70 Reservoir Road, Los Gatos, California 95030, Los Gatos, 95030 - 3 bed, 4 bath
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70 Reservoir Road
Los Gatos, California 95030
ACTIVE
CONDITION: TEAR DOWN
3Beds
4Baths
3,352Sq Ft
89,281Lot Size
Property Price
LIST PRICE$2,698,000
SUMMARY
Rare opportunity to create a private residential estate on approximately 2.05 acres in Los Gatos. Town-approved plans include the merger of three parcels into one approximately 89,281 SF parcel and a thoughtfully designed contemporary residence with attached ADU, surrounded by mature trees and set well back from Reservoir Road. The approved design features a 3,352 SF main residence, 903 SF attached ADU and 668 SF garage, for 4,255 SF of total living area. Two existing structures are located on the property and will be demolished as part of the approved project. An exceptional opportunity for an end user seeking to create a custom Los Gatos estate or a builder/developer looking for a well-advanced project with significant entitlement work already completed. Extensive architectural, civil, landscape, geotechnical, arborist and entitlement materials are available for review. Buyer to independently verify plans, approvals, square footage, schools, and development potential.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The listing describes a development opportunity where two existing structures are slated for demolition to make way for a new residence. The property is being sold for its land value and approved entitlements rather than the condition of the current unlivable structures.
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 = 89281, living area = 3352.
- Shovel-Ready Entitlements
The property comes with town-approved plans and extensive completed entitlement work, significantly reducing the time, cost, and bureaucratic risk typically associated with custom luxury builds in Los Gatos.
- Expansive Private Acreage
Spanning approximately 2.05 acres, this rare and sizable lot offers exceptional privacy and a serene natural setting with mature trees, set well back from the main road for a true estate feel.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =89281, other record lot size in square feet = 26571.
- Significant Construction Capital
The list price reflects the land and entitlements only; the buyer must be prepared for the substantial additional investment required for the demolition of existing structures and the full construction of the 4,255 SF project.
- School District Uncertainty
The property is listed within a 'Not Defined' MLS area with the high school district noted as 'Other,' necessitating thorough buyer due diligence to confirm specific school assignments which heavily influence Los Gatos property values.
About 70 Reservoir Road
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 89,281 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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 | 3.0 | 3.8 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,352 | 2,245.623 |
| Lot Size | 89,281 | 24,726.519 |
| Price | $2.70M | $2.78M |
| Price per sq ft | $805 | $1.2K |
| Built year | 2026 | 1970 |
| HOA | $0 | $194 |
| Days on market | 43 | 42 |
Pricing History
Listed for Sale
Sep 11, 2026
$2,698,000
Initial Listing