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

21697 Rainbow Drive, Cupertino, California 95014 home-pic-0
ACTIVE$6,200,000$5,890/sqft
21697 Rainbow Drive, Cupertino, California 95014
4Beds
4Baths
5,890Sqft
131,115Lot

Price Vs. Estimate

Estimation data not available

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 = 131115, living area = 5890.
Top Cons:
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.

Compared to the nearby listings

Price:$6.20M vs avg $3.43M (+$2,770,000)98%
Size:5,890 sqft vs avg 2,259 sqft98%
Price/sqft:$1.1K vs avg $1.5K4%

More Insights

Built in 1986 (40 years old).
Condition: 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 Bathrooms, particularly the primary, are very outdated with green carpet, black marble, and mirrored walls.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.
Year Built
1986
Close
-
List price
$6.2M
Original List price
$6.2M
Price/Sqft
$1,053
HOA
-
Days on market
-
Sold On
-
MLS number
ML82030258
Home ConditionFair
Features
Excellent View: Bay, City Lights, Neighborhood, Valley
Pool
Spa
Patio
ViewBay,City Lights,Neighborhood,Valley

About this home

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!!

K
Kathy Mc Kenzie
Listing Agent

Price History

Date
Event
Price
10/11/95
Sold
$2,100,000
Condition Rating
Fair
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.
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 = 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.
Expansive & Luxurious Living Space: Boasting 5,890 sq ft of elegant living space with soaring ceilings, three fireplaces, separate family and formal dining rooms, and a dedicated entertainment room, designed for elevated comfort and entertaining.
Private Backyard Oasis with High-End Amenities: The outdoor area features a sparkling pool, cascading waterfalls, and panoramic views, creating a private oasis perfect for relaxation and lively social gatherings.
Generous Lot Size & Ample Parking: An exceptionally large 131,115 sq ft (approx. 3 acres) lot provides significant privacy and space, complemented by a substantial 4-car garage for vehicles and storage.

Cons

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.
High Ongoing Maintenance Costs: The extensive size of the home (5,890 sq ft), large 3-acre lot, private pool with waterfalls, and elaborate landscaping will likely incur substantial ongoing costs for utilities, maintenance, and upkeep.
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