Last week, a 3,302‑square‑foot house on Sunset Drive in Saratoga closed at $9 million , the highest price among eight recorded sales for the week of May 4, 2024. the deal, sealed on April 29, underscores the premium that buyers place on historic properties in Silicon Valley’s affluent enclaves.

Sunset Drive’s $9 Million Record Breaker

The Sunset Drive residence, built in 1925, features four bedrooms, three bathrooms, and sold for $2,726 per square foot, according to the weekly sales report. its price alone pushed the week’s total transaction volume above $33 million and lifted the average sale price to $4 million.

Horseshoe Court’s $6.3 Million Space‑Efficiency Win

Another notable transaction was the $6,288,000 sale of a 5‑bedroom , 5,323‑square‑foot home on Horseshoe Court, constructed in 1966. Despite its larger footprint, the property achieved a lower price per square foot ($1,181) than the Sunset Drive estate , highlighting buyer interest in space‑for‑money ratios.

Rolling Hills Road’s $4.9 Million Compact Luxury

A two‑bedroom home on Rolling Hills Road sold for $4,900,000, translating to $2,438 per square foot. The sale illustrates that even smaller, older homes can command high per‑square‑foot values when location and character align.

Condo Entry Point on Sara Park Circle at $910 000

The week’s most affordable transaction was a 1,086‑square‑foot condominium on Sara Park Circle, built in 1980, which closed at $910,000 ($838 per square foot). This price point offers a foothold for first‑time buyers seeking access to Saratoga’s coveted school districts and tech‑proximate lifestyle .

Who’s Driving Saratoga’s Luxury Demand?

According to the report, high‑net‑worth tech professionals continue to dominate demand, attracted by the area’s excellent schools, proximity to major campuses, and limited inventory of premium homes. As interest rates stabilize, cash‑rich buyers remain willing to pay top dollar for well‑located, historic properties.