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162 Waverley Street, Palo Alto, California 94301, Palo Alto, 94301 - 4 bed, 5 bath

162 Waverley Street, Palo Alto, California 94301 home-pic-0
ACTIVE$5,675,000
162 Waverley Street, Palo Alto, California 94301
4Beds
5Baths
2,603Sqft
Lot
Year Built
2025
Close
-
List price
$5.67M
Original List price
$5.99M
Price/Sqft
$2,180
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021693
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $5.67M(83th), sqft - 2603(83th), beds - 4(83th), baths - 5(83th).

Timeless high-end new construction in sought-after Downtown Palo Alto. Premium first floor, one level living is designed for indoor-outdoor enjoyment with retractable glass door access. 3 bedrooms, 3.5 bath main home with an additional detached 1 bedroom, 1 bath guesthouse. Great room with retractable walls of glass that open out to private and generous fenced in yard differentiates this unit from the masses. The gourmet kitchen with large island showcases sought after Taj Mahal countertops, Thermador appliances, and a large walk-in pantry. Designer tiles and plumbing fixtures compliment the rich timeless aesthetic throughout. Three bedroom suites, each with private outside entrance, include a primary retreat with spa-like bath. Enjoy expansive privatized yards and patios. European Oak hardwood flooring with herringbone finish in great room. Complementing the main home, the detached guesthouse offers independent living with a great room with full kitchen, bedroom, bath, and laundry ideal for extended family, guests or office suites. Unparalleled architecture with extensive and custom brick work. Subtle elegance and refined finishes differentiate this penthouse living from the masses. This unique home will stand the test of time for generations and centuries to come.

Nearby schools

7/10
Addison Elementary School
Public,•K-5•0.8mi
8/10
David Starr Jordan Middle School
Public,•6-8•1.8mi
9/10
Palo Alto High School
Public,•9-12•0.9mi

Price History

Date
Event
Price
11/02/25
Price Change
$5,675,000-5.2%
09/16/25
Listing
$5,985,000
Condition Rating
Excellent
This property is a brand-new, high-end construction built in 2025, meeting the 'excellent' criteria for being newly built. The description highlights a 'gourmet kitchen with large island showcases sought after Taj Mahal countertops, Thermador appliances, and a large walk-in pantry.' The images confirm a pristine, modern kitchen with light shaker cabinets, subway tile backsplash, and gold-toned designer fixtures. Bathrooms are described as 'spa-like' and images show modern walk-in showers with glass enclosures, contemporary vanities, and designer tiles. Throughout the home, there is European Oak hardwood flooring with a herringbone finish, and all components appear new, high-quality, and without any signs of wear or deferred maintenance.
Pros & Cons

Pros

Great Schools: High School: Palo Alto High School (9/10).
Premier Downtown Palo Alto Location & New Construction: Situated in a highly desirable Downtown Palo Alto location, this property benefits from brand-new, high-end construction (Year Built 2025), offering modern amenities and design.
Detached Guesthouse for Versatility: The inclusion of a fully equipped detached 1-bedroom, 1-bath guesthouse provides exceptional flexibility for extended family, guests, or a dedicated home office/suite.
Luxurious Finishes & Gourmet Kitchen: Boasts a gourmet kitchen with Taj Mahal countertops, Thermador appliances, and a large walk-in pantry, complemented by designer tiles, European Oak hardwood, and custom brickwork throughout.
Seamless Indoor-Outdoor Living: Designed for enjoyment with retractable glass doors, walls of glass, and expansive private fenced yards and patios, creating a unique indoor-outdoor experience.
Access to Top-Tier Schools: Located within the highly-rated Palo Alto Unified School District, offering access to excellent public schools, a significant draw for families.

Cons

Condominium Status: Despite its luxury, the property is a condominium, which may not appeal to buyers seeking full land ownership and could entail significant HOA fees (though not specified, it's a common characteristic).
Recent Price Adjustment: A notable price reduction from the original list price suggests potential initial overpricing or a slower market absorption rate, which could raise questions for prospective buyers.
Compact Square Footage for Price: At 2603 sqft for a 4-bedroom, 5-bathroom layout, the living space might be considered relatively compact by some high-end buyers in the Palo Alto market, especially given the multi-million dollar price point.

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