For Sale82d on market
18060 Monterey Rd
Morgan Hill, CA, 95037 • 95037 • Santa Clara County
$3,250,000
0.88 acLot
Property DNA
Residence
Residence
Market activity
Demand and pricing signals for this listing
97 views
People checking out this listing
82 days on market
Established listing
About this home
Lot
The proposed development offers two compelling housing options designed for modern living and strong community value. Option 1 features 23 three-story townhomes with spacious layouts, enhanced privacy, and a cohesive neighborhood feel, incorporating private yards and rooftop terraces for elevated outdoor living. The site plan maximizes efficiency by utilizing an existing southern roadway and includes three vehicular access points for improved circulation while meeting all setback and open-space requirements. Option 2 presents a mixed-use condo concept under a form-based zoning approach, with four stories of residential units above ground-floor parking and commercial space. This design includes approximately 100 units ranging from studios to three bedrooms, averaging 850 to 900 square feet, totaling about 104,000 square feet, along with 6,000 square feet of commercial frontage. Built with a concrete podium and wood framing above, the five-story structure incorporates 140 parking stalls with hydraulic lifts and shared rooftop amenities, delivering a flexible, efficient, and vibrant residential environment.
Estimated monthly payment
Based on current rates
$20,518/month
Principal & Interest$16,185
Property Tax$3,250
Insurance$1,083
Down payment20% ($650,000)
3%50%
Est. 6.35% rate · 30yr fixed · $2,600,000 loan
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Key facts and listing details
Property
Home typeLot
Sub-typeResidential Development Land, Unimproved Land
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
FencingBack Yard
Lot0.88 Acres
Location & Tax
Neighborhood95037
ZoningA
Annual tax$1,967
Parcel72625005
Features & details
4 categories of property features
Exterior Features
Lot Features
Level
Utilities
Public Utilities
Water Public
Gas
PublicUtilities
Other Structures
Residence
Listing insights
Market data and value estimates
StatusFor Sale
Days on market82
Est. rent$4,426/mo
Tax rate1.19%
On marketJan 14, 2026
PostedJan 15, 2026
MLS updatedMar 20, 2026
Tour days6
Views97
How are the schools in Morgan Hill?
3 schools rated nearby
Location
Morgan Hill, CA, 95037
Price history
1 event
DateEventPrice$/sqftSource
Jan 15, 2026Listed For Sale$3,250,000—MLSListings Inc
Listed For Sale$3,250,000
Jan 15, 2026•MLSListings Inc
Tax history
25 years of records
YearTax paidAssessed value
Apr 7, 2025$1,967$158,119
Apr 7, 2024$1,931$155,019
Apr 7, 2023$1,907$151,980
Apr 7, 2022$1,882$149,001
Apr 7, 2021$1,835$146,080
Apr 7, 2020$1,714$144,583
Apr 7, 2019$1,714$141,749
Apr 7, 2018$1,759$138,971
Apr 7, 2017$1,759$136,247
Apr 7, 2016$1,741$133,576
Apr 7, 2015$1,608$131,570
Apr 7, 2014$1,608$128,994
Apr 7, 2013—$128,412
Apr 7, 2012—$125,895
Apr 7, 2011—$123,428
Apr 7, 2010—$122,507
Apr 7, 2009—$122,799
Apr 7, 2008—$120,392
Apr 7, 2007—$118,032
Apr 7, 2006—$115,719
Apr 7, 2005—$113,451
Apr 7, 2004—$111,228
Apr 7, 2003—$109,190
Apr 7, 2002—$107,050
Apr 7, 2001—$104,952
Nearby homes
Neighborhood details
Local context around this listing
Morgan Hill, CA • Santa Clara County
Nearby cities
CupertinoGilroyLivermoreMilpitasMorgan HillMountain ViewPalo AltoSan Jose
Nearby zip codes
950379503895137
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Based on information from the MLSListings MLS as of 2026-04-07 11:19:10 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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