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Price Reduced Listing
$3,495,000
 $18,762 est/mo Sourced by Back At You

246 Palo Alto Avenue,Palo Alto, CA 94301

Palo Alto, CA 94301

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Description

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.

Details

MLS #ML82059476
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1923
Days On Site31
Listing Provided ByCompass | Julie Tsai Law

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet1,020
Garage1
Story(s)1
ZoningR1
Acreage0.16

Interior

CoolingNone
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesRefrigerator
Fireplace Yes / NoYes

Exterior

RoofComposition
Foundation DetailsConcrete Perimeter
FencingWood

Parking

Attached Garage Yes / NoNo
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Area Information

StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$3,495,000
low | high
Med:
$3,497,500
49.928469241774% of Average
sqft:
1,020
low | high
Med:
2,247
70.245098039216% of Average
$ / sqft:
$3,426
low | high
Med:
$1,591
100% of Average
On site:
31
low | high
Med:
789.5
3.926535782141% of Average
Sourced by Back At You

Market Activity 94301

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Additional Information

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$3,495,000
low | high
Med:
$3,497,500
49.928469241774% of Average
sqft:
1,020
low | high
Med:
2,247
70.245098039216% of Average
$ / sqft:
$3,426
low | high
Med:
$1,591
100% of Average
On site:
31
low | high
Med:
789.5
3.926535782141% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 3:39:54 AM PDT
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