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What’s Inside: Millennials In The US & In China: The Yin & The Yang

By Alain Pinel Sweeping views of the Cascade Range in Sherwood, Oregon One of a kind Ocean front home with views from Capitola to Monterey and more...

Issue #030 JUNE 2017

Millennials In The US & In China:

The Yin & The Yang

By Alain Pinel General Manager of Intero Prestigio international Intero Real Estate Services, Inc. a Berkshire Hathaway Affiliate

If you think that, everything being equal, young people share the same dreams and explore the same real estate opportunities regardless where they live on the planet Earth, think again. Maybe the only thing they have in common is belonging to the same age group.

It is a big world out-there and population is distributed in between too many age groups, so I will limit the comparison to only millennials (18 to 35-year-old) and only from the 2 most powerful countries: the US and China. Hold on to your seats. The differences between millennials here and there, in terms of home-ownership are very significant today and promise to be even more so in the years to come.

Take a look at the following facts and figures and draw your own conclusions as far as where capitalism and the accumulation of wealth are more likely to grow going forward, if the trends are confirmed.

Let’s start analyzing the Chinese millennials. They are many. How many? Something like 335 million if my calculations are correct. That’s roughly 25% of the entire population. More interesting, from my point of view, is the fact that the number of millennials in China now exceeds the total US population….

Now, guess how many Chinese millennials already own a home. 70% of them, or 235 million. That’s how many. And the number is growing. When 235

million people buy a home, the real estate business cannot be that bad. The impact of the millennials’ buying spree is considerable for the economy.

Granted, a good number of the properties are actually purchased by the parents under the name of the child. When you have to make do with 1 child, as it was the law of the land until just recently, nothing is too much for a lucky son or daughter.

This, however, does not change the fact that a quarter of the millennials are homeowners.

OK, now let’s move 6000 miles to the East and look at the corresponding picture in the US. Huge difference. Here, the millennials represent roughly 24% of the population, or about 78 million. They are the largest generation in the workforce, ahead of boomers (76%). But, unlike the boomers who love real estate (75% of them own a home), the millennials are at the tail-end of the train.

I bet you are still waiting for me to tell you what the home ownership is for millennials in the US, right? Well, it is “only” 13%. Ouch. (Remember it is 70% in China). That explains why the overall home ownership rate in the US is now down to 65.1% and shrinking.

Money, or the lack of, has of course a lot to do with this. After a painful recession and long but anemic recovery, a good half of the millennials find themselves in a precarious financial situation. Only about a third of them have a full time job, while about 20% work part-time. The money saved, if

any, often goes first to paying off debts like student loans.

Instead of living in a home they own, 32% of our millennials live in their parents’ homes. The majority of the others are renting, often with the help of other millennials. Purchasing a home is still a goal but one which is on the back burner for most. Not to mention that a good fraction of the millennials who could easily purchase a house or condo have different priorities: fun & interesting stuff like traveling the world and enjoying life with friends. Why not?

Yes, the priorities are quite different when you are young, depending on whether you live in the US or China. I am sure that by now, you are thinking about what it all means today and what it will mean down the road, 10, 20, 30 years from now. Money invested in real estate creates more wealth opportunities for those who buy and the community as a whole.

Something to keep in mind.

As if it was not enough of a wake-up call, there is more to report on the appetite that the Chinese millennials seemingly have for real estate. Not unlike their parents who, for years, have massively invested in real estate overseas (and mostly in the US), many are the Chinese millennials who are now investing abroad.

In a recent WSJ article, Dominique Fong explains that some millennials, in their “desire to hedge against yuan depreciation and find affordable cities with cleaner air”, are buying foreign properties that… they have not even visited!

Online home shopping. I am sure the sellers are not complaining.

How does it work? Elementary: you pull your smart phone out of your pocket, use the Uoolu app that connects you to overseas listings, locate country and property of choice and pull the trigger, assuming you have a local bank account and can get a mortgage. No sweat, Uoolu will help you take care of both.

Uoolu, based in Beijing, reports that 80% of their users are between 20 and 39 and that 20,000 customers have already bought or are now in the process of purchasing a foreign property. Not bad for a young real estate platform that hopes to break the bank (and get loads of VC money) with the fast growing millennials’ population in China.

The real estate scene in both the US and China keeps on changing. The world will never be the same. Keep your mind and your eyes open.

Breathtaking Monte Sereno Villa

18612 Decatur Road Monte Sereno, CA 95030

18612 Decatur Road Monte Sereno, CA 95030 Breathtaking Mediterranean-style villa atop the lush Los Gatos hills offers panoramic views of the surrounding countryside. Well-manicured landscaping, ornate wrought-iron gates, as well as the grand, marble-columned entryway leads to the palatial foyer. The beauty and extravagance of this classically-designed home extends into the living spaces with glass mosaics, hand-crafted moldings adorning the recessed ceilings, ornate fireplaces, fine arched windows, and an elevator accesible from all 3 floors. This luxurious and elegant property reflects the taste of the most discerning of buyers.

$9,800,000

www.18612DecaturRd.com

• 5 Bedrooms • 5 Full & 3 Half Bathrooms • Approx. 6,789 Sq. Ft. • Approx. 43,560 Sq. Ft. Lot

Listing Provided by Joanna Hsu Lic. #01394844

2088 Green Oaks Way Pescadero, CA 94060 Located on nearly 50 acres, this estate features all new construction with over 17,000 total square feet of living space. The lodge styled main residence is approximately 13,000 square feet. There is a separate guest house with a four car garage as well as a beautiful barn. With an additional 10,000 square feet of decking, patios and terraces, this is a peaceful retreat to reflect and entertain and enjoy. With the abundance of luxurious outdoor amenities, this home has no shortage of places to enjoy. This home is reminiscent of staying at a 5 star resort with impeccable attention to detail. Each of the suites has access to the exterior, either to patios, decks or the gardens.

