3511 La Mata Way, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 2 bath
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3511 La Mata Way
Palo Alto, California 94306
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,794Sq Ft
14,240Lot Size
Property Price
LIST PRICE$4,988,000
EST. MARKET VALUE
$4,582,905
8% AboveMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at $4,988,000—positioned above the $4,582,906 Fair Market Value. While the current Condition Rating of 6 indicates a dated structure, the 14,240 sq. ft. lot provides significant development potential in the coveted Barron Park neighborhood. Served by the Palo Alto Unified School District and Henry M. Gunn High School, this asset is ideal for Custom Home Builders or Owner-Occupants looking to design a premier residence in a top-tier location.
Estimated Market Value
$4,582,905
Based on Realkey algorithm analyzing recent comparable sales in Palo Alto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3511 La Mata Way Subject | $4,988,000* List Price | 3 | 2 | 1,794 | $2,555 | - |
A 2230 Amherst Street Sold | $4,550,000 | 3 | 2 | 1,807 | $2,518 | 0.9 mi |
B 4042 Orme Street Pending | $4,995,000 List Price | 4 | 3 | 1,869 | $2,673 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1950 and over 75 years old with no mentioned renovations to kitchens, baths, or systems. The listing description focuses heavily on the 14,240 sq. ft. lot and the opportunity to 'create a custom residence' or 'design and build,' signaling the value is primarily in the land.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 14240, living area = 1794.
- Great Schools
High School: Henry M. Gunn High School (9/10).
- Expansive Lot & Development Potential
The massive 14,240 sq. ft. lot is a rare find in Palo Alto, providing a significant footprint for a custom luxury estate, major expansion, or a resort-style backyard retreat.
CONSRISKS & DEFICIENCIES
- Dated Structure & Condition
Built in 1950, the existing 1,794 sq. ft. home likely requires a comprehensive renovation or a complete teardown to meet modern luxury standards, adding significant cost to the investment.
- High Entry Price for Land Value
With a list price near $5 million for a modest-sized home, the acquisition cost is almost entirely in the land, which may limit the buyer pool to those with substantial additional capital for construction.
About 3511 La Mata Way
Rare opportunity in Palo Alto's coveted Barron Park neighborhood! Tucked away on a quiet cul-de-sac, this 1,794 sq. ft. home sits on an expansive 14,240 sq. ft. lot, offering a rare opportunity to update, expand, or create a custom residence tailored to your vision. The oversized lot provides ample space for a stunning backyard retreat, pool, gardens, or outdoor entertaining. Enjoy the peaceful neighborhood setting just moments from Bol Park, known for its open green space and playground. Conveniently located near top-rated Palo Alto schools, Stanford University, shopping, dining, and major commute routes, this property combines an outstanding location with endless possibilities. Whether you're ready to move in and update over time, undertake a thoughtful renovation, or design and build a custom residence, this is a rare opportunity to own a premier property in one of Palo Alto's most desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 14,240 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Barron Park Elementary School
Grades K-5 • 0.1 mi
7/10
Juana Briones Elementary School
Grades K-5 • 0.5 mi
7/10
Terman Middle School
Grades 6-8 • 0.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,794 | 1,689.34 |
| Lot Size | 14,240 | 7,261.56 |
| Price | $4.99M | $3.84M |
| Price per sq ft | $2.8K | $2.2K |
| Built year | 1950 | 1951 |
| HOA | $0 | $0 |
| Days on market | 14 | 30 |
Pricing History
Listed for Sale
Aug 26, 2026
$4,988,000
Initial Listing