May 3, 2013

For your weekend: Happy Ending in Los Gatos

It’s Friday! That means here comes your weekend, so we’d like to present a great location for a Silicon Valley stay-cation!  Thanks very much to Burbed reader Swan for sending this one in before the A to Z challenge (THANK GAWD THAT’S OVER IT WAS HARSHING OUR CRAPBOXEN). Fortunately the property is still very much on the market.

130502-wagner-redfin18157 WAGNER Rd
Los Gatos, CA 95032
$7,499,000

5 Beds
8 Baths
8,517 Sq. Ft.
$880 / Sq. Ft.
Built: 1999
Lot Size: 25 Acres
On Redfin: 45 days
Property Type: Detached Single Family
Stories: Tri-Level
Community: Los Gatos/Monte Sereno
MLS#: 81308591
Style: Traditional
View: Mountains, Canyon, Valley, City Lights
County: Santa Clara

Spectacular transformation! Vastly improved property from two years ago. Complete remodel of existing home with added sq footage, brand new 3100sf toy barn/garage, new 800sf pool house cabana w 500+sf covered patio, over an acre of new cabernet vines, bocce ball court, lacrosse field/sport court, wine cellar, 3car garage, workout facility, 600sf storage rm, outdoor entertaining paradise w pool!!!!

130502-wagner-garage130502-wagner-drumkit

Let’s check in with Swan on this swank setting:

130502-wagner-storageI have many properties I’ve been planning to send you, but I came across the following this morning and it rose to the top of the list:

At first, I thought I’d submit this home because of the realtard’s line, "Vastly improved property from two years ago." What is that realtor speak for?  Then, in looking at the pictures, I realized I’d seen this somewhere before!  

130502-wagner-burbed-121230Yes, a finished home is a vast improvement!  Landscaping helps too!  From the pictures, it seems someone has been living there. The listing history goes on… Be sure to check out photo number 24 of the storage room.  An 8500 square foot home and you need 600 square feet of storage?  The current occupants have sure put the storage room to good use!

Have at it…

Yes, this place looks familiar, doesn’t it?  Or maybe not, since they finished painting and put all those ladders in the 600 square foot storage room.  It sold in May, 2011, for $5.75 million, and these listing photos look a little different than what we covered here.

130502-wagner-kitchen-before

Although we miss the ladders.  Made the place look like part of an Edgar Martins exhibition.

Also, we found the before before pictures.  Don’t miss them (kitchen pictured at left).  They might have asked for $3.95M that round, but they got $1.8.  You really have to check out the property history, because before that it was foreclosed on, maybe even twice in two weeks, and before that it was listed for $7.8M.  Good luck figuring out if it sold for $5.6M, or $7M or both or neither!  This house and its grounds have been nothing but a big and very expensive game of Hot Potato going back all the way to 2000!

So, Burbed readers, why is this amazing estate still on the market after an eternity of 45 days? Do you think the flippers are waiting to collect even more overbids?  Now that would be an even happier ending.

Comments (2) -- Posted by: madhaus @ 5:09 am

2 Responses to “For your weekend: Happy Ending in Los Gatos”

  1. gallileo Says:

    That listing history makes my head spin.

    No way this place gets 15.5 times “not a lot of money”.

  2. waiting_for_the_fall Says:

    Maybe it’s haunted.


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