$27,500,000

www.SFCoastalCompound.com

• 7 Bedrooms • 10 Bathrooms • 13,000 Sq. Ft. Main Residence, 17,000 Total • 50 Acre Lot Listing Provided by Dana Cappiello & Derek Cappiello Lic. # 01343305 & #01983178

114 New Brighton Road Aptos, CA One of a kind Ocean front home with magnificent views from Capitola to Monterey. New Brighton Beach is located at the north eastern corner of Monterey Bay and is known for its more serene microclimate. The floorplan is open and brilliant. The master bedroom boasts expansive coastal and ocean views. An extra large patio with hot tub and fire pit is perfect for entertainment, relaxing in the sun or just enjoying the fresh ocean breeze. Purchase outright or as a fractional sale.

$5,000,000

www.114NewBrightonRd.com

• 3 Bedrooms • 2 Bathrooms • Approx. 2,200 Sq. Ft. • Approx. 7,362 Sq. Ft.

Listing Provided by Mark DeTar, Lic.#01156251

12810 Deer Creek Lane Los Altos Hills, CA 94022 This just completed new home presents palatial European grandeur combined with energy efficient green building principles perfect for Silicon Valley living. Designed around a magnificent heritage oak on a level lot of 1.12 acres, the two-story home has 5 bedrooms, each with en suite bath, and approximately 5,674 square feet of absolute luxury. European white oak floors, a dramatic glass domed ceiling, study center, media room, full bar, plus wine cellar are just some of the many luxuries. This home also has access to acclaimed Palo Alto schools, including the #1 elementary, middle, and high school in all of California.

$6,488,800

www.12810DeerCreek.com

• 5 Bedrooms • 5½ Bathrooms • Approx. 5,674 Sq. Ft. • Approx. 50,775 Sq. Ft. Lot

Listing Provided by David Troyer Lic.#01234450

15355 Via Colina Saratoga, CA 95070 Built in 2007, This Exquisite Platinum Triangle Saratoga Estate Sits on Over an Acre of Meticulously Designed Grounds. Professionally Landscaped Courtyard Greets Guests with its Beautiful Greenery, All Interwoven with Stone Pavers and Lavenders. Gleaming Brazilian Hardwood and Vaulted Ceilings with the Repetition of Arches Throughout the Home Set the Tone for This Grand Residence. No Details Were Overlooked with Careful Considerations Visible Throughout the House. Award Winning Saratoga Schools.

$4,250,000

• 4 Bedrooms + 1 Office • 3 Bathrooms • Approx. 4,538 Sq. Ft. • Approx. 43,647 Sq. Ft. Lot

Listing Provided by ANDY TSE Lic.#01345580

222 Alvarado Avenue Los Altos, CA 94022 Custom built in 2013 with modern Mediterranean elegance just over 1 mile to the Village. Bright and spacious floor plan. Living room with tray ceiling and French doors to the grounds. Formal dining room defined by hardwood flooring and antique chandelier. Light-filled chef’s kitchen with Luce de Luna quartzite countertops, handmade tile backsplashes, walk-in pantry, stainless steel appliances. Family room features a gas fireplace and vaulted ceilings. Generous, fully landscaped grounds with barbecue kitchen, patios, vegetable beds, level lawn, and playhouse. Numerous “green” features such as its own 7KW solar panel system. Los Altos schools!

$5,548,000

www.222Alvarado.com

• 6 Bedrooms • 6½ Bathrooms • Approx. 5,554 Sq. Ft. • Approx. 15,729 Sq. Ft. Lot

Listing Provided by David Troyer Lic.#01234450

112 Harwood Court Los Gatos, Ca 95032 Spectacular views of the Silicon Valley can be seen from several vantage points of this home. This Los Gatos storybook tudor home sits in the back of a court on 3.79 acres and is adjacent to Belgatos Park Ridge Trail.

If you love to entertain, the large formal living and dining rooms are superb. A custom dining table, capable of sitting 18 guests, means everyone can be together for your next family gathering. The master suite is exceptional in size and has a fireplace for evening reading. The lower level family room area will surely be the hub of enjoyment. Third floor and is ideal for an in-home office or home study area. This would also be a lovely suite for an au-pair or visiting family. Great Schools, easy access to Bay Area freeways are a plus.

$3,990,000

www.112HarwoodCourt.com

• 5 Bedrooms • 5 Bathrooms • Approx. 6,181 Sq. Ft. • Approx. 3.79 Acres

Listing Provided by Kim Connor Lic.#01735816

Photo credit: Real Estate Tours Oregon

20205 SW Conzelmann Road Sherwood, OR 97140 THIS TRULY STUNNING HOME is perched high above the coveted town of Sherwood, Oregon with sweeping views of the Cascade Range. Built centered towards Mt. Hood, this home boasts timeless sophistication, bright open spaces, oversized Pella windows and soaring ceilings. Custom built in 2003, this home spans 6,286 square feet. Every detail was carefully selected and quality crafted. The home is ideal for entertaining and creates an inviting and comfortable atmosphere. Less than two miles from the quaint town of Sherwood, this Estate boasts convenience yet seclusion and privacy.

$3,250,000

www.ConzelmannEstate.com

• 4 Bedrooms • 4½ Bathrooms • Approx. 6,286 Sq. Ft. • Approx. 35 Acres • 2nd Residence Listing Provided by Marie Boatsman Lic.#200605106 BHHS NW, this office is independently owned and operated.

5 Betty Lane Atherton, CA

Welcome to the pure elegance of a French Manor, newly built and perfectly situated on a cul-de-sac in the heart of Atherton. This estate features many desired amenities plus guest house, pool, sport court, wine cellar, state of the art theater/media room, spa and fitness room, 26-zone climate control, and Crestron home automation.

