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Listed by Pratik Daftary • Compass
$ 30,000,000
Est. payment | /mo
85,378 SqFt
$ 30,000,000
Est. payment | /mo
85,378 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 85,378 sqft
Price per Sqft $351
MLS Listing ID 41118550
HOA Y/N No
Lot Size 1.960 Acres
Property Sub-Type Unimproved Land
Source BAY EAST
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. Contact for additional documentation or to discuss project assumptions.
Location
State CA
County Santa Clara
Interior
Fireplace No
Building
Lot Description None
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745