16497 S Kennedy Road, Los Gatos, California 95032, Los Gatos, 95030 - 5 bed, 6 bath
16497 S Kennedy Road
Los Gatos, California 95032
Property Price
SUMMARY
Analysis of 16497 S Kennedy Road, Los Gatos, California 95032 is currently available with a list price of $2,498,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This listing is for a building site with approved plans for a new 4,810 sqft luxury home, with a 'year_built' listed as 2025. As such, the property, once constructed, will be newly built, featuring all new components, systems, and finishes, including a modern kitchen and bathrooms, aligning perfectly with the 'Excellent' condition criteria for a newly built property.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Prime Location & Prestige
Situated in the prestigious South Kennedy Road neighborhood of Los Gatos, surrounded by beautiful estate quality homes, offering convenient access to downtown, local schools, shopping, and freeways.
- Approved Building Plans
Planning approval has already been secured for a substantial 4,810 sqft, 5-bedroom, 6-bathroom luxury home, significantly streamlining the development process and reducing buyer risk.
CONSRISKS & DEFICIENCIES
- Construction Required
This is a building site, not a finished home, requiring the buyer to undertake the entire construction process, incurring significant additional costs and time beyond the land purchase.
- Substantial Additional Investment
Beyond the land acquisition, the buyer must be prepared for a multi-million dollar investment in construction costs to build the proposed 4,810 sqft luxury home.
- Market Perception from Price History
The property has undergone significant price reductions from its original listing price of $3.995M, which may raise questions about its market valuation or previous buyer interest.
About 16497 S Kennedy Road
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2025
- Lot Size
- 111,843 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 59% |
| Baths | 6.0 | 3.0 | 81% |
| Square foot | 4,810 | 2,780 | 81% |
| Lot Size | 111,843 | 22,649 | 96% |
| Price | $2.50M | $3.90M | 15% |
| Price per sq ft | $519 | $1.4K | 4% |
| Built year | 2025 | 1971 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 283 | 177 | 85% |
Pricing History
Listed for Sale
Jan 27, 2026
$2,498,000
$2,788,000
-10% Price Drop
Initial Listing
Price Change
Nov 16, 2025
$2,788,000
$2,950,000
-5% Price Drop
Initial Listing
Price Change
Aug 12, 2025
$2,950,000
Initial Listing
Price Change
May 28, 2025
$3,995,000
Initial Listing