1677 Mariposa Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 2 bath
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Palo Alto, California 94306
Analysis of 1677 Mariposa Avenue, Palo Alto, California 94306 is currently available with a list price of $3,600,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
While built in 1928, the home is exceptionally well-maintained and features renovations likely within the 5-15 year range. Key updates include high-end kitchen appliances (Bosch, LG), refinished hardwood floors, and a bathroom with modern heated flooring. The property is move-in ready with functional systems and a modernized secondary studio structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13092, living area = 1024.
High School: Palo Alto High School (9/10).
The massive 13,092 sq ft lot is a rare find in Palo Alto's Southgate neighborhood, offering the rare opportunity to develop a luxury estate of up to 8,330 sq ft.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13092, other record lot size in square feet = 13464.
At only 1,024 sq ft, the main residence is significantly undersized for the price point, likely requiring a substantial addition or total rebuild to suit modern buyer expectations.
With a list price of $3.6M for a 2-bedroom cottage, the value is almost entirely in the land, making this a high-capital investment primarily targeted at developers or custom builders.
Big Lot Energy, Cozy Cottage Soul! On the serene streets of Palo Alto's treasured Southgate neighborhood lies one of its last undiscovered gems: a 13,000 sq ft lot with a warm, inviting home and extraordinary potential. Lush gardens feature a fountain, covered pergola, shed, and a spacious secondary structure with rustic beam track lighting, AC, and skylights -- ideal as studio, office, or guest retreat. Development potential reaches up to 8,330 sq ft. The home radiates period charm: plaster walls, stepped ceilings with original molding, a wood-burning fireplace, refinished oak and fir hardwood floors, and graceful arched doorways. The living room offers an elegant vista onto a tranquil street. The generous dining room drinks in natural light. The kitchen features a Bosch dishwasher, LG refrigerator, and Kenmore Elite five-burner range, with dual pantry closets for flexible storage. A cozy office overlooks the expansive yard. The semi-finished basement provides Bosch laundry, mechanicals, and abundant storage. Both bedrooms are sun-filled; one includes a walk-in closet. The full bath offers a soaking tub, shower, and heated floors. Minutes from exceptional shopping, dining, Stanford University, and Silicon Valley's leading employers. Top-rated Palo Alto schools.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,024 | 1,786 | 5% |
| Lot Size | 13,092 | 7,200 | 95% |
| Price | $3.60M | $3.50M | 53% |
| Price per sq ft | $3.5K | $2.1K | 95% |
| Built year | 1928 | 1952 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 93 | 3% |
May 28, 2026
$3,600,000
Initial Listing