$2,200,000
SOLD JUN 11, 2025
0.46 Acre
$4,814,004 Price per Acre
19,907 Sq Ft Lot

Recently Sold

12% Below List Price

27 Days on Market

Highlights

  • Partially Fenced Property
  • Blossom Hill Elementary School Rated A
  • Level Lot

About This Lot

As of June 2025

Pennant Properties along with Design by Mish are pleased to present this one-of-a-kind dream custom home opportunity on cherished Bonnie Lane in Los Gatos, CA. 16460 Bonnie Lane is nearly one acre of almost flat buildable land situated in a highly desirable location in Los Gatos. The opportunity is to purchase one of two parcels for a beautiful custom home development, or to buy the entire acre to create your dream estate or family compound. California State Senate Bill 9 (SB9) has created the opportunity for this property to be split into two separate parcels. Pennant Properties and Design by Mish have moved the property through the jurisdictional process to avail a buyer of the opportunity to quickly complete an SB9 development under either the Urban Lot Split option or the Two-Unit Housing Development option, or both. A building permit can be secured ministerially in just a few months, not years so the project can be under construction much quicker. The options provide for opportunities to build multiple dwellings across both lots, or on an individual lot or the full lot, to bypass the discretionary planning process and attain a building permit ministerially. Further details can be provided on this incredible time-saving entitlement. Website is property address in typ format.

Last Agent to Sell the Property

Jim Foley

Pennant Properties License #01841825 Listed on: 09/11/2024

Last Buyer's Agent

Denise Carr

Compass License #01329583

Compass

Property Details

Property Type

  • Land

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Additional Features

  • Electricity Available at Street
  • Horses Potentially Allowed on Property
  • Gas Available at Street

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: R-1:20
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Bare Land
  • Development Status: Lot Split Possible
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Horse Property: Possible
  • Fencing: Partial Fencing

Utilities

  • Sewer/Septic System: Sewer - Public, Sewer Available

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Blossom Hill Elementary
  • Middle School: Raymond J. Fisher Middle
  • High School: Los Gatos High
  • High School: 262
  • Elementary School: 139
  • Middle School: 141

Lot Info

  • Lot Description: Grade - Level, Possible Lot Split, Surveyed
  • Lot Acres: 0.4570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 19905.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 19905.00
  • Parcel Access: Unimproved

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street, Public Utilities

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 Sold $2,200,000 -12.0% --
10/09/2024 10/09/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $2,499,000 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81980086

MLSListings