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3085 Alexis Drive, Palo Alto, California 94304, Palo Alto, 94304 - 6 bed, 4 bath

3085 Alexis Drive, Palo Alto, California 94304 home-pic-0
ACTIVE$4,988,000
3085 Alexis Drive, Palo Alto, California 94304
6Beds
4Baths
4,270Sqft
60,984Lot
Year Built
1976
Close
-
List price
$4.99M
Original List price
$4.99M
Price/Sqft
$1,168
HOA
-
Days on market
-
Sold On
-
MLS number
ML82027917
Home ConditionPoor
Features
Good View: Hills
Deck
ViewHills

About this home

We found 3 Cons,6 Pros. Rank: price - $4.99M(50th), sqft - 4270(50th), beds - 6(50th), baths - 4(50th).

Get a jump start on creating the home of your dreams on 1.4 acres in highly desirable Palo Alto Hills. This rare opportunity allows you to remodel the existing structure or build new amid gated grounds that offer exceptional privacy and sweeping views from nearly every vantage point. Enjoy a premier location just down the street from the Palo Alto Hills Golf and Country Club, surrounded by nature preserves and scenic trailheads. With easy access to Highway 280, this property places you within minutes of Palo Alto, Stanford, Menlo Park, Sand Hill Road, and two international airports. Top-rated schools include Nixon Elementary, Fletcher Middle, and Gunn High (buyer to verify eligibility).

Price History

Date
Event
Price
11/19/25
Listing
$4,988,000
10/18/24
Sold
$3,475,000
01/31/20
Sold
$4,300,000
12/07/00
Sold
$3,820,000
Condition Rating
Poor
Built in 1976, this property is explicitly described as needing significant remodeling or complete demolition. The images confirm a state of severe disrepair, partial demolition, or extensive unfinished renovation, with exposed foundations, boarded-up windows, and unkempt surroundings. The property is clearly not move-in ready and requires substantial repairs and rehabilitation, with major components likely needing replacement or extensive work. The current condition is unlivable, aligning with the 'poor' classification.
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 = 60984, living area = 4270.
Premier Location: Situated in highly desirable Palo Alto Hills, offering proximity to the Palo Alto Hills Golf and Country Club, nature preserves, Stanford, Sand Hill Road, and convenient access to Highway 280.
Expansive & Private Lot: A generous 1.4-acre (60,984 sqft) gated parcel provides exceptional privacy and ample space, a rare find in this coveted area.
Development Opportunity: Offers a unique chance to either extensively remodel the existing 4270 sqft structure or build a brand-new custom dream home, maximizing its potential.
Sweeping Views: Boasts sweeping views from nearly every vantage point, enhancing the property's aesthetic appeal and value.
Top-Rated Schools: Located within the highly acclaimed Palo Alto Unified School District, including Nixon Elementary, Fletcher Middle, and Gunn High, a significant draw for families.

Cons

Age of Structure & Required Investment: Built in 1976, the existing structure is likely dated and explicitly presented as a candidate for significant remodeling or complete demolition, implying substantial additional investment beyond the purchase price.
High Entry Price for a Project: The $4.988 million list price is substantial for a property that requires significant further investment for renovation or new construction, potentially narrowing the buyer pool to those with extensive capital.
Implied 'As-Is' Condition: The description's emphasis on remodeling or building new suggests the current home is not a move-in ready luxury residence, meaning buyers are primarily investing in the land and location, with the existing structure being a project.

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