
Los Gatos, California 95030
Welcome to an exquisite Mediterranean estate nestled in the foothills of Los Gatos at 16840 Cypress Way. Located at the bottom of Cypress Way, this gated property offers privacy and dramatic views with easy access to the vibrant downtown. This luxurious residence boasts breathtaking vistas of the valley, offering a stunning 5,844sf± of refined living space. Designed for both elegance and comfort, the home features 5 sumptuous bedrooms, each with private ensuite bath, including a convenient main level suite for multi-generational living. The expansive main level is thoughtfully arranged, encompassing a formal living room, spacious office, kitchen/great room, and a formal dining room that opens onto a voluminous covered patio. Perfect for entertainment, this outdoor space overlooks the verdant gardens and enchanting water features. The property spans over 2.03± acres. This gated sanctuary is complemented by a 800sf± estate entertainment retreat, jacuzzi pavilion, and sunning terrace, inviting you to indulge in the serene surroundings. Enter through a custom gated entry onto an expansive car park, accented by a central fountain. Award winning Los Gatos Schools! Seller to provide $200,000 credit to buyer for any cosmetic modifications. Furnishings to be included in the sale.
Property is moderate renovation needed.
Built in 1992 (32 years old), this estate is well-maintained but features original Mediterranean-style interiors that are now dated, including 90s-era pink carpeting, heavy drapery, and older fixtures. The seller's inclusion of a $200,000 credit for cosmetic modifications confirms the property requires significant aesthetic updates to align with modern luxury standards, fitting the 'Fair' criteria for homes over 20 years old needing updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 88426, living area = 5844.
Situated on a private 2-acre gated lot in the Los Gatos foothills, the estate offers breathtaking panoramic views of the valley and city lights while maintaining convenient access to downtown.
The 5,844 sqft floor plan features five ensuite bedrooms, including a main-level suite for multi-generational living and a separate 800 sqft entertainment retreat.
With 147 days on the market, the property has experienced a prolonged listing period, which may lead to buyer hesitation regarding its current valuation.
Built in 1992, the home likely requires cosmetic updates to meet modern luxury standards, as indicated by the large seller credit offered for modifications.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.8 |
| Baths | 6.0 | 3.0 |
| Square foot | 5,844 | 2,245.623 |
| Lot Size | 88,426 | 24,726.519 |
| Price | $8.50M | $2.78M |
| Price per sq ft | $1.5K | $1.2K |
| Built year | 1992 | 1970 |
| HOA | $0 | $194 |
| Days on market | 187 | 42 |
Apr 20, 2026
$8,498,000
Initial Listing