RARE MONTE SERENO REMODEL OPPORTUNITY! Lovingly cared for by the original builder/owner and never before on the market, this custom 1967 residence sits on a 11,270 SF lot w/breathtaking tree-studded hill views, 2 blocks to downtown Los Gatos. Offering 2,608 SF of primary living space PLUS a versatile 884 SF semi-below-grade bonus room w/natural light windows-ideal for guest quarters, home office, gym, wine cellar, or media room. The upper level features 3 bdrms, 2 baths, living room, & a spacious kitchen w/ eating area & pantry opening to a panoramic view deck perfect for alfresco dining & entertaining. The lower level offers multi-generational flexibility-a family room w/slider to rear patio, classic brick fireplace, kitchenette, full bath, utility room, direct 2-car garage access, & the expansive bonus room. Set back off a private shared driveway, the sun-drenched grounds boast mature fruit & avocado trees, storage sheds, & exceptional space for an ADU or custom pool. Structurally solid per inspections, its ready for your ultimate architectural vision. Enjoy prestigious top-rated schools, effortless Silicon Valley commutes, & close proximity to fine dining, luxury boutiques, & vibrant farmers' markets in iconic downtown Los Gatos. Bring your contractor & capture this rare gem!