702 Ellsworth Place, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 3 bath
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Palo Alto, California 94306
This Brand New Single-Story Masterpiece represents a Prime Investment Opportunity, listed at $2,888,000—positioned well below the $2,947,441 Fair Market Value by 2%. This valuation gap provides $59,441 in Instant Equity. Boasting a Mint Condition Rating, the 2026 construction features soaring ceilings, Thermador appliances, and a private patio on a secluded road with no rear neighbors. Located in the elite Palo Alto Unified School District near Henry M. Gunn High, this turnkey sanctuary offers unmatched privacy and modern luxury. It is an ideal match for growing families or Owner-Occupants seeking a sophisticated Silicon Valley lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ellsworth Place Subject | $2,888,000* List Price | 3 | 3 | 1,906 | $1,546 | - |
A 3468 Ramona Street Sold | $3,200,000 | 4 | 3 | 1,963 | $1,630 | 0.8 mi |
B 3665 South Court Sold | $3,500,000 | 4 | 3 | 2,358 | $1,484 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2026 construction in mint condition. Features high-end Thermador appliances, quartzite countertops, modern cabinetry, and brand-new systems including a Nest thermostat. No maintenance required.
Middle School: Jane Lathrop Stanford Middle School (9/10). High School: Henry M. Gunn High School (9/10).
Built in 2026, this single-story home features soaring high ceilings, premium Thermador appliances, and contemporary finishes, offering a turnkey luxury experience.
The property is served by the prestigious Palo Alto Unified School District, including top-rated schools like El Carmelo Elementary and Jane Lathrop Stanford Middle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4493, other record lot size in square feet = 3500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1906, other record living area = 1.
The 4,493 square foot lot is relatively small for a single-family residence, which may restrict outdoor activities and landscaping possibilities.
With a list price of $2.888M for 1,906 square feet, the property carries a significant price premium that may challenge buyers focused on square footage value.
Brand New Single-Story Masterpiece, accessible via a private road at the front, with no immediate rear neighbors, this home is engineered for a quiet interior, shielding you from the outside world.***Step inside and experience the immediate "wow" factor of soaring high ceilings throughout the entire home. From the premium finishes to the brand-new systems, this home offers the rare opportunity to enjoy the vibrant energy of Palo Alto with the privacy of a secluded retreat. Bright kitchen with island, beautiful quartzite countertops, Thermador appliances, modern cabinetry, gas cooking range with 6 gas burners, wide-plank engineering wood flooring, Nest thermostat, & stone pavers. Conveniently located with easy access to major tech campuses, Stanford University, Midtown shopping area, California Ave, Town & Country Village shops & restaurants, top-rated Palo Alto High School, and Highway 101/280, this location is truly convenient to everywhere.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,906 | 1,815 | 53% |
| Lot Size | 4,493 | 7,048.5 | 6% |
| Price | $2.89M | $3.50M | 18% |
| Price per sq ft | $1.5K | $1.9K | 29% |
| Built year | 2026 | 1953 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 119 | 3% |
Apr 15, 2026
$2,888,000
Initial Listing
Mar 7, 2025
$1,400,000
Public Record
Nov 7, 2022
$950,000
Public Record
Jul 14, 2017
$13,500,000
Public Record