$26,800,000 www.5BettyLane.com

• Approx. 14,000 Sq. F • Main residence with 6 3 half bathrooms • Elevator service to all • Approx. 1.25 acres w outdoor kitchen, firepi • 26-zone geothermal c • Crestron home autom climate control, audio • Theater, spa room, 1, • 19kW photovoltaic arr • Menlo Park Schools

Ft. 6 bedrooms, 6 full bathrooms,

three levels with pool, spa, sportcourt, it climate control mation: lighting, alarm, o, video ,500-bottle wine cellar ray & solar water heating

Listing Provided By: Greg Goumas, Lic.#01878208

45 Roberta Drive Woodside, CA 94062 Located on one of central Woodside’s most exclusive private roads, this stunning newly constructed country estate is framed by over 4 acres of lush and picturesque landscaping. The state of the art fully automated 3 level residence features 5 br plus a separate office, gourmet kitchen and separate back kitchen, elevator, entertainment room and home theatre, 2000+ bottle subterranean wine room and a heated exterior living room overlooking the pool and spa in an expansive private park setting. Two garages (6 car), 3 stall barn and a spacious 2 br, 2 ba guest cottage accessible by second gated driveway. This unique property is simultaneously equipped for large scale entertaining, combining elegance and comfort in quintessential Woodside style.

$24,995,000

www.45RobertaDrive.com

• 5 Bedrooms • 7½ Bathrooms • Approx. 12,500 Sq. Ft. • Approx. 4.08 Acre Lot

Listing Provided by Linda Hymes Lic.#01917074

730-760 Adobe Canyon Road Sonoma Valley La Vid is nearly 160 acres of rare beauty nestled in the foothills of the Mayacamas overlooking the Valley of the Moon. Located in Kenwood, a small, scenic community with exceptional vineyards and wineries.

This exquisite property is about now and the future. The estate offers four home sites, two with completed homes where you will live in luxury with room to grow. The views from La Vid are spectacular, stretching out over the vineyards and across to Sonoma Mountain. From here you have the privilege of watching the sunset each day perhaps while enjoying a glass of Cinq Cepages from your neighbor, Chateau St. Jean.

$22,000,000

www.LaVidSonoma.com

• Approx. 160 Acres • 4 Home Sites

Listing Provided by Tim Murray Lic.#00630078

Bella Terra Los Altos Hills, CA 94024 Entertaining Masterpiece! Family and friends will enjoy Bella Terra’s 3-tier kitchen with honed granite and professional appliances. Arched counter seating is complemented by the coordinated ceiling outlined in mahogany moulding. Seamless contemporary design opens to the family room with stone fireplace, transform windows and French doors that lead to the outdoor living areas and pool.

$11,488,000

• • • •

8 Bedrooms 8 Bathrooms Approx. 9,200 Sq. Ft. Approx. 1 Acre Lot

Listing Provided by Greg Goumas & John Reece Lic.#01878208 & 00838479

2215 Liberata Drive Morgan Hill, CA 95037 The elegance and stature of this 7,490 sq. ft. mansion is immediately apparent with its two sweeping front staircases leading up to a dramatic front entrance. This 5 bedroom 6 bath estate sits on 11+ acres of vineyard conveniently located minutes from Route 101 in Silicon Valley. Its far-reaching panorama of vineyards and wellappointed grounds make this palatial home an artful and opulent gem. The moment you step inside, the breathtaking high ceilings and dark wood trim give this home unparalleled sophistication.

$10,889,888

www.2215LiberataDrive.com

• 5 Bedrooms • 6 Bathrooms • Approx. 7,490 Sq. Ft. • Approx. 481,338 Sq. Ft. Lot

Listing Provided by Joe Velasco Lic.#01309200

27466 Sunrise Farm Road Los Altos Hills, CA 94022 Sunrise Farm Estate is nestled in the perfect setting surrounded by Western Hills and expansive views of the Bay. The main residence is gorgeous with over 7,700 square feet and includes 1.38 expansive acres.

Every room is well integrated for a family to enjoy Los Altos and the indoor outdoor luxury lifestyle it offers.

Encompassed within Los Altos Hills best neighborhood, Sunrise Farm Estate offers a beautiful setting with nearby soaring redwoods, heritage oaks, hiking and cycling trails. Los Altos Village is nearby and the award winning Palo Alto schools are also conveniently located.

$8,750,000

www.27466SunriseFarm.com

• 6 Bedrooms • 7 Bathrooms • Approx. 7,700 Sq. Ft. • Approx. 1.38 Acre Lot

Listing Provided by Greg Goumas Lic.#01878208

51563 Los Gatos Road Coalinga, CA 93210 CENTRAL CALIFORNIA TROPHY RANCH: Wanting a slower paced way of life without sacrificing modern amenities? Come home to this authentic log cabin. Over 3,300 sq. ft. of living area nestled on over 11,760 acres of prime ranchland. There are 2 additional homes, each 2,400 sq. ft., 3 bedrooms and 4 bathrooms.

The guest home has been recently updated and the ranch managers home includes a shop and barn. Along with the wide open spaces, there is a trap and skeet shooting range, 2 sets of working corrals, miles of trails, wildlife and year round springs and creeks. Truly a Sportsman’s Paradise!

