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$ 2,200,000
$ 2,499,000 12.0%
Est. payment /mo
Sold on 06/11/2025
16460 Bonnie LN Los Gatos, CA 95032
0.46 Acres Lot
UPDATED:
Key Details
Sold Price $2,200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81980086
Sold Date 06/11/25
HOA Y/N No
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 699 - Not Defined
Zoning R-1:20
Interior
Fireplace No
Exterior
Fence Partial
View Y/N No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Raymond J. Fisher
High Schools Los Gatos
School District Other
Others
Tax ID 53202076
Financing Cash
Special Listing Condition Standard
Listed by Jim Foley • Pennant Properties
Bought with Denise Carr • Compass
Bought with Denise Carr • Compass
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