Acre to Asset

Land 2 Entitle

Silicon Valley land, underwritten to build and to entitle
Prepared for Ali Erfan, Renovatemax · 18 October 2026 · Tim Chong, KW Commercial

Ten active parcels across Santa Clara and San Mateo where the math works today. Each one is priced, screened, and run at your own $500 per foot all in, so the margin you see is profit on top of what you already earn as the builder. Buildable now anywhere in the two counties. Entitle plays held to Saratoga.

10
Active opportunities
$15.7M
Combined modeled margin
80%
Best return on cost
6
Pencil at asking
Ranked opportunities
Build and resell, buildable now
Anywhere in Santa Clara or San Mateo. Ranked by risk-adjusted margin. One luxury home, built at $500 per foot, sold at the city new build rate.
70 Reservoir Road1
Approved
70 Reservoir Road
Los Gatos · R120 · 2.05 ac · 37 DOM
The approval is done. You buy a town-approved Los Gatos estate project, build it at your number, and sell it. The slow, uncertain part is already behind you.
$1.62M25% return on cost
Est. resale
$8.00M
Open CMA →
16099 Greenwood Road2
Build ready
16099 Greenwood Road
Monte Sereno · R44 · 0.58 ac · 23 DOM
A brand new Monte Sereno lot inside the Saratoga school district. No split to fight for. Build one home and sell into one of the most trusted addresses on this list.
$1.46M27% return on cost
Est. resale
$6.79M
Open CMA →
14171 Chester Avenue3
Saratoga
14171 Chester Avenue
Saratoga · R140 · 0.39 ac · 74 DOM
A build lot inside Saratoga proper at a price that still leaves margin. One home, clean, in the city your buyers ask for by name.
$1.17M22% return on cost
Est. resale
$6.42M
Open CMA →
0 Dori Lane4
Top margin
0 Dori Lane
Los Altos Hills · R1 · 1.22 ac · 60 DOM
The biggest dollar margin on the board if the pad is flat. A Los Altos Hills estate that pencils to a double digit million resale. Confirm the slope and this is the one.
Flag: Confirm slope
$3.30M45% return on cost
Est. resale
$10.66M
Open CMA →
56 Jackson5
Best return
56 Jackson
Los Gatos · R120 · 0.38 ac · 69 DOM
The smallest check and the best return, if it checks out. Los Gatos dirt priced like a starter lot, which means you find out fast why it is cheap, then you move.
Flag: Verify why cheap
$2.25M80% return on cost
Est. resale
$5.07M
Open CMA →
17135 Summit Way6
Fresh
17135 Summit Way
Los Gatos · R120 · 0.63 ac · 6 DOM
Fresh Los Gatos valley floor near Vasona. Thin at the ask, so this is a price negotiation, not a bidding war.
$972K16% return on cost
Est. resale
$6.94M
Open CMA →
0 Kathy Lane Avenue7
Priced tight
0 Kathy Lane Avenue
Los Altos · R1 · 0.51 ac · 18 DOM
A flat South Los Altos flag lot. The dirt is priced close to the finished home, so the deal is made or lost at the offer.
Flag: Thin at ask
$599K8% return on cost
Est. resale
$8.09M
Open CMA →
26699 Altamont Road8
Watch
26699 Altamont Road
Los Altos Hills · RA · 0.50 ac · 23 DOM
A rare flat lot in Los Altos Hills, priced for the person who wants to live there, not build it. At this number it does not pencil for a builder. Revisit on a price drop.
Flag: Negative at ask
-$440K-5% return on cost
Est. resale
$7.99M
Open CMA →
Entitle and resell, Saratoga only
Subdivide and sell finished lots. Lot yield is the swing variable, confirm with the city.
70 Reservoir Road
Listing photo, MLS ML82061025 via MLSListings.

70 Reservoir Road

Los Gatos · R120 · 2.05 acres · 37 days · MLS ML82061025
Modeled margin $1.62M · 25% return on cost · Build and resell, one luxury home
The value

The approval is done. You buy a town-approved Los Gatos estate project, build it at your number, and sell it. The slow, uncertain part is already behind you.

The underwrite, at asking
Land, list price$2.70M
Home modeled, Los Gatos luxury6,000 SF
Resale, Los Gatos new build at $1,334/SF$8.00M
Build cost, $500 per SF all-in-$3.00M
Selling and closing, 5%-$400K
Carry and contingency, 5%-$285K
Profit on top of builder margin$1.62M
LandBuildCostsMargin
Read and next diligence

Town-approved residential estate steps from downtown Los Gatos. Entitlement risk is retired, which is why this is the first one to move on. Confirm what the approval covers and the finished building pad.