$5,990,000

www.LosGatosCreekRanch.com

• 11,600+/- acres • Trap & skeet shooting range • Year-round springs & creeks • Just 2½ hrs from Silicon Valley

Listing Provided by Valerie Smith Lic.#01254521

106 Sacramento Avenue Capitola, CA 95010

Your rare opportunity to own 125 feet of unobstructed ocean frontage overlooking the Monterey Bay with comp Eichler style home including a guest house spans over 3,116 sq. ft. and is situated atop a cliff on approximately provides the opportunity to entertain large parties or to simply enjoy the spectacular panoramic ocean views an quintessential mid-century-modern home remains fully intact as the architect intended for this picturesque locat otters, whale watching, sunsets, & star gazing from your own back yard. The Village of Capitola is just steps fro tide walks, fine dining, shopping, live music & more. Take advantage of the Architectural plans provided for a ne story home which also includes a guest house, remodel the existing home or split this large parcel into 3 ocean

$4,498,000

www

plete privacy! This classic Cliff May/ y a half-acre. An expansive back yard nd the sounds of crashing surf. This tion. Experience dolphins, seals, sea om home to the beach, surfing, low ew craftsman style 4,445 sq. ft. 2 front lots. The possibilities are many!

w.106SacramentoAvenue.com

Listing Provided by Jennifer Cosgrove Lic.#01334273

8715 Leavesley Road Gilroy, CA 95020 Luxurious Mediterranean Masterpiece. This 5 bedroom, 5½ bathroom estate is stunning. Stepping into the 5,400 sq. ft. main house through the wrought-iron entryway, the elegant and spacious layout overwhelms.

Recessed ceilings in every room are highlighted by enormous arched windows. This courtly archway theme is integrated with stately columns throughout. A 2-bedroom 2-bathroom guest house on the property extends the versatility of this magnificently designed estate.

$2,999,888

www.8715LeavesleyRoad.com

• 5 Bedrooms • 5½ Bathrooms • Approx. 5,400 Sq. Ft. • 2 Bedroom, 2 Bathroom Guest House

Listing Provided by Joe Velasco Lic.#01309200

7965 Pool Station Road Angels Camp, CA 95222 Within the heart of the Sierra Foothills and the famed California Gold Rush country, these 31.5 acres of meticulously maintained property are comprised of 9 acres of professionally managed vineyards with 7 European varietals, a 5,000 sq. ft. custom built home, and a 1,500 sq. ft. red steel barn. The surrounding beauty of the foothills and Sierra Nevada Mountains adds the finishing touches to the idyllic country lifestyle for the serious wine connoisseur.

$2,250,000

www.7965PoolStationRd.com

• 31.5 Acres • 5,000 Sq. Ft. Home • 9 Acres of Managed Vineyard

Listing Provided by Mia Park & Heather Victoria Lic.#01390597 & 01401841

225 Double Bogey Drive Boulder Creek, CA 95006 This Gorgeous, Gated Estate is located on the Boulder Creek Country Club on over an acre of land. Located on the 3rd Tee, this Sunny property consists of a Well Appointed Main Home w/6 Oversized Bedrooms, 4 Full Bathrooms, approximately 5,000 Square Feet of Living Space. The Guest Quarters Consists of 2 Huge Bedrooms, 1 Full Bathroom, a Great Room with Spectacular Views, approximately 2,700 Square Feet of Living Space.

$1,795,000

www.225DoubleBogeyDrive.com

• 8 Bedrooms • 5 Bathrooms • Approx. 7,700 Sq. Ft. • Approx. 46,609 Sq. Ft. Lot

Listing Provided by Rob Godar Lic.#01356357

2965 Paseo Robles San Martin, CA 95046

5 Bedrooms • 4½ Bathrooms • Approx. 5,318 Sq. Ft. • Approx. 10.29 Acre Lot Custom built by Chase & Arnold, at 5,318 sq ft this expansive home in San Martin exemplifies elegance and beauty.

The stucco influence in the Georgian style only hints at the stunning interior. The well-designed 5 bedroom, 4½ bathroom open floor plan is perfectly suited for a number of uses, be it entertaining guests, a casual get-together, or simply unwinding at home. Multiple living spaces offer versatility with the many options this home provides.

Sheltered by the surrounding hills with wide-open views, this property is reminiscent of the Italian countryside.

Nestled above a professionally-designed golf course, the property’s natural charm is amplified by its deliberate and compelling design. Located minutes from downtown Morgan Hill, this sweeping 10.29 acre property provides al fresco majesty and quiet retreat.

Listing Provided by Don Barnes, #01791580

Offered At: $2,895,000

www.2965PaseoRoblesAve.com

20870 Jacks Road Saratoga, CA 95070

5 Bedrooms • 3½ Bathrooms • Approx. 4,400 Sq. Ft. • Approx. 50,965 Sq. Ft. Lot Contemporary Living & Dining. Custom-built in 1977, this 5-bedroom multi-level home offers modern living in a beautifully designed contemporary setting. Recently updated and renovated, the original Modern architecture blends spaciousness with comfort and grace while a gas fireplace in the living room, accent walls, and carefully chosen lighting, lend warmth and color throughout the home. The open floor plan welcomes, while plenty of natural light abounds through the recessed skylights, vaulted ceilings, and floor-to-ceiling windows. Stunning views of the property’s surrounding foliage add a feeling of communing with nature.

Listing Provided by Violaine Mraihi, Lic.#01356269

$3,400,000

www.20870JacksRoad.com

0 Comstock Road Hollister, CA 95023 Approx. 57 Acres Prime location in growing San Benito County. Rare opportunity to acquire 56 acres of some of the best agricultural land, perfect for farming, building your dream home or future development potential. This property offers breathtaking panoramic views of the mountains and is surrounded by upscale residential estates. It is centrally located within 45 minutes from Silicon Valley (to the north) and Monterey Bay (to the west). Along with being close to Hollister Airport, it has its own approved airstrip along the west side of the property. San Benito County offers name brand wineries and vineyards, outdoor venues, country club golf courses and much more…

Listing Provided by Lisa Scagliotti Lic.#01760967

$1,900,000

0 Spanish Ranch Road Los Gatos, CA 95033

A truly once in a lifetime opportunity to own one of the largest privately owned parcels in the Santa Cruz Mountains, the majestic and historic Spanish Ranch. Encompassing 338.72 acres of pristine land overlooking the Soquel State Demonstration Forest, with distant views of the Bay and abutting the Soquel Creek, this jewel of the Santa Cruz Mountains is a nature lovers delight. A setting with breathtaking views, abundant heritage redwood groves, and beautiful meadows. A spectacular venue to build an estate home or a private retreat and the ultimate playground for the discerning buyer. The property is just minutes from downtown Los Gatos and a short drive to the Santa Cruz boardwalk and beaches.

