Estimated payment $157,599/month
About This Lot
Rare Saratoga Development Opportunity – Approx. 2 Acres With Proposed 22-Home Subdivision. Exceptional development site located in one of Saratoga’s most desirable areas. This 2-acre property offers a unique opportunity to create new luxury residential community in a market with limited new-construction inventory. The seller is pursuing and planning map approvals for a proposed subdivision consisting of 22 executive-style homes suitable for $3M–$5M+ sales, with living areas ranging from 3,274 to 4,143 sq ft . The property is situated just minutes from downtown Saratoga, with convenient access to Interstate 280 and Highway 85, providing excellent connectivity throughout Silicon Valley. Nearby amenities include Saratoga’s well-known restaurants, wineries, parks, etc. The location also benefits from highly rated Saratoga schools, enhancing long-term desirability for future homeowners. Large developable parcels are extremely rare in Saratoga, making this an exceptional opportunity for developers. Sale includes the vacant land and the existing on-site property. Developers are encouraged to run feasibility, absorption, and pro forma analysis based on current Saratoga new-construction comparables.
Property Details
Property Type
- Land
Lot Details
- 1.96 Acre Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 50316047
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,149 | $5,350,000 | $5,340,000 | $10,000 |
| 2024 | $3,149 | $103,226 | $79,251 | $23,975 |
| 2023 | $2,978 | $101,203 | $77,698 | $23,505 |
| 2022 | $2,881 | $99,220 | $76,175 | $23,045 |
| 2021 | $2,786 | $97,276 | $74,682 | $22,594 |
| 2020 | $2,573 | $96,280 | $73,917 | $22,363 |
| 2019 | $2,441 | $94,393 | $72,468 | $21,925 |
| 2018 | $2,296 | $92,544 | $71,048 | $21,496 |
| 2017 | $2,213 | $90,730 | $69,655 | $21,075 |
| 2016 | $2,099 | $88,952 | $68,290 | $20,662 |
| 2015 | $2,012 | $87,617 | $67,265 | $20,352 |
| 2014 | $1,931 | $85,902 | $65,948 | $19,954 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $30,000,000 | +471.4% | -- | |
| 06/21/2024 06/21/24 | Sold | $5,250,000 | +6.1% | $7,653 / Sq Ft | View Prior Sale |
| 06/07/2024 06/07/24 | Pending | -- | -- | -- | |
| 05/21/2024 05/21/24 | For Sale | $4,950,000 | -- | $7,216 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Old Republic Title | |
| Grant Deed | -- | Old Republic Title | |
| Grant Deed | $5,250,000 | Old Republic Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $4,200,000 | New Conventional |
Source: Bay East Association of REALTORS®
MLS Number: 41118550
APN: 503-16-047
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