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2987 Alexis Drive, Palo Alto, California 94304, Palo Alto, 94304 - 4 bed, 4 bath

2987 Alexis Drive, Palo Alto, California 94304 home-pic-0
ACTIVE$4,698,000
2987 Alexis Drive, Palo Alto, California 94304
4Beds
4Baths
3,184Sqft
40,000Lot
Year Built
1963
Close
-
List price
$4.7M
Original List price
$4.7M
Price/Sqft
$1,476
HOA
-
Days on market
-
Sold On
-
MLS number
ML82023467
Home ConditionExcellent
Features
Excellent View:
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,6 Pros. Rank: price - $4.70M(50th), sqft - 3184(50th), beds - 4(50th), baths - 4(50th).

Exquisite architectural home in prestigious Palo Alto Hills with beautiful panoramic views and access to top-ranked schools. Located across from Palo Alto Hills Golf & Country Club, enjoy proximity to championship golf, tennis, clubhouse dining, and vibrant social activities while surrounded by natural serenity. Minutes from Highway 280, this Silicon Valley oasis offers a short drive to leading tech companies. Highly-rated Palo Alto schools including Nixon Elementary, Fletcher Middle, and Gunn High School are nearby (buyer to verify), along with Stanford University. The Foothills Nature Preserve offers endless hiking and biking with stunning vistas, while downtown Palo Alto's shops, restaurants, and cultural venues are just moments away. This thoughtfully updated home features premium finishes, elevated indoor-outdoor living spaces, a versatile bonus room ideal for office or gym, and breathtaking views from multiple vantage points. A rare opportunity balancing secluded tranquility with connectivity to everything Silicon Valley offers, ideal for discerning buyers seeking luxurious living, natural beauty, and educational excellence.

Price History

Date
Event
Price
10/01/25
Listing
$4,698,000
Condition Rating
Excellent
Despite being built in 1963, this property has undergone an extensive and high-quality renovation. The kitchen features modern two-tone cabinetry, high-end stainless steel appliances (built-in double oven, large refrigerator, island cooktop), contemporary countertops, and recessed lighting. The bathrooms are equally impressive with large walk-in glass showers, modern tiling, dual floating vanities, and updated fixtures. Throughout the home, light wood-look flooring, fresh white paint, exposed beam ceilings, and modern light fixtures (recessed and track lighting) create a bright, contemporary aesthetic. The exterior also shows recent upgrades with new decks, railings, and a modern outdoor kitchen. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance, indicating a full recent renovation within the last 5 years.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40000, living area = 3184.
Prime Location & Connectivity: Situated in prestigious Palo Alto Hills, offering a Silicon Valley oasis with minutes-long access to Highway 280, leading tech companies, and downtown Palo Alto's amenities.
Exceptional Panoramic Views: The home boasts beautiful and breathtaking panoramic views from multiple vantage points, enhancing its aesthetic appeal and value.
Top-Tier Education Access: Located near highly-rated Palo Alto schools (Nixon Elementary, Fletcher Middle, Gunn High School) and Stanford University, appealing to families seeking educational excellence.
Luxury Lifestyle & Recreation: Directly across from Palo Alto Hills Golf & Country Club, providing immediate access to championship golf, tennis, dining, and social activities, complemented by the nearby Foothills Nature Preserve for outdoor enthusiasts.
Updated Home with Premium Features: Thoughtfully updated with premium finishes, elevated indoor-outdoor living spaces, and a versatile bonus room, offering modern comfort and functionality.

Cons

Significant Overpricing: The property is listed 12% above its estimated market value, which could deter potential buyers and complicate financing.
Age of Construction: Built in 1963, despite updates, the property may still have original infrastructure or components that could require future maintenance or costly upgrades.
High Maintenance for Large Lot: The expansive 40,000 sqft lot, particularly in a hilly and prestigious area, likely entails significant ongoing landscaping and property maintenance costs.

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