16497 S Kennedy Road, Los Gatos, California 95032, Los Gatos, - bed, bath

home-pic
ACTIVE$2,950,000
16497 S Kennedy Road, Los Gatos, California 95032
5Beds
6Baths
4,810Sqft
111,843Lot
Year Built
2025
Close
-
List price
$2.95M
Original List price
$4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008703
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Mountain(s), Valley
ViewCity Lights,Hills,Mountain(s),Valley

About this home

Spectacular 2.58± acre building site in the prestigious South Kennedy Road neighborhood of Los Gatos. Planning approval has been received from the town of Los Gatos for a 4,810sf±, 5 bedroom, 4 full and 2 half bathroom home. This beautiful property offers open vistas of the surrounding Los Gatos mountains and stately oak trees with a clear and easily accessible building site. The location sits amongst beautiful estate quality homes with convenient access to the charming downtown, local schools, shopping, and freeways. There are two possible entry points onto the property which offers elegant access to your newly built home. City utilities are available at or very near the building site for efficient site development. Geotechnical and soils, survey, and topographical reports available. This site sits within the Los Gatos School District.

Price History

Date
Event
Price
08/12/25
Price Change
$2,950,000
05/28/25
Listing
$3,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (41 Listings)
Beds54
67%
Baths63
93%
Square foot4,8102,661
86%
Lot Size111,84310,857
98%
Price$2.95M$3.4M
33%
Price per square foot$613$1,382
2%
Built year20259765979
100%
HOA
Days on market161158
52%
Condition Rating
Excellent

This listing is for a building site with planning approval for a new home to be built in 2025. As such, the property, once constructed, will be brand new, meeting the 'Excellent' criteria for being newly built with all new components and current quality standards. There are no existing kitchens or bathrooms to evaluate, but the conceptual rendering suggests a modern, high-quality build.
Pros & Cons

Pros

Prime Location & Neighborhood: Situated in the prestigious South Kennedy Road neighborhood, surrounded by estate-quality homes, offering convenient access to charming downtown Los Gatos, local schools, shopping, and freeways.
Development-Ready with Approved Plans: Planning approval has been secured from the Town of Los Gatos for a substantial 4,810 sqft, 5-bedroom, 6-bathroom home, significantly de-risking the development process. Essential reports (geotechnical, soils, survey, topographical) are also available.
Generous Lot Size & Vistas: A spacious 2.58± acre building site offering open vistas of the surrounding Los Gatos mountains and stately oak trees, providing a beautiful and private setting.
Essential Utilities Available: City utilities are available at or very near the building site, streamlining the construction process and reducing initial infrastructure development costs.
Excellent School District: Located within the highly desirable Los Gatos School District, a significant draw for families seeking top-tier education.

Cons

Significant Additional Investment Required: This is a building site, meaning the buyer must incur substantial construction costs and manage the entire building process to realize the approved home, in addition to the purchase price of the land.
Extended Time Horizon: It will take a considerable amount of time (typically 1-2+ years) from purchase to move-in, which may not suit buyers seeking immediate occupancy or a quick turnaround.
Construction Management & Risk: Despite planning approval, the buyer will still be responsible for overseeing construction, managing contractors, and navigating potential delays or unforeseen issues inherent in building a custom home from the ground up.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State