16497 S Kennedy Road, Los Gatos, California 95032, Los Gatos, 95030 - 5 bed, 6 bath
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Los Gatos, California 95032
Analysis of 16497 S Kennedy Road, Los Gatos, California 95032 is currently available with a list price of $2,098,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Gatos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This is a new construction project with a 2025 build year and approved plans for a 4,810 sqft luxury home. As a new development, all components including the kitchen, bathrooms, flooring, and HVAC systems will be brand new, meeting the highest current quality standards with no physical depreciation or deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 111843, living area = 4810.
Planning approval is already secured for a 4,810 sqft luxury residence, significantly reducing the time, cost, and bureaucratic hurdles typically associated with the Los Gatos permitting process.
Situated on a 2.58-acre lot in the desirable South Kennedy Road neighborhood, the property offers stunning mountain and city light views within the highly-rated Los Gatos School District.
The property has seen multiple substantial price reductions from its original $3.995M listing, which may signal previous overvaluation or market resistance to the total projected development costs.
As a vacant building site, the buyer must undertake the significant financial risk and multi-year time commitment required for high-end residential construction before realizing the property's full value.
Spectacular 2.58± acre building site in the prestigious South Kennedy Road neighborhood of Los Gatos. Planning approval has been received from the town of Los Gatos for a 4,810sf±, 5 bedroom, 4 full and 2 half bathroom home. This beautiful property offers open vistas of the surrounding Los Gatos mountains and stately oak trees with a clear and easily accessible building site. The location sits amongst beautiful estate quality homes with convenient access to the charming downtown, local schools, shopping, and freeways. There are two possible entry points onto the property which offers elegant access to your newly built home. City utilities are available at or very near the building site for efficient site development. Geotechnical and soils, survey, and topographical reports available. This site sits within the Los Gatos School District.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 72% |
| Baths | 6.0 | 3.0 | 86% |
| Square foot | 4,810 | 2,511 | 90% |
| Lot Size | 111,843 | 20,305 | 97% |
| Price | $2.10M | $3.90M | 10% |
| Price per sq ft | $436 | $1.6K | 3% |
| Built year | 2025 | 1962 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 329 | 127 | 93% |
Apr 1, 2026
$2,098,000
$2,498,000
-16% Price Drop
Initial Listing
Jan 27, 2026
$2,498,000
$2,788,000
-10% Price Drop
Initial Listing
Nov 16, 2025
$2,788,000
$2,950,000
-5% Price Drop
Initial Listing
Aug 12, 2025
$2,950,000
Initial Listing
May 28, 2025
$3,995,000
Initial Listing