14862 Watters Drive

Incredible development opportunity with 1.5 acres of land and beautiful city views in San Joses East Foothills! This property includes two adjoining parcels (APN 601-31-062 & 601-31-061) being sold together, offering flexibility for developers, investors, or multi-generational living. Currently, the property features two separate structures: 2-bedroom, 1-bath home and another 2-bedroom, 1-bath home. Perfect for immediate rental income, extended family living, or redevelopment. Significant groundwork has already been completed toward new construction on APN 601-31-062, saving the future owner valuable time and resources. Couple steps left to obtain final building approval. New plans are for 5 bed / 3.5 bath and total living space of 2,508 sqft. Nestled in the serene San Jose foothills, this property offers quiet hillside living with easy access to freeways, shopping, schools, and downtown San Jose. With the added benefit of two parcels, the possibilities are endless expand, rebuild, or create your dream estate. Don't miss this unique chance to own a multi-parcel property with tremendous potential and permitting progress already underway!

Days on Market

34 days

Current Status

Contingent

Sold Price

Original Price

$1,499,888

List Price

$1,499,888

On Market Date

Sep 29, 2025

Contract Date

Nov 2, 2025

Close Date

Dec 6, 2025

Property Type

Single Family Home

Area

4 - Alum Rock

Zip Code

95127

MLS ID

ML82023249

APN

601-31-062

Year Built

1946

Stories in Building

1

Possession

Unavailable

COE

Dec 6, 2025

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

2

Bath

1

Parking

1

Detached Garage, Parking Area

SQ FT

1,080

SQ FT Source

Unavailable

Lot SQ FT

67,609.0

Lot Acres

1.552089 Acres

Cooling

None

Dining Room

Dining Area

Disclosures

Natural Hazard Disclosure

Family Room

Kitchen / Family Room Combo

Foundation

Concrete Slab

Fire Place

Living Room

Heating

Central Forced Air

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.