759 Kendall Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 3 bath
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Palo Alto, California 94306
This High-Potential Investment Opportunity is a shovel-ready development site listed at $3,898,000, positioned above the $3,546,638 Fair Market Value. While the current structure holds a Condition Rating of 6, the true value lies in the approved plans for a 2,790 sq. ft. luxury estate and 695 sq. ft. ADU. Located in the elite Palo Alto Unified School District near Henry M. Gunn High School, this asset offers significant long-term appreciation. It is an ideal acquisition for Real Estate Developers or Owner-Occupants seeking a custom build.
Property is land value only, full reconstruction required.
Built in 1949 and marketed as a 'ready to build' development opportunity with approved plans for a new estate, the existing structure is over 75 years old and the value lies in the land and entitlements.
High School: Henry M. Gunn High School (9/10).
With plans already approved by the City of Palo Alto, this property offers a rare, turn-key opportunity to bypass the lengthy and complex entitlement process, allowing for immediate commencement of a modern luxury estate.
The property is situated in a premier location with access to top-rated schools, including Henry M. Gunn High School, which significantly bolsters long-term property value and appeal to families.
The property was recently sold within the past year on 2026-02-03. The sold price is $2,960,000.00.
The list price of nearly $3.9M represents a significant initial investment for a project that still requires substantial capital for the actual construction of the 2,790 sq. ft. main residence.
As a development opportunity rather than a finished home, the buyer must possess the expertise or resources to manage a full-scale construction project, including the associated timelines and market risks.
Ready to Build: Contemporary Architectural Masterpiece in Palo Alto This is a rare, turn-key development opportunity on a serene, tree-lined street. With plans already approved by the City of Palo Alto, you can break ground soon on a stunning, 2-story modern estate. Lot: -6,800 sq ft. with 68 feet of frontage and 100 feet of depth (per County Records). Main House: ~2,790 sq. ft. of light-filled contemporary luxury featuring 4 bedrooms, 4 bathrooms. Attached ADU: A private ~695 sq. ft. unit (bedroom, bathroom, and full kitchen)ideal for guests, extended family, or premium rental income. The Location: Enjoy world-class convenience, located just minutes from Stanford University, award-winning Gunn High School, and California Avenues premier dining and shopping district.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,866 | 1,500 |
| Lot Size | 6,800 | 7,500 |
| Price | $3.90M | $3.80M |
| Price per sq ft | $2.1K | $2.2K |
| Built year | 1949 | 1950 |
| HOA | $0 | $0 |
| Days on market | 36 | 31 |
Jun 16, 2026
$3,898,000
Initial Listing
Feb 3, 2026
$2,960,000
Public Record