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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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

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Home / Palo Alto / 246 Palo Alto Avenue
246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 246 Palo Alto Avenue Palo Alto, CA 94301 View All Photos

$3,750,000

| Active

246 Palo Alto Avenue

Palo Alto, CA 94301

1,020
Square Feet
1
Beds
1
Baths
0.16
Acres
0
Days on Market
ML82059476
MLS#
House
Structure
Residential
Zone
Contact
Listing OfficeCompass

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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Property Details
Cooling
1
Bedrooms
1
Bathrooms
1.0
Full Baths
1
Stories
1
Acres
0.164
Square Feet
1020.0
Lot Size (sqft)
7150.0
Parking
1
Parking Spaces
1
Parking Type
Garage
Parking Garage Spaces
1.0
Property Type
Purchase
Property Subtype Additional
Single Family Residence
Year Built
1923
Foundation
Concrete Perimeter
Roof
Composition
Sewer Information
Public Sewer
Utility Source
Public
Appliances
Refrigerator
School District
Palo Alto Unified
Middle School
Other
High School
Palo Alto
County
Santa Clara
Region
Palo Alto
Zoning
R1
Original List Price
$3,750,000
MLS #
ML82059476
Property Subtype
SingleFamilyResidence
Fence
1
Parcel Number
12024033
MLS #
ML82059476
Date Listed
August 28, 2026
Address
246 Palo Alto Avenue
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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

Provided By
Listed by Julie Tsai Law (#ML302581)
Listing Office: Compass (#ML37689)

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