21697 Rainbow Drive, Cupertino, California 95014, Cupertino, 95014 - 4 bed, 4 bath

21697 Rainbow Drive
Cupertino, California 95014
Property Price
SUMMARY
Analysis of 21697 Rainbow Drive, Cupertino, California 95014 is currently available with a list price of $6,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Cupertino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1986, this property is generally well-maintained but features significantly dated interior finishes. The kitchen has original-style oak cabinets, tiled countertops, and older appliances, requiring a full renovation to meet modern standards. Bathrooms, particularly the primary, are very outdated with green carpet, black marble, and mirrored walls. While major systems appear functional, the overall aesthetic, including carpets and light fixtures, is from the 1980s/early 1990s, indicating a need for substantial cosmetic updates rather than structural repairs.
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 = 131115, living area = 5890.
- Breathtaking Panoramic Views
The property offers stunning panoramic views of the Bay, City Lights, Neighborhood, and Valley, significantly enhancing its appeal and value as a 'hilltop retreat'.
- Highly Desirable Location & School District
Situated in Cupertino, a sought-after Silicon Valley city, and within the highly-rated Cupertino school district, making it extremely attractive to families and providing strong long-term value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5890, other record living area = 5424.
- Unpermitted Addition
A 610 sq ft addition off the primary bedroom lacks official permits, which could lead to complications with financing, insurance, future resale, and potential legal issues, despite being professionally done and 'up to code'.
- Potential for Dated Systems/Finishes
Built in 1986, the property may have original major systems (e.g., HVAC, plumbing, electrical) or interior finishes that could require significant updates or maintenance in the near future, which are not explicitly mentioned as recently renovated.
About 21697 Rainbow Drive
Perched on a hill, this 5,960 sq ft home combines elegance, comfort, and breathtaking views. With spacious bedrooms, 3.5 beautifully appointed bathrooms, and an array of inviting spaces, its designed for elevated living. An additional 610 feet was added as a personal retreat off the primary bedroom. (No permits issued, but done by a professional contractor and up to code). The grand living room boasts soaring ceilings and one of three fireplaces, offering a warm and welcoming ambiance. A separate family room provides a cozy retreat, while the formal dining room sets the stage for memorable gatherings. A dedicated entertainment room is perfect for movie nights or hosting friends and family. Bonus: all the furniture stays, making moving in effortless. Step outside to your private backyard oasis, complete with a sparkling pool, cascading waterfalls, and panoramic views - ideal for relaxing evenings or lively summer get-togethers. A 4 car garage ensures plenty of space for vehicles and storage, and the home is situated in sought after Cupertino school district. This is more than a home, its a lifestyle. Don't miss your chance to own this hilltop retreat!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 131,115 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 78% |
| Square foot | 5,890 | 2,125 | 98% |
| Lot Size | 131,115 | 7,500 | 98% |
| Price | $6.20M | $3.40M | 98% |
| Price per sq ft | $1.1K | $1.5K | 4% |
| Built year | 1986 | 1968 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 136 | 22% |
Pricing History
Listed for Sale
Jan 12, 2026
$6,200,000
Initial Listing
Sold
Oct 11, 1995
$2,100,000
Public Record

























































