At $595,000, This Lora Drive Condo Is Asking More Than Any Recent Sale in the Same Complex

Six condos at or immediately adjacent to 14225 Lora Drive have recorded sales in the past 12 months. The highest was $535,000. Unit 56 is asking $595,000.

That gap is the first thing to understand about this listing. The second is why it still qualifies as one of the least expensive active listings in Los Gatos: the town's market is dominated by single-family houses, and a two-bedroom, one-bath, 996-square-foot condo built in 1963 is a structurally different product from almost everything else on offer.

The record

How it compares with homes like it

The peer rule here: same type (condos and townhomes), within one bedroom of two, size within 25%, sales in the last 12 months, nearest radius with at least four sales. Six sales qualified, all within 0.06 miles — effectively the same complex or the block immediately around it.

The six-sale peer group ran from $380,000 to $535,000, with a median of $481,000 and a median price per square foot of $505. Unit 56 is asking $597 per square foot, above every recorded sale in that peer set.

The closest direct match is 14225 Lora Dr Apt 90 — identical footprint, identical bed-bath count, 0.01 miles away — which recorded at $515,000 in January 2026. Unit 56 is asking $80,000 more than that.

Among the 14 similar condos currently listed, Unit 56 ranks seventh by price. The complex has two active two-bedroom units asking $430,000 and $550,000 respectively. At $595,000, this unit is the second-highest ask among the two-bedroom listings at 14225 Lora Drive right now, behind only 14245 Lora Drive #3 at $635,000 — a unit with a different address and 900 square feet.

Why does it land in the bottom 4.4th percentile of all Los Gatos inventory? Size and type. At 996 square feet with one bath in a 1963 complex, it competes in a narrow slice of the market. The town's overall active median is $1,781,500. The discount to that figure is 66.6 percent, but that comparison is between unlike things.

Comparable sales

Six recorded sales, same type, within one bedroom, size within 25%, past 12 months, within 0.5 miles. All dates are month-level estimates from recorded documents.

The table covers a tight range of addresses. The lowest sale — $380,000 for Apt 24, a two-bed, two-bath at 1,050 square feet — is the outlier on the low end. The highest, $535,000, is the prior recorded sale for the same unit number now asking $595,000: Apt 56 itself sold in March 2026. The current ask represents a $60,000 increase over that March sale seven months later.

Condos and townhomes across Los Gatos

There are 33 condos and townhomes currently active in Los Gatos. Over the past 180 days, 51 sold at a median of $1,435,000 and a median of $913 per square foot. The median ask among active condo and townhome listings now stands at $1,230,000. The Lora Drive complex — and the Alberto Way complexes nearby — represent the lower end of this segment, a world apart from the newer or larger townhomes that push the type median well above $1 million.

How the Los Gatos market is doing

Across all property types in Los Gatos, 229 sales recorded in the past 180 days at a median of $2,385,000 and $1,160 per square foot. The same period a year ago produced 277 sales at a median of $2,325,000 — volume is down about 17 percent, price per square foot is up about 1.7 percent. The market's size band closest to this unit (797–1,195 sq ft, all types, 45 sales) produced a median of $850,000 at $890 per square foot, reflecting how much detached houses at this size pull the band's median above what condos in the complex have actually recorded.

What it would cost a month

At the $595,000 list price with the national 30-year average rate of 7.03 percent for the week of September 24, 2026, principal and interest would run as follows. This figure covers principal and interest only — taxes, insurance, and any HOA dues are separate.

Three you could write an offer on today

These units are not listed for sale. They are neighbors at the same complex with recorded ownership history.

• 14225 Lora Dr Apt 80 — 2 bed, 1 bath, 996 sq ft, built 1963, last recorded sale $252,500 in February 2018, same building.
• 14225 Lora Dr Apt 89 — 2 bed, 1 bath, 996 sq ft, built 1963, last recorded sale $315,000 in December 2013, same building.
• 14225 Lora Dr Apt 93 — 2 bed, 1 bath, 996 sq ft, built 1963, last recorded sale $90,000 in March 2009, 0.01 miles.

Every home in the Los Gatos market has a page on this site. An owner does not need to have a listing active to receive a written offer — the agent takes the offer to the owner and neither side is committed to anything until both parties have signed a contract. You can read how an offer works before putting anything on paper.

Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272