Absolutely breathtaking PANORAMIC VIEWS LESS THAN 1/2 MILE from downtown Los Gatos shops & restaurants with award winning Los Gatos schools! Rarity of this combination cannot be overstated. Restore/expand existing 2,700SF home for a HUGE profit OR build a TRULY MAGNIFICENT ESTATE on effectively 3.45 acres with incredible privacy and serenity drenched in full sunshine all day long! Large flat build site on top and 2 other sites below (guest house, tennis court, and/or...?). Value is in the land. Priced FAR BELOW recent land appraisal. Included: contoured site map, soils report, utility study, more. Exclusive use easement to be recorded with sale makes lot effectively 3.45 acres (legal lot size 4.32 acres). Common item maintenance documents may be recorded (actual fees TBD) prior to COE. Listing agent has financial interest in property. NOTE: Adjacent effective 1.5 acre lot is also available with plans for a STUNNING contemporary 5/4.5 in 4,500SF: Lots and Land MLS listing #ML81581835.