
Palo Alto, California 94306
This Stunning Move-In Ready Home is listed at $5,700,000, reflecting a premium for its unique Silicon Valley history and high-end finishes. While the list price exceeds the $4,763,405 Fair Market Value, the property maintains an Excellent Condition Rating following a full "down to the studs" remodel. Featuring a modern open-concept kitchen, multi-zone A/V system, and a newly paved patio, this residence offers a turnkey lifestyle within the prestigious Palo Alto Unified School District. It is an ideal acquisition for discerning professionals or established families seeking a historic, luxury sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2886 Emerson Street Subject | $5,700,000* List Price | 5 | 4 | 2,815 | $1,692 | - |
A 761 Encina Grande Drive Sold | $4,550,000 | 5 | 4 | 2,945 | $1,545 | 1.0 mi |
B 3286 South Ct Sold | $4,900,000 | 4 | 4 | 2,376 | $2,062 | 0.5 mi |
C 644 Wellsbury Way Sold | $6,810,000 | 5 | 5 | 3,020 | $2,255 | 0.5 mi |
D 3645 Ramona Street Sold | $4,010,000 | 4 | 3 | 1,859 | $2,157 | 0.9 mi |
E 745 Barron Avenue Sold | $4,430,000 | 5 | 5 | 3,009 | $1,472 | 0.8 mi |
F 3408 South Court Sold | $5,600,000 | 4 | 3 | 2,400 | $2,333 | 0.6 mi |
G 2050 Williams Street Pending | $4,480,000 List Price | 6 | 3 | 2,826 | $1,585 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a full 'down to the studs' remodel approximately 5 years ago, placing it within the top tier for condition. It features a modern open-concept kitchen with custom cabinetry and quartz countertops, high-end professional appliances, newer hardwood flooring, and updated systems including a whole-home multi-zone A/V distribution system. The recent interior paint and professional landscaping further confirm its mint, move-in-ready status.
Middle School: Jane Lathrop Stanford Middle School (9/10). High School: Palo Alto High School (9/10).
Fully remodeled down to the studs five years ago with high-end finishes, custom cabinetry, and integrated A/V systems, offering a move-in ready luxury experience.
Situated within the prestigious Palo Alto Unified School District, providing access to top-rated schools including El Carmelo Elementary and Jane Lathrop Stanford Middle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2815, other record living area = 2745.
A recent price reduction from the original listing suggests the property may have faced initial market resistance, potentially impacting buyer perception of value.
With a lot size of approximately 6,030 square feet, the outdoor space may feel limited for buyers expecting more expansive grounds at a $5.7 million price point.
Own a Piece of Silicon Valley Startup History. This remarkable home is more than just a beautiful residence; it was the birthplace of three successful technology startups, including a payroll company that grew into one of Silicon Valley's most recognizable fintech businesses, as well as AI companies SanasAI and Hoomanely. Fully remodeled down to the studs about 5 years ago. Recently refreshed with new interior paint and professionally redesigned landscaping, this exceptional five-bedroom, four-bathroom home offers an ideal blend of luxury, comfort, and functionality. It features an open-concept kitchen with custom cabinetry and Silestone quartz countertops, a spacious second family room with a wet bar for additional flexibility for hosting guests or relaxing with family. Additional highlights include newer hardwood flooring, a generous laundry room, a whole-home multi-zone surround A/V distribution system, and security wiring. The backyard has been transformed into a private retreat, featuring a newly paved patio, fresh sod, and mature landscaping that creates a peaceful outdoor sanctuary with plenty of room to entertain or play. Whether you're drawn by its exceptional design, outstanding location, or its unique place in Silicon Valley history, this is truly a one-of-a-kind home.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,815 | 1,689.34 |
| Lot Size | 6,030 | 7,261.56 |
| Price | $5.70M | $3.84M |
| Price per sq ft | $2.0K | $2.2K |
| Built year | 1950 | 1951 |
| HOA | $0 | $0 |
| Days on market | 39 | 30 |
Aug 20, 2026
$5,700,000
$5,998,000
-5% Price Drop
Initial Listing
Aug 1, 2026
$5,998,000
Initial Listing
Mar 7, 2022
$4,700,000
Public Record
Nov 10, 2020
$2,850,000
Public Record
Aug 1, 2005
$180,000
Public Record