23889 Summit Road, Los Gatos, California 95033, Los Gatos, 95033 - 4 bed, 2 bath
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23889 Summit Road
Los Gatos, California 95033
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,500Sq Ft
101,059.203Lot Size
Property Price
LIST PRICE$1,400,000
EST. MARKET VALUE
$1,391,285
SUMMARY
This Versatile Mountain Residence represents a Strong Value Opportunity, listed at $1,400,000—positioned slightly above the $1,391,285 Fair Market Value. While the property requires modernization given its Fair Condition Rating, the 2.32-acre lot and dual-unit configuration provide significant flexibility for income generation or multigenerational living. Featuring panoramic mountain views and a prime location near Loma Prieta schools, this asset offers a unique blend of rural privacy and utility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add mountain retreat.
Estimated Market Value
$1,391,285
Based on Realkey algorithm analyzing recent comparable sales in Los Gatos.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1948, the property features kitchen and bathroom renovations that appear to be 20+ years old (early 2000s style). While functional and move-in ready, the finishes are dated, and the exterior shows signs of age consistent with a property requiring minor repairs and modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 101059, living area = 2500.
- Versatile Living Configuration
The 2,500 SF residence is uniquely configured as two 2-bedroom units with interior access, offering excellent flexibility for multigenerational living, a private guest wing, or immediate rental income potential.
- Expansive and Usable Acreage
Set on 2.32 acres, the property features a rare blend of sunny open spaces, mature citrus trees, and grapevines, providing exceptional privacy and agricultural utility in a desirable mountain setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 1315. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Recently Sold Property
The property was recently sold within the past year on 2026-06-08. The sold price is $1,281,500.00.
- Vintage Infrastructure
Originally built in 1948, the home may require significant modernization or capital improvements to update its systems and finishes to meet contemporary luxury standards.
About 23889 Summit Road
Set on 2.32 acres in the Santa Cruz Mountains, this property offers a unique blend of privacy, sunshine, and convenience just minutes from Highway 17, Downtown Los Gatos, local wineries, hiking trails, Summit Store, and highly regarded Loma Prieta schools. Mature trees, citrus trees, grapevines, garden areas, and open sunny spaces create a peaceful setting with exceptional usability and flexibility. The approximately 2,500 SF residence is currently configured as two 2-bedroom, 1-bath units with interior access between them, offering options for single-family living, multigenerational use, or income-producing ownership. Whether enjoyed as a private mountain retreat, investment property, or future estate setting, the property offers exceptional flexibility in a convenient and highly desirable location. Buyer to cooperate with 1031 exchange at no cost to Buyer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 101,059.203 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,500 | 2,311.559 |
| Lot Size | 101,059.203 | 29,516.661 |
| Price | $1.40M | $2.79M |
| Price per sq ft | $560 | $1.2K |
| Built year | 1948 | 1971 |
| HOA | $0 | $217 |
| Days on market | 15 | 42 |
Pricing History
Listed for Sale
Aug 25, 2026
$1,400,000
Initial Listing
Sold
Jun 8, 2026
$1,281,500
Public Record
Sold
Sep 30, 2009
$750,000
Public Record
Sold
Aug 22, 2002
$754,000
Public Record
Sold
Jun 15, 1995
$40,000
Public Record