
Los Gatos, California 95033
This mountain retreat represents a High-Potential Investment Opportunity, listed at a List Price of $998,000—positioned well below the $998,000 Fair Market Value. While the property is currently priced at market, its 2.7-acre lot and high-production private water well provide significant long-term value. With a Condition Rating of 4, the home offers a functional base for cosmetic updates to modernize the interior. Featuring mountain views, a private deck, and extensive parking, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable homestead.
Property is moderate renovation needed.
Built in 1977, this mountain cottage is well-maintained and functional but remains largely dated with its original-style wood paneling and older kitchen cabinetry. While it features some newer additions like a mini-split AC unit and a pellet stove, the overall aesthetic and age (>20 years without a full modern renovation) suggest it needs cosmetic updates to reach current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 118918, living area = 1440.
The property sits on a massive 2.7-acre lot featuring rare flat usable space, providing exceptional privacy and versatility for gardening, homesteading, or outdoor recreation.
Equipped with a high-production private water well and multiple outbuildings, the estate offers excellent self-sufficiency and ample storage for hobbies and equipment.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =118918, other record lot size in square feet = 117612.
With only two bedrooms and a single bathroom, the home's configuration may limit its appeal to larger families or buyers seeking more modern residential convenience.
The property has been on the market for over 130 days with multiple price reductions, which may lead to buyer concerns regarding its initial valuation and market positioning.
Is a mountain escape calling you? This cottage hideaway is a must see and full of potential! No valley noise, down a beautiful forest road, and just minutes from delicious food from Summit Grocery, Friday Farmer's Market, and Taylor Farm Stand! Flat usable space, privacy, sun and shade, outdoor enjoyment patios and an easy maintenance yard. Unwind surrounded by nature and inside the home cozy up to the warm, soft glow of the pellet stove. 2 upstairs bedrooms feature views into the treetops like you're in a treehouse. Ground floor has the full bath with great natural light, and a living room with sliding glass doors opening onto the back balcony. Breakfast bar opens to a brick laid patio and backyard. Light, bright kitchen perfect to grow herbs, and you can prep meals on a gas stove. Low-maintenance fake grass, high-production private water well great for the gardener and homesteading. Store all your holiday decor, crafts you swear you'll use one day, sports collectibles and more in the outbuilding, or the shed. Addt'l 3rd garden shed. So much parking! Covered for large vehicle or 2, plus parking for 4+ cars, plus RV. Close by are dog-friendly award winning wineries, or cruise the redwoods along historic Soquel San Jose Rd. to Santa Cruz to the beach!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.8 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,440 | 2,245.623 |
| Lot Size | 118,918 | 24,726.519 |
| Price | $998.0K | $2.78M |
| Price per sq ft | $693 | $1.2K |
| Built year | 1977 | 1970 |
| HOA | $0 | $194 |
| Days on market | 151 | 42 |
Aug 14, 2026
$998,000
$1,099,000
-9% Price Drop
Initial Listing
Jun 19, 2026
$1,099,000
$1,199,000
-8% Price Drop
Initial Listing
May 26, 2026
$1,199,000
Initial Listing
May 25, 2010
$475,000
Public Record
May 6, 2005
$668,000
Public Record
Apr 8, 1998
$374,000
Public Record