170 Twin Oaks Drive, Los Gatos, California 95032, Los Gatos, 95032 - 6 bed, 5 bath
ACTIVE UNDER CONTRACT$16,000,000
170 Twin Oaks Drive, Los Gatos, California 95032
6Beds
5Baths
4,600Sqft
794,970Lot
Year Built
1973
Close
-
List price
$16M
Original List price
$18.5M
Price/Sqft
$3,478
HOA
-
Days on market
1061 Days
Sold On
2026-06-30
MLS number
ML81937235
Home ConditionTear down
Features
Excellent View:
Pool
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $16.00M(98th), sqft - 4600(93th), beds - 6(91th), baths - 5(84th).
EXCELLENT OPPORTUNITY! PRIME LOCATION! VALUE IS IN THE LAND Perfect Estate property or Subdivision. One of the last large and close-in properties in Los Gatos. Located in the prestigious neighborhood of Surrey Farms, this was the original developer's home and land. The property offers sweeping valley and mountain views with gently rolling hills studded with majestic oak trees but still offers an abundance of level acreage. This special property offers an endless array of possibilities... Grand Estate, Development Opportunity, Vineyard, Equestrian...
Price History
Date
Event
Price
08/26/25
Price Change
$16,000,000
08/04/23
Listing
$18,500,000
Condition Rating
Tear down
The property was built in 1973, making it 51 years old. The listing explicitly states 'VALUE IS IN THE LAND' and the property analysis notes an 'Aging Existing Structure' that 'likely requires substantial modernization or renovation.' Crucially, there are no interior images provided, which strongly suggests the interior, including the kitchen and bathrooms, is in very poor condition and not a selling point. Given the age, the emphasis on land value, and the lack of interior photos, it's highly probable the house has not undergone major renovations in the past 50 years and its value is primarily in the land for redevelopment.
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 = 794970, living area = 4600.
Exceptional Land Value & Development Potential: The property's primary value lies in its expansive land, explicitly highlighted for potential subdivision, grand estate development, vineyard, or equestrian use, offering diverse investment opportunities.
Prime Los Gatos Location: Located in the highly desirable and prestigious Surrey Farms neighborhood, this property represents one of the last large, close-in parcels in Los Gatos.
Vast & Scenic Acreage: Spanning nearly 18.25 acres, the property boasts sweeping valley and mountain views, gently rolling hills, and majestic oak trees, providing a unique and picturesque setting.
Substantial Existing Residence: A large 4600 sqft home with 6 bedrooms and 5 bathrooms offers a significant footprint, suitable for renovation or comfortable living while future plans are considered.
Unique Historical Pedigree: As the original developer's home and land, the property carries a distinctive narrative, adding to its allure as a potential legacy estate.
Cons
Prolonged Market Exposure: With 1061 days on market, the property has experienced an extended listing period, which may indicate challenges in pricing, market appeal, or specific buyer acquisition for such a unique asset.
Significant Price Adjustment: A notable price reduction from $18.5M to $16M suggests an initial overestimation of market value or a strategic move to attract more serious buyers.
Aging Existing Structure: Built in 1973, the current 50-year-old residence likely requires substantial modernization or renovation to meet contemporary luxury standards, adding to potential buyer costs.