70 Reservoir RD, Los Gatos, CA 95030

Property Description

Town-Approved Los Gatos Home Project Ready for the Next Stage. Rare opportunity to create a private residential estate on approximately 2.05 acres, steps from downtown Los Gatos. The $2.698M offering includes three parcels being merged into one development parcel, with Town-approved plans for a contemporary residence featuring a 3,352 SF main home, 903 SF attached ADU and 668 SF garage, for 4,255 SF of total living area. The lengthy architectural and Town development-review process is complete, allowing the buyer to move forward with the approved design rather than starting from scratch. Buyers may also pursue modifications to the approved plans, subject to Town review and approval. Surrounded by mature trees and set well back from Reservoir Road, the property offers remarkable privacy so close to downtown. Two existing structures are approved for demolition as part of the project. Exceptional opportunity to build a custom Los Gatos estate with substantial architectural and entitlement work already complete. Extensive project materials available for review. Offering price excludes demolition and construction. Buyer to verify plans, approvals, square footage, schools and development potential.