161 Primrose Way, Palo Alto, California 94303, Palo Alto, 94303 - 5 bed, 5 bath
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Palo Alto, California 94303
Analysis of 161 Primrose Way, Palo Alto, California 94303 is currently available with a list price of $8,495,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property has undergone a comprehensive whole-home designer renovation within the last 5 years, featuring a gourmet kitchen with high-end stainless steel appliances, modern luxury bathrooms, and updated designer finishes throughout. Despite the 1994 build date, the home is in mint, move-in-ready condition with no maintenance required.
High School: Palo Alto High School (9/10).
The property features a comprehensive designer renovation and a unique rustic ADU known as 'The Barn,' creating a sophisticated luxury showcase optimized for high-end entertaining.
Situated in the sought-after Green Gables neighborhood, the home provides access to top-tier Palo Alto Unified schools, including Duveneck Elementary and Palo Alto High, all rated 8 or 9.
A recent $1,000,000 price reduction from the original list price may indicate initial overvaluation or a cooling interest that could affect future resale perception.
The 1994-built Victorian aesthetic, despite modern upgrades, may have more limited appeal compared to the contemporary and modern architectural styles currently dominating the Palo Alto luxury market.
A whole-home designer renovation, along with the addition of a unique ADU currently designed for poolside entertaining, has transformed this property into a luxury showcase for indoor/outdoor living. While preserving its original Victorian aesthetic, the home has been reimagined with designer appointments and modern sophistication. A formal dining room and richly paneled library/office give way to a sunroom, family room, and gourmet kitchen combination that opens to the rear grounds. Upstairs, 5 spacious bedrooms include the primary suite and two that have en suite baths and loft playrooms. A wraparound arbor-covered deck off the primary suite features spiral stairs leading to the pool, spa, and expansive terrace with a fireplace. Known as The Barn, the ADU offers a charming rustic retreat with restaurant-style seating, perfect for entertaining. Located in sought-after Green Gables, this home enjoys proximity to Stanford University and acclaimed Palo Alto schools
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 5.0 | 2.0 | 94% |
| Square foot | 3,685 | 1,520 | 98% |
| Lot Size | 13,340 | 6,490 | 94% |
| Price | $8.49M | $3.13M | 96% |
| Price per sq ft | $2.3K | $1.8K | 80% |
| Built year | 1994 | 1953 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 363 | 147 | 98% |
Feb 25, 2026
$8,495,000
$9,495,000
-11% Price Drop
Initial Listing
Apr 24, 2025
$9,495,000
Initial Listing