20
See all 20 photos
$3,750,000
Est. payment /mo
1 Bed
1 Bath
1,020 SqFt
New
246 Palo Alto Avenue Palo Alto, CA 94301
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,020 sqft
Price per Sqft $3,676
MLS Listing ID ML82059476
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 7,150 Sqft
Acres 0.1641
Property Sub-Type Single Family Residence
Property 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.
Location
State CA
County Santa Clara
Zoning R1
Interior
Interior Features Dining Area, Family Room
Heating Other
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Yes
Exterior
Garage Spaces 1.0
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One Story
New Construction No
Schools
School District Palo Alto Unified
Others
Tax ID 12024033
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Listed by Julie Tsai Law • Compass
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