$ 2,499,000
16460 Bonnie LN Los Gatos, CA 95032
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$ 2,499,000
Est. payment | /mo
0.46 Acres Lot
$ 2,499,000
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID ML81980086
Lot Size 0.457 Acres
Property Description
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.
Location
State CA
County Santa Clara
Area Los Gatos/Monte Sereno
Zoning R-1:20
Exterior
Fence Partial Fencing
Utilities Available Electricity - Available at Street, Gas - Available at Street, Public Utilities
Present Use Bare Land
Building
Lot Description Grade - Level, Possible Lot Split, Surveyed
Sewer Sewer - Public, Sewer Available
Water Public, Water Available at Street
Others
Tax ID 532-02-076
Horse Property Possible
Special Listing Condition Not Applicable
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Listed by Jim Foley • Pennant Properties
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Pete Ruiz
Agent | License ID: 01974535