Located in one of the most prominent neighborhoods in Saratoga. This prestigious nearly two and one-half acre lot with an updated cottage offers one of a kind setting that is peaceful and 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. Build your dream home of upto 6500 square feet on the site approved by City of Saratoga or scrape the existing cottage and build a new home at that site. A basement associated with a new home is likely doable. Option to keep the existing cottage as a guest house, add a vineyard, swimming pool, tennis court. Utilities are at street. This home backs to open space for privacy and surrounded by luxury estates. The open space has a flat pad surrounded by foliage and majestic trees. Minutes to downtown Saratoga and nearby Montalvo Arts Center and Excellent Saratoga Schools.