Newly built on a Los Altos Hills lot which was purchased for $1.73 million in 2012, the contemporary five-bedroom home at 25755 Carado Court measures nearly 7,600 square feet with an open floor plan, wide plank Oak floors, and walls of glass that open the home to the outdoors.
The kitchen is outfitted with imported cabinetry and Miele appliances.
And the three-car garage on the lower level includes the expected charger for an electric car.
Listed for $11,988,000 in July, this afternoon the asking price was reduced by a million to $10,999,999.
And the architect(s) is???
11 million and no views?
Nice views of the freeway!
I always wanted to live in an open floorplan office.
Is the presentation ready for Meyers-Benderbeck? Let’s go over the deck at least once before lunch.
Judging by the streetview, this looks terribly out of place. Lovely wooded sites that host some decent ranchers and then you have this stucco alien ship plopped in the middle of a barren site.
Your taste level is showing.
As much as I dislike this style of architecture, it’s actually not terrible. It almost looks reminiscent of Wright’s Fallingwater (minus the water and stone). The stucco work makes me think of a brutalist or bauhaus building, though.
I think the house is great.
Dirt: $1.73mm
7,600 * $500psf to build all in = $3.8mm
—————————-
$5.5mm basis
Even if it sells for $9mm, it’s a money factory.
Even if I’m wrong by $1mm on costs, still a money factory.
Part of the economics have to be the 2012-present RE rally, and I think an equally interesting question is where the lot would sell today, without the house. Probably $3mm?
Reminds me of the big modern spec build in Tiburon we saw recently.
from my office to my home that looks like an office i began to wonder why I was so bored.
I really like it.
I dunno…this place looks like an office building.
I love the modern style and open floor plan. Architecture is pleasing to the eye.
NO, prices are still quite high! it’s an ultra-modern house (most people in the area likes more traditional style..) and very close to Foothill expressway.
UPDATE: Modern Los Altos Hills Abode Fetches $9.75 Million