120 Oak Meadow Drive, Los Gatos, California 95032, Los Gatos, 95032 - 4 bed, 5 bath
Loading property details...
Los Gatos, California 95032
This Architecturally Significant Estate represents a High-Potential Investment Opportunity, listed at $3,988,000—positioned well above the $3,772,870 Fair Market Value by 5%. While the price reflects a premium, the property offers a rare chance to create a family compound via an adjacent lot. Featuring a Condition Rating of 3, the home boasts a gourmet kitchen and resort-style grounds. This unique asset is ideal for Sophisticated Investors or Owner-Occupants seeking a historic, reimagined sanctuary in Los Gatos.
Property is move-in ready.
Although originally built in 1890, the property has been extensively 'reimagined' by a renowned architect. The interior features modern recessed lighting, skylights, a gourmet kitchen with premium appliances, and updated spa-like bathrooms. The finishes and systems appear to be from a high-end renovation within the 5-15 year range, leaving the home in well-maintained, move-in ready condition.
Expertly reimagined by renowned architect Gary Schloh, this 1890 estate masterfully blends historic character with modern luxury and sophisticated indoor-outdoor flow.
The property offers a rare opportunity to create a family compound with an adjacent lot and approved plans available, providing significant long-term value and flexibility.
Set on nearly 12,000 sq ft, the Italian villa-inspired rear gardens feature lush landscaping and mature trees, offering a private retreat near the Los Gatos Creek Trail and downtown.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11906, other record lot size in square feet = 17424.
With 138 days on market and a substantial $510,000 price reduction, the property may face challenges regarding buyer perception and initial pricing strategy.
Despite modern updates, the 1890 construction date may necessitate specialized ongoing maintenance and could involve historic preservation considerations for future modifications.
Classic home in Los Gatos, reimagined by renowned local architect Gary Schloh, to blend historic character with modern livability AND A RARE OPPORTUNITY TO CREATE A FAMILY COMPOUND because an adjacent lot with approved plans is also available. Buyer to verify plans with town. See FAQs and plans among disclosures. Set on approximately 12,000 sq ft, the property unfolds into a private, resort-like retreat. The rear grounds evoke an Italian villa with lush landscaping, mature trees, and multiple spaces for entertaining and relaxation. Inside, warm, sophisticated interiors offer seamless indoor-outdoor flow. The living room with fireplace anchors the home, while formal and informal spaces connect to the gardens. Flexible layout includes a separate dining room, media room/4th bedroom and a great room with patio access that could serve as a 5th bedroom, guest suite, or office. The gourmet kitchen features custom cabinetry and premium appliances and adjoining den and laundry room. The primary suite offers tree-filled views, fireplace, walk-in closet, and spa-like bath with soaking tub and shower. Additional features include wine cellar, 2-car garage, and underground utilities. Near Los Gatos Creek Trail, Vasona Lake Park, and downtown.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,080 | 2,262 |
| Lot Size | 11,906 | 11,200 |
| Price | $3.99M | $2.86M |
| Price per sq ft | $977 | $1.3K |
| Built year | 1890 | 1964 |
| HOA | $0 | $175 |
| Days on market | 142 | 39 |
May 31, 2026
$3,988,000
$4,498,000
-11% Price Drop
Initial Listing
Mar 2, 2026
$4,498,000
Initial Listing