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23435 Summit Road, Los Gatos, California 95033, Los Gatos, 95033 - 5 bed, 4 bath

23435 Summit Road, Los Gatos, California 95033 home-pic-0
ACTIVE$2,769,000
23435 Summit Road, Los Gatos, California 95033
5Beds
4Baths
4,262Sqft
107,157Lot

Price Vs. Estimate

The estimated value ($2,707,816.875) is $61,183.125 (2%) lower than the list price ($2,769,000). This property may be overpriced.

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 = 107157, living area = 4262.
Top Cons:
Price Reduction History: Multiple price reductions from the original listing price may indicate initial overpricing or market resistance, potentially affecting buyer perception and negotiation leverage.

Compared to the nearby listings

Price:$2.77M vs avg $1.25M (+$1,524,000)95%
Size:4,262 sqft vs avg 2,061 sqft98%
Price/sqft:$650 vs avg $66048%

More Insights

Built in 1999 (26 years old).
Condition: Despite being built in 1999, this property has clearly undergone extensive and high-quality modern renovations, particularly in the key areas of the kitchen and primary bathroom. The kitchen boasts high-end JennAir appliances, granite counters, and a unique induction fondue cooktop, all appearing in excellent condition. The primary bathroom is described as 'modern spa-like' with radiant floors, floating vanities, and a steam shower, indicating very recent and luxurious updates. Furthermore, the home features smart amenities like triple-zone NEST climate control, Sonos speakers, owned solar, and tankless/solar water heaters, all pointing to a property that has been brought up to current quality standards with no deferred maintenance and minimal physical depreciation, aligning with the 'excellent' criteria for extensively renovated properties.
Year Built
1999
Close
-
List price
$2.77M
Original List price
$2.98M
Price/Sqft
$650
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015755
Home ConditionExcellent
Features
Good View: Neighborhood, Trees/Woods
Deck
Spa
Patio
ViewNeighborhood, Trees/Woods

About this home

Nestled on a 2.46-acre lot, this architecturally stunning retreat blends country charm with modern luxury, just minutes from Downtown Los Gatos. Enter through striking double doors into a travertine-tiled foyer, leading to a family room with vaulted wood-inlay ceilings, hardwood floors, and expansive forest views. The high-end epicurean kitchen showcases JennAir appliances, maple cabinetry, granite counters, and a breakfast bar including a prep sink and an induction fondue cooktop. The home features 4 bedrooms, a dedicated den, and a versatile loft (5th bedroom/craft room). The primary suite offers vaulted ceilings, a gas fireplace, dual walk-in closets, private deck, and a modern spa-like bathroom with radiant floors, floating vanities, and a steam shower. Smart amenities include triple-zone NEST climate control, Sonos-controlled speakers, owned solar, a tankless & a solar water heater, and a private well. Enjoy a finished 3-car garage and a climate-controlled gym. Multiple decks invite relaxation, while a gazebo-covered hot tub sits beside a cascading waterfall and serene lily-pad pond. A pellet stove-warmed barn/workshop welcomes year-round projects. Served by top schools, including Los Gatos High, this retreat offers nature, technology, and craftsmanship in perfect harmony.

Condition Rating
Excellent
Despite being built in 1999, this property has clearly undergone extensive and high-quality modern renovations, particularly in the key areas of the kitchen and primary bathroom. The kitchen boasts high-end JennAir appliances, granite counters, and a unique induction fondue cooktop, all appearing in excellent condition. The primary bathroom is described as 'modern spa-like' with radiant floors, floating vanities, and a steam shower, indicating very recent and luxurious updates. Furthermore, the home features smart amenities like triple-zone NEST climate control, Sonos speakers, owned solar, and tankless/solar water heaters, all pointing to a property that has been brought up to current quality standards with no deferred maintenance and minimal physical depreciation, aligning with the 'excellent' criteria for extensively renovated properties.
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 = 107157, living area = 4262.
Luxury & Smart Home Features: The property boasts comprehensive smart home integration (triple-zone NEST, Sonos), energy efficiency (owned solar, tankless & solar water heater, private well), and premium amenities like a climate-controlled gym.
Gourmet Kitchen: A high-end epicurean kitchen is equipped with JennAir appliances, maple cabinetry, granite counters, a prep sink, and a unique induction fondue cooktop, appealing to culinary enthusiasts.
Expansive Outdoor Living & Privacy: Situated on a generous 2.46-acre lot, the property offers exceptional outdoor enjoyment and privacy with multiple decks, a gazebo-covered hot tub, cascading waterfall, lily-pad pond, and a functional barn/workshop.
Sophisticated Design & Finishes: Architecturally stunning, the home features vaulted wood-inlay ceilings, a travertine foyer, hardwood floors, and a luxurious primary suite with radiant floors and a steam shower.
Desirable Location & Schools: The property offers proximity to Downtown Los Gatos and is served by top-rated schools, including Los Gatos High, enhancing its long-term value and appeal.

Cons

Price Reduction History: Multiple price reductions from the original listing price may indicate initial overpricing or market resistance, potentially affecting buyer perception and negotiation leverage.
Remote Location & Accessibility: While offering privacy, its location on Summit Road could imply longer commute times to certain urban amenities and potential challenges with access during severe weather or emergencies.
High Maintenance Demands: The extensive 2.46-acre lot, elaborate outdoor features (waterfall, pond, hot tub, multiple decks), and additional structures (barn/workshop) suggest considerable ongoing maintenance time and expense.

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