Listing Provided by Matthew Pakel & Craig Gorman Lic.#01957213 & 01080717

$9,187,000

www.0SpanishRanchRd.com

5647 Wylderidge Drive Murphys, CA 95247

3 Bedrooms • 3 Bathrooms • Approx. 3,200 Sq. Ft. • Approx. 3 Acre Lot MILLION DOLLAR VIEWS and just over 2 hours from the Bay Area! Perched at the top of Darby Knob Mountain in a quiet neighborhood of Custom, High End homes, every functional feature is designed with the best available products and materials.

There are Views from every window and a spacious outdoor deck that provides dining, entertaining or soaking in the hot tub while enjoying the sunrise and sunsets! Space for a corral as Horses are Allowed Too!! Large Den can be 4th Bedroom. You can ski in the morning and play golf in the afternoon. The local wineries, restaurants, ski resorts, golf courses, lakes, music festivals and other outdoor activities make living here a peaceful & relaxing retreat all year round. BUY WITH A FRIEND AND SHARE THE COST. USE AS A VACATION HOME YOURSELF AND POSSIBLY A VRBO OR AIRBNB RENTAL!!

Listing Provided by Darlene Brinkerhoff Lic.#01435047

$975,000

www.5647WylderidgeDrive.com

4541 Comstock Road Hollister, CA 95023

This 4,250 sq. ft. contemporary ranch is situated on 341 acres of pristine open space. With 3 bedrooms and 4 bathrooms, the modern yet rustic-feeling main house features vaulted ceilings, exposed beams, and a wide open floor plan. All natural wood accents throughout give the home a welcoming feel while maintaining an air of quiet dignity. The adjoining 1,050 sq. ft. guest house adds plenty of extra space for overnight guests or as an in-law suite.

Additional amenities to this substantial property include three rustic barns, a 40-panel solar system among others and a fire pit. The fenced-in yard and well-maintained grounds create an environment of comfort and beauty. Located minutes from downtown Hollister, this property would make a great home for a growing family or even someone eager to begin raising horses, farming, or exploring the surrounding natural flora and fauna.

Listing Provided by Don Barnes Lic.#01791580

$2,695,000

www.4541ComstockRd.com

3386 Awalt Drive

Mountain View, CA 94040 4 Bedrooms • 3½ Bathrooms • Approx. 2,326 Sq. Ft. • Approx. 8,400 Sq. Ft. Lot Welcome to your new home! Effective year of build is 2017. Coveted Cul-de-Sac location in Waverly Park. Home was stripped to framing from the inside, redesigned in today’s modern living style & taste, addition built, then finished with the utmost craftsmanship & quality you can find on the market. Great Room design consisting of Kit/Din/Fam Rooms.

Chef’s kitchen with professional grade stainless appliances and 9’+ island. New white oak flooring and plush carpeting.

New front & backyard landscape design. A remarkable home with unmatched quality in today’s market. Built by DRVO Builders, Inc.

Listing Provided by Ivan Margaretich Lic.#01179888

$2,599,000

1460 Davis Street San Jose, CA 95126

3 Bedrooms • 2½ Bathrooms • Approx. 3,104 Sq. Ft. • Approx. 10,450 Sq. Ft. Lot This custom craftsman style home was originally constructed in 1910, but it was rebuilt with some additions and updated in 2013*Gorgeous and immaculate detail throughout*3 bedroom,2½ Bathrooms, 3,104 sq. ft. craftsman home on 10,450 sq. ft. parcel in prime Rose Garden Area*Gourmet kitchen with island, breakfast bar, Stainless Steel GE Monogram appliances*Light & bright family room has hardwood floors and flows into formal dining room*Living room offers soaring 18’ ceilings & fireplace*Huge Master suite offers walk-in closet & private balcony* Master bathroom with custom vanity & large bathtub* Backyard offers Redwood porch & deck, ideal for outdoor entertaining*Garage parking for 7 cars & work area*Other amenities include solar system w/320 amp, high purity water filtration, surround-sound throughout*Must see to appreciate all this home has to offer.

Listing Provided by Mo Bani-Taba Lic.#01333629 Intero Lincoln, this office is independently owned and operated.

$1,798,000

8425 Quail Canyon Road Vacaville, CA 95688

3 Bedrooms • 4 Bathrooms • Approx. 2,768 Sq. Ft. • Approx. 41 Acre Lot Unique and absolutely stunning property. Olive tree lined driveway leads to gorgeous home with four buildings surrounding magnificent 300 year old Valley Oak. Four separate pods. Living quarters, Master quarters, guest quarters, and versatile studio with kitchenette & bathroom. Views to take your breath away with 10’ windows and high barrel ceilings. Walled gardens with Koi pond. This property manages to blend the art of zen with industrial chic.

Listing Provided by Elizabeth Fry Lic.#00827314 Intero Vacaville, this office is independently owned and operated.

$1,250,000

19681 Rabon Valley Road Grass Valley, CA 95949

5 Bedrooms • 5 Bathrooms • Approx. 5,000 Sq. Ft. • Approx. 40.72 Acre Lot Private 41+/- acre property with 5000 sf high end log home, 2400 sf shop and LONG RANGE VIEWS! Floor plan lays out great for multi family!! Open great room floor plan includes an immense gourmet kitchen with high end appliance package and custom stone counters, formal dining area and separate breakfast nook. Formal living room too and kept cozy by the river rock fireplace. There are a potential of 6 bedrooms, 4 en suite. High end window packages enhance the views through nearly every window. There are also dual units that control heating and air conditioning in the home. The home sits on a knoll top with 40.72 gently rolling acres. The land is nearly entirely usable! Views galore and plenty of privacy.

