170 Twin Oaks Drive, Los Gatos, California 95032, Los Gatos, - bed, bath
ACTIVE UNDER CONTRACT$16,000,000
170 Twin Oaks Drive, Los Gatos, California 95032
6Beds
5Baths
4,600Sqft
794,970Lot
Year Built
1973
Close
-
List price
$16M
Original List price
$18.5M
Price/Sqft
-
HOA
-
Days on market
1061 Days
Sold On
2026-06-30
MLS number
ML81937235
Home ConditionTear down
Features
Excellent View:
Pool
Patio
View-
About this home
EXCELLENT OPPORTUNITY! PRIME LOCATION! VALUE IS IN THE LAND Perfect Estate property or Subdivision. One of the last large and close-in properties in Los Gatos. Located in the prestigious neighborhood of Surrey Farms, this was the original developer's home and land. The property offers sweeping valley and mountain views with gently rolling hills studded with majestic oak trees but still offers an abundance of level acreage. This special property offers an endless array of possibilities... Grand Estate, Development Opportunity, Vineyard, Equestrian...
Price History
Date
Event
Price
08/26/25
Price Change
$16,000,000
08/04/23
Listing
$18,500,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (50 Listings) | |
|---|---|---|---|
| Beds | 6 | 4 | 94% |
| Baths | 5 | 3 | 84% |
| Square foot | 4,600 | 2,272 | 92% |
| Lot Size | 794,970 | 8,683 | 98% |
| Price | $16M | $3.13M | 98% |
| Price per square foot | $3,478 | $1,380 | 98% |
| Built year | 1973 | 1970 | 53% |
| HOA | |||
| Days on market | 824 | 167 | 98% |
Condition Rating
Tear down
The property was built in 1973, making it over 50 years old. The listing description explicitly states 'VALUE IS IN THE LAND' and focuses entirely on the development potential of the large lot, with no mention of the existing 4600 sqft home's condition or features. Crucially, there are no interior images provided, especially of the kitchen or bathrooms, which strongly suggests the existing structure is not a selling point and is likely in a condition that warrants demolition for redevelopment, aligning with the 'tear-down' criteria where value is solely based on the land.
Pros & Cons
Pros
Exceptional Land Value & Development Potential: The property offers an expansive 18.25-acre lot (794,970 sqft) in a prime location, with the listing explicitly stating 'VALUE IS IN THE LAND,' indicating significant potential for a grand estate, subdivision, vineyard, or equestrian facilities.
Prime Los Gatos Location: Situated in the highly desirable and prestigious Surrey Farms neighborhood, this is noted as one of the last large, close-in properties in Los Gatos, offering exclusivity and convenience.
Panoramic Views & Natural Landscape: Features sweeping valley and mountain views, complemented by gently rolling hills and majestic oak trees, providing a serene and aesthetically appealing environment.
Versatile & Usable Acreage: The property boasts an abundance of level acreage, enhancing its suitability and flexibility for various high-value development projects or extensive estate amenities.
Substantial Existing Residence: Includes a large 4600 sqft residence with 6 bedrooms and 5 bathrooms, offering a significant footprint that could serve as a base for renovation or a temporary dwelling during new construction.
Cons
Prolonged Market Exposure & Price Adjustment: The property has been on the market for 1061 days and has undergone a significant price reduction from $18.5M to $16M, suggesting challenges in attracting a buyer at its initial valuation.
Dated Existing Structure: Built in 1973, the current 4600 sqft residence is likely dated, and the emphasis on 'VALUE IS IN THE LAND' implies the existing home may require substantial renovation or be considered a tear-down for optimal use of the land.
High Barrier to Entry: The $16 million list price, even after reduction, targets a very niche buyer pool, which contributes to the extended days on market and limits the number of potential purchasers.