This prestigious nearly two and one-half acre lot with an updated cottage offers one of a kind setting that is peaceful & private. Surrounded by Luxury Estates in the Montalvo neighborhood of Saratoga. There is an Updated one bedroom, one bath, approximately 780 square foot home with a private yard, a detached garage and storage space. Utilities are at street. Build your dream home of up to 6500 sq ft on site approved by City of Saratoga or scrape the existing cottage & build a new home at that site. A basement a is likely doable. Option to keep the existing cottage as a guest house, a vineyard, pool, tennis court. This home backs to open space for privacy and surrounded by luxury estates. Open space has a flat pad surrounded by foliage & majestic trees. Minutes to downtown Saratoga, Montalvo Arts Center Excellent Saratoga Schools. City of Saratoga has approved a building site to build within 30 feet of entrance. Drive to 15320-A Peach Hill mail box & park inside to the right.