Listing Provided by Edie Miller Lic.#01835167 Intero Penn Valley, this office is independently owned and operated.

$1,200,000

1585 Newport Avenue San Jose, CA 95125

4 Bedrooms • 3½ Bathrooms • Approx. 3,650 Sq. Ft. • Approx. 9,462 Sq. Ft. Lot Welcome to this phenomenal Frank Lloyd Wright inspired home. Offering a desirable floor plan with separate living & dining rooms, an open-concept kitchen with adjacent family room. Surround sound throughout the entire home. This one of a kind home is perfect for entertaining inside or out. The backyard offers an Outdoor kitchen, Slate tiles, a pergola-covered patio with an outdoor fireplace and a sparkling solar heated swimming pool with water fountain. Perfect for warm summertime parties! This home is energy-efficient with solar. Chef’s eat-in kitchen, Thermador appliances, Solid wood Red Birch Custom Cabinets, oversize granite island, Sub zero wine storage and huge Butlers Pantry. Master suite includes private patio, large walk-in closet, oversize shower with frameless glass door and soaking tub. Other amenities include Brazilian Cherry Floors, 7ft. solid Mahogany doors, inside laundry room, built in bookcases, 2 gas fireplaces. Detached 3 car garage includes ample attic storage & European custom cabinets with a workbench. Close to Lincoln Avenue shops & more. California Living at its best.

Listing Provided by Michele Rodriguez Lic.#0708588

$2,798,000

1585Newport.com

6973 Pleasants Valley Road Vacaville, CA 95688

5 Bedrooms • 3 Bathrooms • Approx. 2,964 Sq. Ft. • Approx. 4.4 Acre Lot Best of all worlds. This spacious home, only minutes to town, overlooks Vaca Valley; vineyards and orchards. Two bedrooms plus an office downstairs including spacious master suite with fireplace. Two more bedrooms and bathroom upstairs. Updated kitchen and baths. Long paved driveway to the house, extra parking, Approx. 800 sf shop w/power, 3 stall barn w/ tack room, power and water. White vinyl fencing with 3 separate pastures for horses.

Listing Provided by Elizabeth Fry Lic.#00827314 Intero Vacaville, this office is independently owned and operated.

$1,025,000

17622 Chaparral Drive Penn Valley, CA 95946

4 Bedrooms • 4 Bathrooms • Approx. 3,637 Sq. Ft. • Approx. .40 Acre Lot Lovely Tuscan architecture greets you from the curb. Formal tile entry leads to a huge living room and formal dining room adorned w/columns to enhance a formal ambiance. The master and 1 secondary bedroom are on the main floor and master includes dual vanities, walk in closet, separate tub and shower and exterior access. Great views too! The gourmet kitchen is spacious and has a LOT of cabinetry for storage and counter space for working. Downstairs are an additional 2 bedrooms, bathroom, family room and bonus room that could be completed as a secondary master or guest quarters. Plenty of basement for wine storage too! Large decks overlooking the lake view.

Listing Provided by Edie Miller Lic.#08135167 Intero Penn Valley, this office is independently owned and operated.

$1,195,000

18188 Wagner Road Los Gatos, CA 95021

5 Bedrooms • 5½ Bathrooms • Approx. 4,994 Sq. Ft. • Approx. 3 Acre Lot This executive Los Gatos custom-built gated home was built 4 years ago and is ideal for buyers who prefer a modern style. Perfect for the high-tech executive who wants the latest features but with privacy surrounded by nature. The home has an open floor plan with high ceilings and a stunning chandeliers. Other amenities include: elevator; walnut flooring; Imported Italian windows & doors; sustainable green building; smart lighting controlled from your smart phone; professional chef’s kitchen with high end appliances; built-in espresso maker; electrical vehicle charging; multi-zone climate controls; built-in audio/visual controls; outdoors pool; water slide; sports court; climbing wall; gazebo & patio for outdoor cooking & entertaining. The pool house is not included in the square footage. Only 4.5 miles from the Village or 13 minutes.

Listing Provided by Mo Bani-Taba Lic.#01333629 Intero Lincoln, this office is independently owned and operated.

$3,888,000

3012 Waverley Street Palo Alto, CA 94306

4 Bedrooms • 3½ Bathrooms • Approx. 2,687 Sq. Ft. • Approx. 6,432 Sq. Ft. Lot Mediterranean beauty in Palo Alto Midtown neighborhood. A complete remodel in 2008, this house brings in sunlights that shines onto the gleaming wood floor throughout. An open chef’s kitchen with large island that looks onto the family room make this the gathering area on the ground floor. A bedroom suite with private bath adjacent to the family room brings much convenience as an in-law suite or for guests. Upstairs, the master suite has a romantic balcony to enjoy the backyard view and morning coffee! Luxurious master bath includes a walk-in shower, a corner jacuzzi tub, and double vanity sink cabinets. Two large bedrooms offer space to study and sleep. Central air, wire-ready alarm system, and tankless water heater. Attached 1-car garage with new epoxy floor, a covered carport and large driveway provides good parking space. Backyard is landscaped with large grass area and fruit trees all around. A patio area is ideal for outdoor dining, right outside of the kitchen area. This home offers both beauty and functionality in a coveted Silicon Valley neighborhood.

