246 Palo Alto Avenue Palo Alto, CA ^$ 3,750,000

246 Palo Alto Avenue

^$ 3,750,000

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Recently Listed

246 Palo Alto Avenue

Palo Alto, CA, 94301

^$ 3,750,000

Bedrooms1 Baths1.0 Sq 1,020

Monthly Estimate*

^$ 23,678

Listed by Compass

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Single Family Home for sale in Palo Alto, CA

for $3,750,000 with 1 bedroom and 1 full bath. This 1,020 square foot home was built in 1923 on a lot size of 0.1641.

RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.

Single Family Active

Price

^$ 3,750,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 0

Style

Lot Size

0.1641

Year Built

1923

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82059476

Days on Market

Features

General

Living Area 1020

Sewer Public Sewer

Cooling None

Possession Close Of Escrow

Roof Composition

Appliances Refrigerator

Zoning R1

Garage Spaces 1

Year Built 1923

Property Subtype Single Family Residence

County Santa Clara

New Construction false

Property Type Residential

HOA false

Attached Garage false

Garage Y/N true

Full Baths 1

Special Listing Conditions Standard

Status Active

Directions Cross Street: Bryant Street

High School Palo Alto

City Palo Alto

High School District Palo Alto Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 7150

Property Attached Y/N false

Middle/Junior High School Other

Standard Status Active

Year Built Source Assessor

Property Sub Type Additional Single Family Residence

Interior

Flooring Wood

Fireplace Features Wood Burning

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N true

Total Bedrooms 1

Total Baths 1

Exterior

Fencing Wood

Water Source Public

Total Parking 1

Lot Size Area 7150

Foundation Details Concrete Perimeter

Lot Size Acres 0.1641

Lot Size Source Assessor

* Excluded Features

List By

Compass

Broker

julie@julietsailaw.com

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$23,678

Per Month

Monthly Principal & Interest: $23,678
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Palo Alto, CA

Average List Price ^$4,719,689

Percent of Sale Price 26%

About Palo Alto, CA

68,781 Population

15% Since 2002

^$143,744 Median Income

43.54 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

Palo Alto High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/29/2026	$3,750,000		Listed Price

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246 Palo Alto Avenue, Palo Alto, CA, 94301 is a Single Family Home for sale at $3,750,000 with 1,020 sqft and a lot size of 0.1641. 246 Palo Alto Avenue has 1 bedrooms, 1.0 baths, and was built in 1923. The property's zip code is 94301 which is in Palo Alto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 9/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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246 Palo Alto Avenue

Single Family Home for sale in Palo Alto, CA

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