
Palo Alto, California 94301
This Distinguished Old Palo Alto Estate is a High-Potential Investment Opportunity, listed at $8,995,000—positioned well below the $9,422,363 Fair Market Value by 4%. This valuation gap provides $427,363 in Instant Equity. Boasting a Mint Condition Rating, the property features a Michael Phelps Swim Spa, award-winning gardens, and a detached guest house. Located near Palo Alto High School (9/10), the expansive 16,020 sq ft lot offers rare expansion potential. This legacy property is an elite acquisition for Luxury Homebuyers or Multi-generational Families.
Property is new construction or fully renovated.
Despite the 1910 build date, the property is in mint condition with high-end renovations likely completed within the last 5 years. The kitchen features professional-grade stainless steel appliances and modern cabinetry, bathrooms are fully updated with contemporary fixtures, and the integration of recessed lighting and luxury amenities like a swim spa indicates modernized systems and meticulous maintenance.
High School: Palo Alto High School (9/10).
Situated in the prestigious Old Palo Alto neighborhood on an expansive 16,020 sq ft lot, this property offers a rare opportunity to create a massive legacy estate by acquiring the adjacent parcel.
The estate features a main residence, a comprehensive lower-level recreation center, and a detached 870 sq ft guest house/office, providing exceptional flexibility for multi-generational living or professional remote work.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4288, other record living area = 2029. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Built in 1910, the main residence may require significant ongoing maintenance or costly infrastructure updates to align its vintage systems with modern efficiency and building standards.
The total square footage is divided between the main house, a basement, and a detached unit; the primary living area of 2,374 sq ft may feel undersized for buyers expecting a large, contiguous modern floor plan at this price point.
In the heart of Old Palo Alto, this distinguished estate offers a rare opportunity to own a property defined by architectural character, extraordinary gardens, and exceptional lifestyle versatility. Featured on the 2025 Gamble Garden Spring Tour, the park-like grounds showcase meandering paths, mature landscaping, curated outdoor rooms, and tranquil spaces designed for both entertaining and quiet retreat. The residence blends timeless craftsmanship with expansive living spaces filled with natural light and serene garden views. A lower-level retreat offers recreation and wellness amenities, including a game area, a built-in bar, a mirrored fitness space, a sauna, and a hot tub. Outdoor living is equally compelling, with a heated Michael Phelps Swim Spa, an infrared sauna, a vegetable garden, and multiple gathering and relaxation spaces. A detached three-car garage includes a private upper-level office or guest quarters with a kitchen and a full bath. An adjacent 7,500 sq ft parcel may also be available, creating the rare potential for a two-parcel legacy estate in one of Palo Alto's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 4.0 | 3.0 | 56% |
| Square foot | 4,288 | 2,292 | 79% |
| Lot Size | 16,020 | 5,780.5 | 97% |
| Price | $6.50M | $4.29M | 71% |
| Price per sq ft | $1.5K | $2.2K | 18% |
| Built year | 1910 | 1936 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 73 | 99 | 26% |
May 30, 2026
$6,495,000
$7,995,000
-19% Price Drop
Initial Listing
May 1, 2026
$7,995,000
$8,995,000
-11% Price Drop
Initial Listing
Apr 2, 2026
$8,995,000
Initial Listing