
Morgan Hill, California 95037
This High-Potential Investment Opportunity is a unique multigenerational estate listed at $3,495,000, positioned well below the $3,610,825 Fair Market Value by 3%. This valuation gap offers $115,825 in Instant Equity. Featuring a Mint Condition Rating, the property includes a remodeled kitchen, pool and spa, and a detached guest house. With its expansive lot and versatile layout, this estate is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking luxury, privacy, and long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1720 Jasper Highlands Drive Subject 6 bd · 9 ba · 6,960 sqft · $519 | $3,495,000* List Price | 6 | 9 | 6,960 | $519 | - |
A 18600 Castle Ridge Drive Active 5 bd · 7 ba · 5,848 sqft · $495 · 0.5 mi | $2,895,000 List Price | 5 | 7 | 5,848 | $495 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1998, the property has undergone significant recent renovations including a remodeled kitchen with new quartzite countertops, new flooring throughout most of the home, and updated pool surfacing. The interior finishes, solar systems, and overall maintenance reflect a mint-condition estate requiring no immediate work.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 114127, living area = 6960.
The estate features a substantial detached guest house with two bedroom suites and a studio apartment, providing rare flexibility for extended families, long-term guests, or potential rental income.
Extensive recent upgrades, including a remodeled kitchen with quartzite countertops, new flooring, and updated pool surfacing, offer a refreshed, move-in-ready aesthetic for discerning buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6960, other record living area = 5171. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The property is currently listed at $3.495M, which is notably lower than its 2022 sale price of $3.75M, potentially signaling a correction in local luxury market demand.
With nine bathrooms, two separate residential structures, and over 2.6 acres of land, the property carries significant ongoing utility, landscaping, and maintenance requirements.
This one-of-a-kind multigenerational luxury estate features a stunning main residence with 4 bedrooms, 4 full baths, and 2 half baths, plus a detached guest house offering 2 bedrooms, 3.5 baths, and a studio apartment. Ideally located just minutes from Downtown shopping, dining, and entertainment. The main level features a spacious primary suite with dual bathrooms and walk-in closets, private office/library, fully equipped gym, and state-of-the-art media room. Recently remodeled kitchen showcasing refinished cabinetry, new quartzite countertops, and updated finishes, ideal for both everyday living and entertaining. New flooring has been installed throughout much of the home along with an updated handrail, adding to the properties refreshed modern feel. Outdoor spaces include a beautiful pool and spa with recently updated pool surfacing and an expansive patio perfect for entertaining. Detached guest house includes two additional bedroom suites with private entry to a lower-level unit ideal for guest quarters, in-laws, studio space, or storage. Five garages accommodate up to six vehicles with ample room for a workshop, toys, or additional storage. A truly unique property offering the flexibility and feel of multiple homes on one lot.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 9.0 | 3.0 |
| Square foot | 6,960 | 2,354.219 |
| Lot Size | 114,127 | 9,329.156 |
| Price | $3.50M | $1.50M |
| Price per sq ft | $502 | $674 |
| Built year | 1998 | 1992 |
| HOA | $0 | $192 |
| Days on market | 22 | 45 |
Oct 2, 2026
$3,495,000
Initial Listing
Feb 22, 2022
$3,750,000
Public Record
Jan 9, 2009
$2,300,000
Public Record
May 25, 2007
$3,000,000
Public Record