An exceptional multifamily estate property, hard to find at this level of luxury, is on the market but probably not for long. Rarely do you see an opportunity to own an amazing 6-acre parcel of land with a custom-built main home and room to build a guesthouse. But wait. There’s more. An adjacent 4-acre level parcel of land is also available for sale. Build another home, or bring the horses home to graze and add a nearby barn, corral and arena or cross off an item on your bucket list and grow wine grapes.
The property is nestled along picturesque landscape and the wine trail in Gilroy in an exclusive gated neighborhood comprised of five homes. At 4315 Redwood Retreat Road, Uvas Creek runs through the properties which are tucked in a pocket of serenity yet only about a seven-minute drive to Highway 101.
Imagine gathering multiple generations of family in a single location where reminiscences of the past can thrive and mingle with the present memories in the making. A family bond can be nurtured and grow strong like the surrounding oaks.
The main home features more than 6,200 square feet of living space with five bedrooms, four full bathrooms and two powder rooms.
Masterfully crafted and designed, the home features hardwood floors, coffered ceilings, crown moldings, walls of dual-pane windows, and grand rooms. Views of the surrounding park-like property are framed in every oversize window. A vineyard, golden oak trees, rolling hillsides, and sprawling lawns and gardens surround the home.
Play, entertain and retreat to the backyard amenities that include a gorgeous pool, spa, full tennis court and sports court. There is also an attached four-car garage and a second garage that has 3,000 square feet of space.
A custom front door opens to the foyer featuring marble floors. Columns define the formal living room with fireplace. French doors open and extend the space out onto the rear patio and gardens. The formal dining room also has front-facing views.
A luxurious master bedroom suite of rooms has two retreats and a spa-inspired bathroom.
There is also more than 450 square feet of finished basement space. The home has solar power and its own private well.
The adjacent level lot, at 4 acres, is ready to be developed into an equally luxurious and grand home.
This is the place to come if you’re thinking about leaving the bustling urban pace. Relocate to your private retreat and bring the extended family.
South Santa Clara County and the charming cities of Gilroy, Morgan Hill, and San Martin are offering homebuyers so much more for their real estate dollar these days. While prices for condominiums, townhomes and single-family homes in downtown San Jose and the surrounding cities of Cupertino and Sunnyvale, for example, keep ratcheting up and buyers are offering tens of thousands over the asking price, these South Valley cities offer more square footage, more land, and the unparalleled beauty of wide open spaces dotted with verdant vineyards, grazing horses, meandering rivers and views of the Santa Cruz mountains and ridgelines. The small-town feel of these communities with fruit stands and local businesses thrives with plenty of shopping options still conveniently close by.
Maybe this is the opportune time to take advantage of the Transfer Tax Base to get a little or a lot more for your money. Consider moving away from the South Bay communities where the high price tags rarely get you much living space and even less outdoor areas to stretch out to entertain or play. The Transfer Tax Base, Proposition 60, passed in 1986 and opened the door for homeowners 55 years of age and older to actually transfer the base year value of their principal residence to a newly purchased residence in the same county. The new property in Santa Clara County like the South Valley communities must be equal to or less than the market value of the residence to be sold. Larger homes with bigger parcels of land are available for the same price as properties stuck in the hub of Silicon Valley.
The reappraisal and new tax base with the purchase of a new home has prevented many older homeowners from moving out of the homes where they raised their children and relocating, however, Proposition 60 alleviates the prospect of higher property taxes and offers a way to pack up your lower tax base and take it with you.
Taking advantage of the Transfer Tax Base is a one-time opportunity and the new home must be purchased within two years of the sale of the original home. For more information about the process, visit the Santa Clara County website at www.sccassessor.org or contact the Real Property Division at 408-299-5300.
Price: $2,999,999 for home; $800,000 for adjacent lotWhere: 4315 Redwood Retreat Road, GilroyListing agents: Rebecca Van Dahlen, 408-710-1872 Rebecca@vandahlens.com, Cristi Dunne 408-768-1414 email@example.com CALDRE# 01333982 and 01480225, Van Dahlen Dunn Real Estate Group Coldwell Banker
Published at Wed, 20 Jun 2018 08:00:41 +0000