$3,495,000

bed

bath

1,020

square ft

246 Palo Alto Avenue

Palo Alto, California 94301

Pending / MLS #82059476 / Single Family / Palo Alto

Listing information updated 10/1/2026 at 5:24pm

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.

Full Features

Beds Above Grade:

Cooling System:

None

Heating System:

Other

Appliances:

Oven Range Gas, Refrigerator, Washer Dryer

Main Level Primary Bedroom:

Fireplace:

Yes

Pool:

Age:

103 Years

Roof Type:

Composition

Parking Type:

Detached

Parking Spaces:

Garage:

Garage - 1 Car(s)

Square Feet:

1,020

Lot Size:

7150 SquareFeet

Acreage:

0.164

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

94301

City:

Palo Alto

County:

Santa Clara

Schools

School District(s):

Palo Alto Unified

Elementary School:

N/A

Middle School:

David Starr Jordan Middle_1

High School:

Palo Alto High

Beds Above Grade:

Cooling System:

None

Heating System:

Other

Appliances:

Oven Range Gas, Refrigerator, Washer Dryer

Main Level Primary Bedroom:

Fireplace:

Yes

Pool:

Age:

103 Years

Roof Type:

Composition

Parking Type:

Detached

Parking Spaces:

Garage:

Garage - 1 Car(s)

Square Feet:

1,020

Lot Size:

7150 SquareFeet

Acreage:

0.164

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

94301

City:

Palo Alto

County:

Santa Clara

School District(s):

Palo Alto Unified

Elementary School:

N/A

Middle School:

David Starr Jordan Middle_1

High School:

Palo Alto High

Listing Agent: Julie Tsai Law

Listing Office: Compass

Disclaimer: The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings MLS system. Real estate listings held by brokerage firms other than Christie’s International Real Estate Sereno are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS as of 10/1/2026 at 5:24pm (date the MLS data was obtained). 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.