MLS ML82061025
16099 Greenwood Road
Listing photo, MLS ML82062720 via MLSListings.
Build ready← Back to list

16099 Greenwood Road

Monte Sereno · R44 · 0.58 acres · 23 days · MLS ML82062720
Modeled margin $1.46M · 27% return on cost · Build and resell, one luxury home
The value

A brand new Monte Sereno lot inside the Saratoga school district. No split to fight for. Build one home and sell into one of the most trusted addresses on this list.

The underwrite, at asking
Land, list price$2.50M
Home modeled, Monte Sereno luxury4,500 SF
Resale, Monte Sereno new build at $1,508/SF$6.79M
Build cost, $500 per SF all-in-$2.25M
Selling and closing, 5%-$339K
Carry and contingency, 5%-$237K
Profit on top of builder margin$1.46M
LandBuildCostsMargin
Read and next diligence

Newly formed parcel, so the subdivision work is already done. Monte Sereno estates and Saratoga schools carry the resale. Clean single-home build.

MLS ML82062720
14171 Chester Avenue
Listing photo, MLS ML82052836 via MLSListings.

14171 Chester Avenue

Saratoga · R140 · 0.39 acres · 74 days · MLS ML82052836
Modeled margin $1.17M · 22% return on cost · Build and resell, one luxury home
The value

A build lot inside Saratoga proper at a price that still leaves margin. One home, clean, in the city your buyers ask for by name.

The underwrite, at asking
Land, list price$2.80M
Home modeled, Saratoga luxury3,800 SF
Resale, Saratoga new build at $1,690/SF$6.42M
Build cost, $500 per SF all-in-$1.90M
Selling and closing, 5%-$321K
Carry and contingency, 5%-$235K
Profit on top of builder margin$1.17M
LandBuildCostsMargin
Read and next diligence

Likely an existing legal lot of record under R140, so one home, no split. Saratoga address does the heavy lifting on resale.

MLS ML82052836
0 Dori Lane
Listing photo, MLS ML82058161 via MLSListings.

0 Dori Lane

Los Altos Hills · R1 · 1.22 acres · 60 days · MLS ML82058161
Modeled margin $3.30M · 45% return on cost · Build and resell, one luxury home
The value

The biggest dollar margin on the board if the pad is flat. A Los Altos Hills estate that pencils to a double digit million resale. Confirm the slope and this is the one.

The underwrite, at asking
Land, list price$3.50M
Home modeled, Los Altos Hills luxury6,000 SF
Resale, Los Altos Hills new build at $1,776/SF$10.66M
Build cost, $500 per SF all-in-$3.00M
Selling and closing, 5%-$533K
Carry and contingency, 5%-$325K
Profit on top of builder margin$3.30M
LandBuildCostsMargin
Read and next diligence

Modeled on a 6,000 SF estate at the LAH new build rate. The entire thesis rests on a flat, usable pad, so a topo confirm comes before any offer.

Flag: Confirm slope. Confirm before any offer.
MLS ML82058161
56 Jackson
Listing photo, MLS ML82057162 via MLSListings.
Best return← Back to list

56 Jackson

Los Gatos · R120 · 0.38 acres · 69 days · MLS ML82057162
Modeled margin $2.25M · 80% return on cost · Build and resell, one luxury home
The value

The smallest check and the best return, if it checks out. Los Gatos dirt priced like a starter lot, which means you find out fast why it is cheap, then you move.

The underwrite, at asking
Land, list price$540K
Home modeled, Los Gatos luxury3,800 SF
Resale, Los Gatos new build at $1,334/SF$5.07M
Build cost, $500 per SF all-in-$1.90M
Selling and closing, 5%-$253K
Carry and contingency, 5%-$122K
Profit on top of builder margin$2.25M
LandBuildCostsMargin
Read and next diligence

Return on cost leads the board, but the land is priced well under Los Gatos norm at 69 days. Verify access and the buildable area before you believe the number.

Flag: Verify why cheap. Confirm before any offer.
MLS ML82057162
17135 Summit Way
Listing photo, MLS ML82064368 via MLSListings.

