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$30,000,000
Est. payment /mo
1.96 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41118550
HOA Y/N No
Lot Size 1.960 Acres
Property Description
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.
Location
State CA
County Santa Clara
Zoning R140
Interior
Fireplace No
Others
Tax ID 50316047
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Listed by Pratik Daftary Compass
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