$2,499,000
Accepting Backup Offers

16460 Bonnie Lane

Los Gatos, CA 95032
0.46 acres | #ML81980086
Listing OfficePennant Properties
Browse 67 photos
Type:Purchase
Structure:Land
Zone:Residential

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.

  • Property Details
      • Middle SchoolRaymond J. Fisher
      • Date ClosedJanuary 15, 2025
      • Sewer InformationPublicSewer
      • CountySanta Clara
      • Original List Price$2,499,000
      • MLS #ML81980086
      • MLS #ML81980086
      • High SchoolLos Gatos
      • Property TypePurchase
      • Cost2499000
      • Utility SourcePublic
      • Lot DescriptionLevel
      • Acres0.457
      • School DistrictOther
      • Elementary SchoolOther
      • Property SubtypeLand

Location

Anthony ElminoufiReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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