164 Waverley Street, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 4 bath
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Palo Alto, California 94301
This Ultra-Luxury New Construction Penthouse is listed at $4,295,000, representing a stable acquisition at its $4,295,000 Fair Market Value. Boasting a Mint Condition Rating, this 2025-built residence features a private elevator, gourmet kitchen with Taj Mahal countertops, and a private rooftop deck with views of the western hills. Located in the heart of Downtown Palo Alto, the home provides seamless access to elite amenities and the top-rated Palo Alto Unified School District, including Palo Alto High School. This sophisticated sanctuary is an ideal match for Owner-Occupants or discerning professionals seeking a maintenance-free, high-end lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 164 Waverley Street Subject | $4,295,000* List Price | 3 | 4 | 2,659 | $1,615 | - |
A 325 Channing Avenue 119 Sold | $3,888,000 | 2 | 3 | 2,091 | $1,859 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2025 construction in mint condition. Features a high-end gourmet kitchen with Thermador appliances and Taj Mahal countertops, designer en-suite bathrooms with curbless showers, and modern systems including a private elevator and EV hookups.
High School: Palo Alto High School (9/10).
This 2025-built penthouse features premium finishes including Taj Mahal countertops, Thermador appliances, and a private elevator, offering a sophisticated, maintenance-free lifestyle.
The property boasts a rare private rooftop deck with western hill views and retractable glass walls in the great room, creating a seamless transition to expansive terrace spaces.
Multiple price reductions from the original $4.995M list price suggest the property has struggled to find its market value in the competitive luxury condo segment.
Despite its penthouse status, the property lacks the private yard and total seclusion of a detached single-family home, which many buyers prioritize at the $4M+ price point.
Penthouse one level living with spacious private rooftop deck. Timeless high-end new construction in sought-after Downtown Palo Alto. Private elevator takes you from your main level vestibule into your expansive living space. Great room with soaring cathedral ceilings with retractable walls of glass that open out to expansive terrace. The gourmet kitchen showcases sought after Taj Mahal countertops, Thermador appliances, and a large walk-in pantry. Atrium staircase leads to a private rooftop deck with raised planters and views toward the western hills, a space unlike any other in downtown Palo Alto. Primary bedroom suite with customized walk-in closet and en suite bath with dual-sink vanity, freestanding tub, curbless shower, and private commode room. Two additional en-suite bedrooms. European Oak hardwood flooring w/herringbone finish in great room. Designer tiles and plumbing fixtures compliment the rich timeless aesthetic throughout.Unparalleled architecture with extensive and custom brick work.Subtle elegance & refined finishes differentiate this penthouse living from the masses. Dedicated parking for two cars with EV hookups. This unique home will stand the test of time for generations and centuries to come.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 75% |
| Baths | 4.0 | 2.0 | 88% |
| Square foot | 2,659 | 1,541.5 | 88% |
| Lot Size | - | - | 50% |
| Price | $4.29M | $2.25M | 88% |
| Price per sq ft | $1.6K | $1.5K | 75% |
| Built year | 2025 | 1992 | 88% |
| HOA | $0 | $1.0K | 13% |
| Days on market | 82 | 93 | 50% |
Apr 21, 2026
$4,295,000
$4,695,000
-9% Price Drop
Initial Listing
Mar 13, 2026
$4,695,000
$4,995,000
-6% Price Drop
Initial Listing
Jan 30, 2026
$4,995,000
Initial Listing