Los Gatos' 'The Cats' Estate on Market For $8.95 Million

"The castle in the sky," a name given to the "The Cats" Estate at 17525 Santa Cruz Highway, is on the market for sale at a whopping $8.95 million price.

Its listing agent, Duane Adam, emailed us Thursday with the news that the about 75-acre estate with a 3,985-square-foot home is for sale for the first time in 50 years.

The property, which also features a gatehouse and another dwelling called, "The Poet's Cottage," is owned by the Los Gatos Ogilvie family, who are said to have bought it in 1960 for $62,000.

According to Adam, the estate gained notoriety in the 1920s when famed writer Charles Erskine Scott Wood and poet Sara Bard Field bought the property as a weekend retreat.

"These are collectible buildings and walking through them conjures visions of the many artists and dignitaries who have stayed within their walls. This is a magical place," Adam wrote on his Sotheby's International Realty website.

News of the sale has made it into the Wall Street Journal, which wrote a small article about it in its Oct. 3 edition.

Almost inconspicuous as one drives on Highway 17, the estate is close to The Cats Restaurant and Tavern, also located on Santa Cruz Highway.

The restaurant, which opened after being remodeled late in 2011, was owned by the late Diane Ogilvie. She, along with her late husband Bruce, are the owners of the property, which is now in the hands of their children who want to sell.

Making it stand out, however, are the two giant "gatos" known as Leo and Leona, a Los Gatos landmark. The stone statues flank a gated entry.