Opening page…
Active
- Listed price
- $3,250,000
- Listed Jan 28, 2026
- Last sold price
- No recorded sale
38,400 sqft lot00|274 MLS days on market
18060 Monterey Rd, Morgan Hill, CA 95037
Property Description
Exceptional development opportunity on Monterey Road in Morgan Hill! This level 0.88-acre parcel offers approximately 38,400 square feet of land with 120 feet of frontage along the Monterey Corridor. Zoned FB-C (Corridor Form-Based), the property allows for a variety of potential residential and mixed-use opportunities, including townhomes, multifamily housing, live/work units, and mixed-use development, subject to verification of applicable zoning requirements and City approvals. The site currently features a 2,128-square-foot single-family residence built in 1969, with 3 bedrooms, 2.5 bathrooms, a 624-square-foot garage, pool, and spa. Public water and sewer serve the existing home. Ideally situated approximately 0.6 mile from downtown Morgan Hill, 0.8 mile from the Caltrain station, and convenient to US-101, shopping, dining, and other local amenities. Conceptual site studies illustrate multiple development possibilities; all proposed uses, density, unit counts, access, and building plans require independent verification and applicable approvals from the City of Morgan Hill. A rare opportunity for developers and investors seeking a strategically located property in a growing South Bay community.
Listing agent: Mike D'AmbrosioDRE #01841982mdambrosio@interorealestate.com, Listing office: Intero Real Estate Services
MLS data updated 10/29/2026, 3:01:17 PM PT
Source: CRMLSMLS #: ML82032799
Get to know Morgan Hill
Check your commute
Choose a destination and your usual departure time. Travel times vary by route and day.
Plan a route on Google MapsConfirm schools
Check the exact property address with the district. A city or ZIP code alone does not establish school eligibility.
LA County district lookupParks and everyday stops
Check access, facilities and current hours before visiting. Explore the area around the home, not just the city center.
Explore nearby parks on Google MapsOfficial district, city and transit resources checked September 22, 2026. External map results are provided by Google.
Read Belmont’s local buyer guidesBelmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Latest asking price$3,250,000
Jan 28, 2026
Available records12026
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$3,250,000Original asking price · Jan 28, 2026ZIP 95037 · Jan 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 1 price recordsJan 28, 2026 – Jan 28, 2026
ZIP 95037 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.