Listing Provided by Cindy Hung Lic.#01435984

$3,500,000

8685 Larkspur Lane Gilroy, CA 95020

5 Bedrooms • 3½ Bathrooms • Approx. 4,672 Sq. Ft. • Approx. 41,817 Sq. Ft. Lot Stunning single story Mediterranean estate in the heart of prestigious Country Estates w/ views of Eagle Ridge*5 bedrooms, 3½ Bathrooms offers approx. 4,672 sq. ft. of living space on ~ 41,818 sq. ft. parcel*Formal entry boasts w/ a Mahogany front door & 12’-14’ ceilings*Gourmet eat in kitchen w/ island, granite counter tops, custom backslash, cherry cabinets, white oak floors, S/S appliances, & walk in pantry*Over-sized, light & bright family room w/ floor to ceiling windows, hardwood floors w/ inlays, custom fireplace, built in shelving & cabinets*Formal dining room w/ white oak floor, Mahogany built in w/ butler’s pantry& wine cooler*Master suite includes gas fireplace, walk in closet & sitting area*Master bath w/ marble floors & vanity, jetted tub & over sized glass shower*Professionally landscaped, Salt Water Pool, marble gazebo kids pool & waterfall*Other amenities include marble & travertine floors, multiple patios, kids playground, 2 fountains, 3 car garage, RV parking & much more!

Listing Provided by Mo Bani-Taba Lic.#01333629 Intero Lincoln, this office is independently owned and operated.

$1,998,000

245 Mountain Wood Lane Woodside, CA 94062

4 Bedrooms Plus Office • 5½ Bathrooms • Approx. 8,700 Sq. Ft. • Approx. 3 Acre Lot Exceptional Western Hills views grace the backdrop of this very private mostly flat property on Woodside’s most exclusive private lane. Approximately 8700 sq ft state of the art home, with walkout lower level entertaining center that includes home theatre, gym, media/play room and sumptuous wine room. Currently under construction, this is a once in a lifetime opportunity to customize your dream estate. Equestrian property, sunny and open with great light yet framed with beautiful heritage oaks and redwoods. Main residence ~8700 sq. ft: Main floor: 6000 sq. ft, includes 4 En-Suite Bedrooms, office, formal living and dining rooms. Lower Level: 2700 sq. ft, includes Home Theatre, Gym with Steam Room and Sauna, Wine Room, Play Room and Exterior Patio.

Listing Provided by Linda Hymes Lic.#01917074

Price Upon Request

1160 Lomond Drive El Dorado Hills, CA 95762

4 Bedrooms • 4½ Bathrooms • Approx. 4,349 Sq. Ft. • Approx. 30,056 Sq. Ft. Lot Highland Hills custom home built by award winning home builder. This 4,349 sq. ft. home is situated on a wooded private lot. Inside the home hand scraped custom hardwood floors accentuate the main level as do 12’ wood beam ceilings.

Main level private master suite, chef’s kitchen with knotty alder cabinets and SS appliances, formal dining room with wine cellar, office and bonus room. Private & relaxing backyard featuring covered courtyard, veranda, pool, built in BBQ. No Mello Roos or HOA’s

Listing Provided by Bud & Christina Carroll Lic.#01947707 Intero El Dorado Hills, this office is independently owned and operated.

$1,448,000

www.1160LomondDrive.com

Newcastle CALIFORNIA

4 Bedrooms • 3 Bathrooms • Approx. 3,277 Sq. Ft. • Approx. 326,700 Sq. Ft. Lot Webster’s defines the word ‘quality’ as the standard against which other things are judged, and a degree of excellence. We define it as this gorgeous 7.5 acre listing in Newcastle, nestled right in the Sierra foothills. Sunsets will seem designed for your personal enjoyment as you view them from this sensational porch, which also overlooks mountainous granite outcroppings and a soothing year-round stream. The 4 bedroom, 3 bath home is 3277 square feet on 5 acres, which can be split according to the seller, and there is an additional 2.5 acres with a separate APN. Beautiful California oaks on gently rolling hills are visible from every well-crafted door and window. Hobbyists will appreciate the 3-car garage with extra work space, and cooks will love the custom cherry cabinetry and commercial range. HVAC, new tankless water heater, and there is also a wine room with a custom wood door. New carpet and designer paint throughout. Award-winning Loomis schools. This property is a degree beyond excellence, and the standard by which others should be judged, and it could be where you come home every day.

Listing Provided by Elizabeth Speth & Colleen Nargussi Lic.#002024026 & #019088609 Intero Rocklin, this office is independently owned and operated.

$1,199,000

6994 Blue Ridge Road Vacaville, CA 95688

4 Bedrooms • 3 Bathrooms • Approx. 1,950 Sq. Ft. • Approx. 46.12 Acre Lot Located on a ridge bordering Napa and Solano Counties. Spectacular private Retreat and Vineyard. California Adobe Home with amazing views of the valley and beyond, relaxing in-ground pool, 105 yard Par 3 golf hole w/ tee box and putting green, and 10 x 60 Bocce ball Court. 43 acre parcel with 2 1/2 acres of wine grapes, lavender crop, and guest quarters.

Listing Provided by Elizabeth Fry Lic.#00827314 Intero Vacaville, this office is independently owned and operated.

$1,450,000

4610 Gresham Drive El Dorado Hills, CA 95762

5 Bedrooms • 6 Bathrooms • Approx. 8,600 Sq. Ft. • Approx. 34,928 Sq. Ft. Lot Old world craftsmanship greets you at every turn as you walk into this stunning French Country Estate perched atop one of Serrano Country Club’s finest view lots. This timeless estate features a main level master suite, 4 additional bedrooms, 3 full bathrooms and 2 powder baths. The center of the home features a gourmet kitchen that boasts a stunning Aga Cooker, Elan oven and 2 Sub Zero refrigerators. The picturesque backyard overlooks Folsom Lake complete with a pool, spa and build-in BBQ.

Listing Provided by Bud & Christina Carroll Lic.#01947707 Intero El Dorado Hills, this office is independently owned and operated.

