16001 Stephenie Lane, Los Gatos, California 95032, Los Gatos, 95032 - 3 bed, 2 bath
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Los Gatos, California 95032
This High-Potential Development Asset is listed at $2,700,000, representing a stable entry point near its $2,620,495 Fair Market Value. With a Condition Rating of 6, the primary value is the expansive 11,700-square-foot lot, a rare blank canvas in a prestigious neighborhood. The property offers significant value-add potential through a custom rebuild or major renovation within the top-tier Los Gatos Union School District. Featuring an existing deck, this site is a strategic acquisition for Contractors and Luxury Developers seeking to capitalize on scarce Silicon Valley land.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16001 Stephenie Lane Subject | $2,648,000* List Price | 3 | 2 | 1,454 | $1,790 | - |
A 16369 Hilow Road Sold | $2,100,000 | 3 | 1 | 1,056 | $1,989 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a 'tear down or renovate' opportunity with the primary value in the large lot. Interior images confirm this assessment, showing significant deterioration including large wall cracks, missing floor finishes in bedrooms, and completely outdated 1950s-style kitchen and bathrooms that have reached the end of their functional lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11700, living area = 1454.
Situated in the prestigious town of Los Gatos, this property offers access to one of Silicon Valley's most sought-after communities and the highly-regarded Los Gatos Union School District.
The generous 11,700-square-foot lot provides a rare 'blank canvas' opportunity to build a custom luxury estate or perform a major renovation in a high-value area.
As a classic fixer-upper built in 1953, the property likely requires a complete tear-down or an extensive, costly renovation to meet modern luxury standards.
The $2.7 million price tag reflects land value only, requiring buyers to have significant additional liquid capital for construction and development costs.
Rare Opportunity in the Beautiful and Prestigious town of Los Gatos This classic fixer-upper sits on a spacious, highly desirable lot that offers incredible potential. Perfect for contractors, visionaries, or anyone ready to build their dream home from the ground up. Tear down or renovate to create a custom residence in one of Silicon Valleys most sought-after communities, surrounded by luxury homes and excellent schools in the Los Gatos Union School District. The true value here is the generous lot size and prime location a blank canvas in an elite neighborhood where land opportunities are increasingly scarce.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 32% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,454 | 2,249 | 13% |
| Lot Size | 11,700 | 9,930 | 73% |
| Price | $2.65M | $3.20M | 29% |
| Price per sq ft | $1.8K | $1.4K | 86% |
| Built year | 1953 | 1965 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 86 | 45% |
Jun 8, 2026
$2,648,000
$2,700,000
-2% Price Drop
Initial Listing
Mar 25, 2026
$2,700,000
Initial Listing