Retail

Upscale Custom Home Development Land

18655 Black Rd, Los Gatos, CA 95033

$15,000,000 After Repair Value -
$2,150,000 Asking Price -
$0 Cost of Repairs =
$12,850,000 Potential Profit

Property Details

Asking Price $2,150,000

After Repair Value $15,000,000

Costs of Repairs $0

Potential Profit $12,850,000

Living Area 785,387 ft2

Property Type Land

Bedrooms 0

Bathrooms 0

Half Bathrooms 0

Parking 0

Listed with Agent Yes

Property Description

Property located in a prestigious area of multi-million-dollar homes (Completed homes average $1290 - $1550 per sf). 3 separate buildable parcels totaling 17 acres, 13.75 acres - , 1.93 acres - , and 2.35 acres - . Wells in place, electricity available. Located .6 mile to Hwy 17 & one exit to downtown Los Gatos. Close to hiking, biking, and open space. Views to Silicon Valley and Lexington Reservoir. This property sits directly across the street from Black Ridge Vineyards and next to an Open Space preserve and close to Hwy 17 for commuters and downtown Los Gatos, St Josephs Hill Preserve, Lexington Reservoir County Park, Los Gatos Creek Trail, Bear Creek Redwoods Open Space Preserve, several vineyards, and much more. Sought after Los Gatos Schools. See Dropbox link for Conceptual Design, Well Reports, Soils, Geologic and Geotechnical reports. 3 lots available as bulk purchase MLS# ML - .

Repairs Needed

Raw land to build 3 estate homes valued at $5M-$6M

CONTACT LISTING OWNER

Paul Burrowes

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