchen, bar, living area, bedroom, bathroom, and laundry hookups provides ideal space for guests, multi-generational living, or potential rental income.
Luxury Estate Features & Design: This 5,053 sq ft single-level estate features expansive open spaces, dramatic ceilings, custom architectural details, walls of windows, and a gourmet kitchen, designed for both grand entertaining and functional living.
Resort-Style Amenities: The property offers a resort-style backyard complete with a sparkling pool, sun-drenched patios, mature landscaping, a gated driveway, and multiple entertaining zones, creating a private oasis.
Prime Location & Scenic Views: Located just minutes from the world-renowned Cordevalle Golf & Wine Resort, the estate offers desirable 'CA country serenity' with picturesque views of mountains, pastures, and vineyards.

Cons

Recent Price Reductions: The property has undergone multiple price reductions from its original list price, which may suggest initial overpricing or slower market absorption, potentially raising questions for prospective buyers.
Extensive Property Maintenance: While a strength, the vast 5-acre lot with mature landscaping, a pool, and potential for agricultural or recreational use implies significant ongoing maintenance costs and time commitment for the owner.
Potential for Dated Systems/Finishes: Built in 1998, some core systems (e.g., HVAC, plumbing, electrical) or certain finishes, despite the luxury description, might be original and could require updates or replacements in the near future to meet modern luxury standards.

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