In a jaw-dropping display of Peninsula real estate extravagance, a brand new Atherton mansion named Villa Anahid has hit the market for a whopping $57.5 million , making it the most expensive home listing in the neighborhood this year.

Designed by Beverly Hills architect Mike Khalesi, this contemporary 13,000-square-foot residence is more like a technological palace than a traditional home. Boasting five bedrooms, six bathrooms, and an accessory dwelling unit, the property is a testament to the Bay Area’s unrelenting luxury real estate market.

The mansion isn’t just about square footage , it’s packed with features that scream high-tech opulence. An elevator, sculptural floating staircase, two gourmet kitchens with top-tier Miele appliances, and a fitness center complete with a steam room and a sauna featuring a backlit Himalayan salt wall make this property stand out.

Interesting property details reveal that the current seller purchased the lot in 2020 for just $4.5 million, demolishing the existing midcentury home to construct this modern marvel. The listing is being handled by Compass agents Mary and Brent Gullixson, who previously worked on selling billionaire tech investor Marc Andreessen’s Atherton home.

While Atherton has long been known as a playground for tech elites , with residents like Steph Curry, Eric Schmidt, and Sheryl Sandberg , the neighborhood recently lost its crown as the nation’s most expensive zip code to Miami’s Fisher Island. The median home price in Atherton reached a record $8.33 million, compared to Fisher Island’s staggering $9.5 million.

This mansion represents more than just a property , it’s a symbol of the Bay Area’s continuing economic dynamism and the extraordinary wealth generated by the tech industry. For most millennials and Gen Z observers, it’s a stark reminder of the massive economic disparities that continue to define our regional landscape.