22990 Santa Cruz Highway 17, Los Gatos, California 95033, Los Gatos, 95033 - 3 bed, 2 bath
Loading property details...
Los Gatos, California 95033
Analysis of 22990 Santa Cruz Highway 17, Los Gatos, California 95033 is currently available with a list price of $4,750,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1984 (40 years old) with no evidence of recent major renovations. Interior photos reveal dated finishes, visible ceiling patches/cracks, and aging commercial kitchen equipment. The property requires significant rehabilitation and modernization to meet current safety and aesthetic standards for its suggested commercial and residential uses.
Boasting 586 feet of frontage on Highway 17 with over 40,000 daily vehicles, the property offers unparalleled visibility and massive brand exposure for any commercial or tourism-based venture.
The Rare Commercial Tourism (CT) zoning allows for a wide range of uses, including a boutique lodge, destination eatery, or retail shop, providing significant flexibility for investors.
The 2.34-acre parcel is uniquely improved with a 3-bedroom home, a former restaurant with a full kitchen, and three cottages, offering a multi-faceted foundation for immediate or phased development.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1900, other record lot size in square feet = 101930. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1900, other record living area = 2556.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1900, living area = 1900.
The requirement for the buyer to verify the legality, permits, and zoning requirements of all existing structures suggests potential hurdles with the Santa Cruz County Planning Department.
Rare Commercial Tourism (CT) Opportunity on Highway 17 with 586' of frontage! Situated at the summit of scenic Highway 17 between Los Gatos and Santa Cruz, this versatile 2.34-acre parcel offers endless possibilities for investors and business owners. This must-see property features high-visibility highway frontage with a dedicated turn lane and is improved with a charming 3-bedroom, 2-bathroom house, a former restaurant building with a full kitchen, a 4-car garage, and three 12x14 cottages with a dedicated 8x8 bathroom facility. Benefit from massive exposure with over 40,000 vehicles passing daily, with even higher volumes on weekends and holidays. Offering unlimited business potential for a boutique lodge, destination eatery, retail shop, or service-oriented venture. Bring your vision to this iconic Santa Cruz Mountains site! Buyer to verify all intended uses, sizes, permits, statues/legality of all existing structures and zoning requirements with the Santa Cruz County Planning Department.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,900 | 2,123.5 | 41% |
| Lot Size | 1,900 | 111,274 | 6% |
| Price | $4.75M | $1.42M | 91% |
| Price per sq ft | $2.5K | $655 | 94% |
| Built year | 1984 | 1979 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 203 | 3% |
Apr 14, 2026
$4,750,000
Initial Listing
Apr 30, 2010
$545,000
Public Record
Oct 28, 2004
$415,000
Public Record
May 16, 2002
$330,000
Public Record
Feb 26, 2001
$300,000
Public Record
Mar 4, 1998
$370,000
Public Record