16497 S Kennedy Road, Los Gatos, California 95032, Los Gatos, 95030 - 5 bed, 6 bath
ACTIVE$2,788,000
16497 S Kennedy Road, Los Gatos, California 95032
5Beds
6Baths
4,810Sqft
111,843Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
Significant Additional Investment Required: This is a building site, meaning the listed price covers the land and approved plans only. The buyer will incur substantial additional costs for construction to complete the proposed 4,810 sqft home.
Compared to the nearby listings
Price:$2.79M vs avg $3.79M ($-997,000)23%
Size:4,810 sqft vs avg 2,559 sqft90%
Price/sqft:$580 vs avg $1.4K3%
More Insights
Built in 2025 (0 years old).
Condition: This listing is for a building site with planning approval for a new 4,810 sqft home, indicated by the 'year_built: 2025'. While currently a vacant lot, the score reflects the condition of the future home as it will be newly constructed, featuring all new components, modern styles, and meeting current quality standards upon completion. The images provided are of the vacant lot and a conceptual rendering of the proposed new build.
Year Built
2025
Close
-
List price
$2.79M
Original List price
$4M
Price/Sqft
$580
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008703
Home ConditionExcellent
Features
Good View: City Lights, Hills, Mountain(s), Valley
ViewCity Lights,Hills,Mountain(s),Valley
About this home
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.
Condition Rating
Excellent
This listing is for a building site with planning approval for a new 4,810 sqft home, indicated by the 'year_built: 2025'. While currently a vacant lot, the score reflects the condition of the future home as it will be newly constructed, featuring all new components, modern styles, and meeting current quality standards upon completion. The images provided are of the vacant lot and a conceptual rendering of the proposed new build.
Pros & Cons
Pros
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 & Prestigious Neighborhood: Situated in the prestigious South Kennedy Road neighborhood of Los Gatos, offering convenient access to downtown, local schools, shopping, and freeways, enhancing desirability and long-term value.
Development-Ready with Approved Plans: Planning approval has already been received from the Town of Los Gatos for a substantial 4,810 sqft, 5-bedroom, 6-bathroom home, significantly de-risking the custom build process.
Extensive Site Preparation & Documentation: City utilities are available at or near the site, and critical geotechnical, soils, survey, and topographical reports are available, streamlining the development process and reducing initial buyer effort.
Generous Lot Size & Scenic Vistas: A spectacular 2.58± acre building site provides ample space and offers open vistas of the surrounding Los Gatos mountains and stately oak trees, creating a serene and private setting.
Desirable School District: The property is located within the highly-regarded Los Gatos School District, a significant draw for families seeking top-tier educational opportunities.
Cons
Significant Additional Investment Required: This is a building site, meaning the listed price covers the land and approved plans only. The buyer will incur substantial additional costs for construction to complete the proposed 4,810 sqft home.
Extended Timeline to Occupancy: As a raw building site, the buyer faces a considerable construction period, typically 1-2+ years, before the home is move-in ready, delaying immediate occupancy and requiring patience.
Recent Price Reductions: The property has seen significant price drops from its original list price ($3.995M to $2.788M), which could indicate initial overpricing or market resistance, potentially affecting future valuation perceptions.