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Listed by: Julie Tsai Law (650) 799-8888 DRE #01339682 | Compass (650) 323-1111
$3,750,000
Monthly Est:$18,665
1 Bed
1 Bath1 full bath
1,020sqft
246 Palo Alto Ave, Palo Alto, CA 94301
$3,750,000
$18,665/moEst:
Get Pre-Approved
Single Family Residence
Built in 1923
$-- HOA
7,150 sqft lot
$3,676/sq.ft
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...
Continue Reading- Houzeo last checked: 5 hours ago
- Listing updated: September 21, 2026 at 11:52 am
- Source: California Regional MLS-CA | MLS#: ML82059476
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
1,020 sqft
Lot Size
7,150 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
ML82059476
MLS Status
Active
Days on Market
23
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Interior
Flooring
Wood
Cooling
None
Appliances
Refrigerator
Sewer
Public Sewer
Construction
Year Built
Year Built: 1923
Home type
Single Family Residence
Foundation Details
Concrete Perimeter
Roof
Composition
Utilities & Energy
Fireplace Features
Wood Burning
Water Source
Public
Price History
| Date | Event | Price |
|---|---|---|
08/28/2026 Source: | Listed for Sale | $3,750,000 +46.20% $3,676/sqft |
07/17/2024 Source: | Price Increased | $2,565,000 +25.12% $2,515/sqft |
07/17/2024 Source: | Sold | $2,050,000 $2,010/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 21, 2026, 10:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
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