17135 Summit Way

Los Gatos · R120 · 0.63 acres · 6 days · MLS ML82064368
Modeled margin $972K · 16% return on cost · Build and resell, one luxury home
The value

Fresh Los Gatos valley floor near Vasona. Thin at the ask, so this is a price negotiation, not a bidding war.

The underwrite, at asking
Land, list price$2.75M
Home modeled, Los Gatos luxury5,200 SF
Resale, Los Gatos new build at $1,334/SF$6.94M
Build cost, $500 per SF all-in-$2.60M
Selling and closing, 5%-$347K
Carry and contingency, 5%-$268K
Profit on top of builder margin$972K
LandBuildCostsMargin
Read and next diligence

New to market at 6 days. Margin is slim at list and improves with a cut. Clean single-home build.

MLS ML82064368
0 Kathy Lane Avenue
Listing photo, MLS ML82063175 via MLSListings.
Priced tight← Back to list

0 Kathy Lane Avenue

Los Altos · R1 · 0.51 acres · 18 days · MLS ML82063175
Modeled margin $599K · 8% return on cost · Build and resell, one luxury home
The value

A flat South Los Altos flag lot. The dirt is priced close to the finished home, so the deal is made or lost at the offer.

The underwrite, at asking
Land, list price$4.50M
Home modeled, Los Altos luxury4,500 SF
Resale, Los Altos new build at $1,798/SF$8.09M
Build cost, $500 per SF all-in-$2.25M
Selling and closing, 5%-$405K
Carry and contingency, 5%-$338K
Profit on top of builder margin$599K
LandBuildCostsMargin
Read and next diligence

Flat and private, but the seller already priced in most of the finished value. Works only with a meaningful discount.

Flag: Thin at ask. Confirm before any offer.
MLS ML82063175
26699 Altamont Road
Listing photo, MLS ML82062669 via MLSListings.

26699 Altamont Road

Los Altos Hills · RA · 0.50 acres · 23 days · MLS ML82062669
Modeled margin -$440K · -5% return on cost · Build and resell, one luxury home
The value

A rare flat lot in Los Altos Hills, priced for the person who wants to live there, not build it. At this number it does not pencil for a builder. Revisit on a price drop.

The underwrite, at asking
Land, list price$5.40M
Home modeled, Los Altos Hills luxury4,500 SF
Resale, Los Altos Hills new build at $1,776/SF$7.99M
Build cost, $500 per SF all-in-$2.25M
Selling and closing, 5%-$400K
Carry and contingency, 5%-$382K
Profit on top of builder margin-$440K
LandBuildCostsMargin
Read and next diligence

Flat with views, but priced for an end user. Negative at asking. Keep it on the watch list for a reduction.

Flag: Negative at ask. Confirm before any offer.
MLS ML82062669
19125 Cox Avenue
Listing photo, MLS ML82064480 via MLSListings.

19125 Cox Avenue

Saratoga · R1-10,000 · 2.68 acres · MLS ML82064480
Rough margin $3.15M · 29% return on cost · Saratoga subdivision
The value

Your Prides Crossing play. Entitle the 2.68 acres into finished Saratoga lots and the uplift is the whole business. The only open question is how many lots the city gives you.

The underwrite, at asking
Land, list price$7.85M
Finished lots, estimated yield~5 lots
Value per finished Saratoga lot$2.80M
Gross lot value$14.00M
Entitlement and offsite cost-$3.00M
Land cost-$7.85M
Rough margin on lot resale$3.15M
LandCostsMargin
Read and next diligence

R1-10,000 raw math suggests several lots, but Saratoga net yield runs well below that. The margin moves entirely on the approved lot count, so the city meeting comes first.

MLS ML82064480
000 Saratoga Heights Drive
Listing photo, MLS ML82018149 via MLSListings.

000 Saratoga Heights Drive

Saratoga · R1 · 1.37 acres · 430 days · MLS ML82018149
Rough margin $1.21M · 29% return on cost · Saratoga subdivision
The value

A foothill parcel that splits into two. Confirm the slope, then two Saratoga lots out of one is a clean entitle.

The underwrite, at asking
Land, list price$2.99M
Finished lots, estimated yield~2 lots
Value per finished Saratoga lot$2.70M
Gross lot value$5.40M
Entitlement and offsite cost-$1.20M
Land cost-$2.99M
Rough margin on lot resale$1.21M
LandCostsMargin
Read and next diligence

Foothill R1 at the base of Mountain Winery. A two-lot split pencils, but slope drives feasibility and cost.

MLS ML82018149