246 Palo Alto Avenue, Palo Alto, CA 94301

Palo Alto
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
246 Palo Alto Avenue,Palo Alto, CA 94301
$3,750,000
  • 1 Beds
  • 1 Baths
  • 1,020 sq. ft.
  • Single family
  • Active
Listed by: julie tsai law
Office: compass
MLS#:ML82059476
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$3,750,000
  • Price per sq. ft.:$3,676.47

About this home

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.

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Home facts

  • Year built:1923
  • Listing ID #:ML82059476
  • Added:10 day(s) ago
  • Updated:September 08, 2026 at 01:38 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Flooring:Hardwood
  • Living area:1,020 sq. ft.

Structure and exterior

  • Roof:Composition Shingles
  • Year built:1923
  • Building area:1,020 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$3,750,000
  • Price per sq. ft.:$3,676.47

Parking

  • Garage:Yes
  • Garage spaces:1
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 8, 2026

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