$2,599,000

GreshamEstate.com

13655 Thoroughbred Loop Grass Valley, CA 95949

3 Bedrooms • 4 Bathrooms • Approx. 4,779 Sq. Ft. • Approx. 5 Acre Lot Beautiful estate on five private acres, minutes to Grass Valley. Immaculate park-like grounds surround this lovely 4,779 SF home featuring stunning hand-sawn heart redwood ceilings, and all masonry recycled from century-old Nevada City building. Lovely in-ground swimming pool with spa and lighted tennis and basketball court. This home is an entertainer’s dream with the perfect floor plan for everyone to stretch out and enjoy. 40 yr roof and HVAC both in 2015. New carpeting, new plaster on pool and new decking. All five acres are usable and there is a large pasture area perfect for horses. Well produced 20 gallons a minute when last tested.

Listing Provided by Betsy Hamilton Lic.#01936209 Intero Auburn, this office is independently owned and operated.

$1,199,000

3998 Bolinas Place Discovery Bay, CA 94505

3 Bedrooms • 3 Bathrooms • Approx. 3,377 Sq. Ft. • Approx. 13,206 Sq. Ft. Lot Enjoy the Spectacular, Sweeping Views of the Delta from this Gorgeous, Mediterranean-style Estate in Discovery Bay! A Rare Gem Sprawling Across the Huge 13,206 foot Eastern Exposure Point Lot, Boasting 176 feet of Water Frontage Across the Back! This Custom Built Masterpiece features an Open Floor Plan with Large Bedrooms & Baths, One Located on the Ground Floor. Gourmet Kitchen with Plenty of Storage, Granite Counters, Gas Burners at the Center Island, EatUp Bar and Inviting Breakfast Nook. The Spacious, Comfortable Living Areas are Centered Around Wall-to-Wall Windows with Picturesque Delta Views. Sparkling In-Ground Pool and Spa Areas Create the Feeling of a Private Retreat, Perfect for Relaxing. Wrap-Around Patio is also Perfect for Entertaining Family and Friends, Including a Large Vinyl Deck & Double U-Dock for All of your Watercraft Needs. Located Close to Fast Water, Offering Undeniably Breathtaking Panoramic Views!

Listing Provided by Randy Prince Lic.#01234036 Intero Discovery Bay, this office is independently owned and operated.

$1,888,888

7944 Pleasants Valley Road Vacaville, CA 95688

5 Bedrooms • 4 Bathrooms • Approx. 2,789 Sq. Ft. • Approx. 43.86 Acre Lot Beautiful authentic country family estate and organic olive farm (45 acres w/450 olive trees) producing Napa award winning olive oil. The main house is 3000 sq ft, w/3 car garage, 4 bedrooms, 3 full baths, living/dining rm, den/office, bonus room (or possible 5th bed rm), tennis & Bocce courts, 75’ lap pool, spa, pool house w/shower, large vegetable garden and a 1700 sq ft 3 bed 2 bath 2nd home which can generate rental income and PG&E net credit solar panels so you never have to pay for electricity. This property is under the Williamson Act and has so much to offer. This is more than a home, it’s a lifestyle! The olive farm or better known as “LaFerme Soleil,” has been producing high quality, organic, extra virgin olive oil since the 2008. La Ferme Soleil takes advantage of the perfect climate and soil conditions, provided by the Beautiful Pleasants Valley of Solano County, for the growing of olives for olive oil.

Listing Provided by Elizabeth Fry Lic.#00827314 Intero Vacaville, this office is independently owned and operated.

$2,290,000

5212 Hawkstone Way San Jose, CA 95138

4 Bedrooms • 6 Bathrooms • Approx. 5,432 Sq. Ft. • Approx. 17,423 Sq. Ft. Lot This magnificent custom estate with expansive grounds & wonderful long distance views is one of the finest in Silver Creek Valley Country Club. Capturing grace & style with custom amenities throughout the interior, this dream home is the perfect sanctuary to enjoy the Country Club lifestyle. A large bonus room upstairs with bar area & full bath is accessed through a secondary staircase & is perfect for entertaining. The stunning & private grounds provide an oasis of beauty with a sparkling pool, spa, gazebo with built-in BBQ, multiple stone patios, play structure area & fire pit. Extraordinary & ready for the most discerning buyer!

Listing Provided by The Kliewer Team Lic.#070012088

$2,995,000

www.5212HawkstoneWay.com

JUST SOLD

981 Saint Joseph Court Los Altos, CA 95014

5 Bedrooms • 3½ Bathrooms • Approx. 4,700 Sq. Ft. • Approx. 14,400 Sq. Ft. Lot Built in 1953, this bungalow-style, 5-bedroom 3½-bathroom rare home is 4,700 sq. ft. and sits on a lavish 14,400 sq. ft. lot. The recessed entryway greets guests with its beautiful landscaping and native trees shading the classic brick walkway. Hardwood floors and vaulted ceilings accent the great room with its stone fireplace and sliding glass doors leading to the veranda. The adjacent family room with its massive fireplace and an abundance of natural light allows for ample space to retire and spend time with friends.

Listing Provided by Albert Garibaldi & Matt Dapolito, Lic.#01321299 & Lic.#2015668

$3,999,950

www.981SaintJosephCt.com

SALE PENDING

991 Saint Joseph Court Los Altos, CA 95014

5 Bedrooms • 4.5 Bathrooms • Approx. 3,500 Sq. Ft. • Approx. 18,000 Sq. Ft. Lot A contemporary single story 6-bedroom, 5-bath home in one of the most desirable South Bay communities, is minutes from Sunnyvale and Cupertino. With its hardwood floors, tiled front entrance and carpets throughout, this property is one to behold. The great room opens into the family room and the adjoining dining room. Three fireplaces and cathedral ceilings in the generous open floor plan gives plenty of space to enjoy the comforts of home. Skylights and modern light fixtures offer an abundance of light to enjoy the beauty of these expansive and creatively designed rooms.

Listing Provided by Albert Garibaldi & Matt Dapolito, Lic.#01321299 & Lic.#2015668

$2,999,950

www.991SaintJosephCt.com

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