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$1,399,888 Contingent
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Property Description
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!
Full Property Details
Full Property Details for 14862 Watters Dr
General
- Price: $1,399,888
- Status: Contingent
- Type: Single Family
- Source: RE_Infolink
- MLS ID: ML82023249
- Updated: 12/11/2025
- Added to Site: 109 day(s) ago
Interior
- Fireplace(s): Living Room
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Family Room: Kitchen / Family Room Combo
Additional Information
- Extras: Not Applicable
Parking
- Garage Spaces: 1
- Parking Features: Detached Garage, Parking Area
Location
- Area: Alum Rock
- County: Santa Clara
- Cross Streets: Story Road
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Air (Forced Air)
Utilities
- Sewer: Septic Tank / Pump
- Water: Public
- Utility Description: Public Utilities
Structural Information
- Construction: Detached
- Foundation: Concrete Slab
- Roof: Composition
- Square Feet: 1,080
- Year Built: 1946
Lot Features
- Lot Size (Acres): 1.5521
- Minimum Lot Size: 67609
- Lot Size (Sq. Ft.): 67,609
- Zoning: R1-10
Listed by Elevate Group, Anton Lazarenko
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Schools
Schools serving 14862 Watters Dr
| Name | Grades | Distance |
|---|---|---|
Mt. Pleasant High School 1750 South White Road, San Jose, CA 95127 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14862 Watters Dr
Date
Details
Price
Change
Source
12/04/2025
Price Reduced
$1,399,888
-6.67%
MLS
9/29/2025
Listed
$1,499,888
42.85%
MLS
3/31/2021
Sold
$1,050,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 14862 Watters Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,847
2%
$1,028,309
2%
2024
$15,570
4%
$1,008,147
2%
2023
$15,019
1%
$988,380
2%
2022
$14,877
61%
$969,000
88%
2021
$9,248
6%
$515,541
1%
2020
$8,759
3%
$510,256
2%
2019
$8,486
3%
$500,252
2%
2018
$8,238
2%
$490,444
2%
2017
$8,111
—
$480,828
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 14862 Watters Dr
14862 Watters Dr, San Jose, CA 95127 (MLS# ML82023249) is a Single Family property with 2 bedrooms and 1 full bathroom. 14862 Watters Dr is currently listed for $1,399,888 and was received on September 29, 2025. Want to learn more about 14862 Watters Dr? Do you have questions about finding other Single Family real estate for sale in San Jose? You can browse all San Jose real estate or contact a Coldwell Banker agent to request more information.

