744 Mayview, Palo Alto, California 94303, Palo Alto, 94303 - 3 bed, 1 bath
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Palo Alto, California 94303
This Palo Alto Development Asset is a premier acquisition listed at $3,598,000, reflecting market-aligned pricing relative to its $3,511,179 Fair Market Value. Boasting a Condition Rating of 4, the well-maintained 1950s structure provides immediate utility or rental income while architectural plans are finalized for the massive 10,200 sqft lot. Situated in the prestigious Palo Alto Unified School District near Mitchell Park, the property features a private patio and immense potential for a custom estate and ADU. This is an ideal project for Real Estate Developers or Visionary Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 744 Mayview Subject | $3,598,000* List Price | 3 | 1 | 1,552 | $2,262 | - |
A 3866 Coroina Way Sold | $3,403,000 | 3 | 2 | 1,421 | $2,395 | 0.2 mi |
B 3141 David Court Sold | $3,600,000 | 3 | 2 | 1,667 | $2,160 | 0.8 mi |
C 3839 Ross Road Sold | $3,185,000 | 3 | 2 | 1,631 | $1,953 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1950s home that is 'neat as a pin' but remains largely in its original condition. The kitchen features dated wood cabinetry, older white appliances, and vinyl flooring, while the single-bathroom layout for a three-bedroom home is functionally obsolete. While the structure appears sound and livable, the styles and features are significantly outdated compared to modern standards, fitting the criteria for a property maintained through regular upkeep but requiring updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10200, living area = 1552.
The expansive 10,200 square foot lot offers a rare opportunity in a high-demand Palo Alto neighborhood to build a large-scale custom estate plus a detached ADU.
Ideally situated within minutes of Mitchell Park, Ramos Park, and the Charleston Center, providing residents with easy access to recreation, shopping, and top-tier community amenities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The existing three-bedroom residence contains only one bathroom, a significant functional obsolescence that necessitates a major renovation or rebuild to meet modern luxury standards.
At a list price of nearly $3.6 million, the property represents a high-capital entry point for a project where the primary value lies in the land, requiring substantial additional investment for redevelopment.
An exceptional opportunity to build new or renovate a sweet home on an approximately 10,200 sf lot awaits in one of Palo Alto's most desirable neighborhoods. Within minutes of Mitchell Park, this approximately 0.23 acre lot offers the perfect location to build your forever home and an ADU in a neighborhood that is a showcase of beautiful examples of redevelopment. The current one-story 3 bedroom home is neat as a pin and light & bright with a spacious kitchen and sunlit dining area and a huge family room with wood plank walls and a vaulted ceiling. Close to all the best of South Palo Alto including Mitchell Park, Ramos Park, the Cubberley Community Center, and Charleston Center with Peet's and Piazza's Fine Foods market, while offering easy access to commute routes. With plenty of room for a luxurious home and a spacious ADU this huge lot and stunning property in a gorgeous neighborhood is a rare find!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,552 | 1,540 | 51% |
| Lot Size | 10,200 | 6,500 | 86% |
| Price | $3.60M | $3.14M | 63% |
| Price per sq ft | $2.3K | $1.8K | 80% |
| Built year | 1950 | 1952 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 139 | 4% |
Apr 6, 2026
$3,598,000
Initial Listing