200 Sheridan Avenue 408, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 2 bath
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Palo Alto, California 94306
This Value-Add Luxury Condominium is listed at $1,549,000, representing a stable entry into the prestigious Palo Alto market relative to its $1,478,933 Fair Market Value. Currently holding a Condition Rating of 4, the "as-is" interior features high ceilings and floor-to-ceiling windows, offering a clear path for forced appreciation through modernization. Residents enjoy resort-style amenities including a pool, spa, and EV charging, all within the elite Palo Alto Unified School District. This is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking a customizable residence near Stanford.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 200 Sheridan Avenue 408 Subject | $1,549,000* List Price | 2 | 2 | 1,380 | $1,072 | - |
A 200 Sheridan Avenue 401 Sold | $1,489,550 | 2 | 2 | 1,371 | $1,086 | 0.0 mi |
B 200 Sheridan Avenue 402 Sold | $1,520,000 | 2 | 2 | 1,400 | $1,086 | 0.0 mi |
C 200 Sheridan Avenue 202 Sold | $1,355,000 | 2 | 2 | 1,400 | $968 | - |
D 200 Sheridan Avenue 302 Sold | $1,432,000 | 2 | 2 | 1,400 | $1,023 | - |
E 200 Sheridan Avenue 406 Sold | $1,572,750 | 2 | 2 | 1,412 | $1,114 | - |
F 200 Sheridan Avenue 106 Sold | $1,210,000 | 2 | 2 | 1,412 | $857 | - |
G 200 Sheridan Avenue 205 Active Under Contract | $1,387,250 List Price | 2 | 2 | 1,355 | $1,024 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property is dated and falls into the >20y category. While it features newer luxury vinyl plank flooring, the kitchen contains dated white appliances and original cabinetry, and the bathrooms maintain their original 1990s fixtures and tile, indicating a need for modernization to meet current luxury standards.
Situated just blocks from California Avenue's dining and shops, Stanford University, and Caltrain, this property offers unparalleled convenience for tech professionals and commuters.
The building features rare luxury amenities including a pool, hot tub, secure two-level parking with EV chargers, and an on-site cafe, enhancing the overall lifestyle value.
With high ceilings, floor-to-ceiling windows, and private balconies, the unit provides a bright and sophisticated living environment that maximizes natural light and space.
The association fee of $824 per month is significant and adds a substantial fixed cost to the monthly mortgage obligation for prospective owners.
As the building offers a mix of fully renovated and 'as-is' units, buyers must perform due diligence to determine if this specific unit requires additional capital investment for modern upgrades.
Only 6 Units in the building are remaining! There are a total of 30 units for sale - floor plans and pricing varies. All units on floors 2-4 have balconies. Prospective buyers are encouraged to visit the site and consult with our sales team for detailed information about the specific units being sold. This luxury 4-story building offers resort-style amenities including a pool, hot tub, secure 2-level parking garage w/EV chargers, & Caffe Riace on-site. Built in 1997, this community is just blocks away from California Ave dining, shops, and cafes. Features high ceilings, balconies, A/C, & floor-to-ceiling windows in select units. Some include luxury vinyl plank flooring, quartz countertops, & Thermador stoves. Choose from fully renovated units or upgrade an as-is unit using our in-house design. Every unit comes w/dedicated storage & garage parking. Located near Stanford, Caltrain, & major tech employers, this is the perfect blend of convenience, comfort, & lifestyle in the heart of Silicon Valley. Don't miss this rare opportunity to own in one of Palo Altos most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,380 | 1,390 | 50% |
| Lot Size | - | - | 50% |
| Price | $1.55M | $1.42M | 75% |
| Price per sq ft | $1.1K | $1.0K | 80% |
| Built year | 1997 | 1997 | 50% |
| HOA | $824.0 | $828 | 30% |
| Days on market | 57 | 134 | 5% |
Feb 24, 2026
$1,549,000
Initial Listing