838 Boyce Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 6 bed, 6 bath
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This Prime North Palo Alto Development Asset is listed at $5,995,000, positioned alongside a $5,372,450 Fair Market Value. With a Condition Rating of 6, the value is anchored in the massive 20,077 sqft lot, offering a rare "blank canvas" for a high-end estate. The property is served by Top-Rated Schools including Addison Elementary and Palo Alto High School, ensuring long-term asset stability. This private oasis represents a unique land-play with substantial Value-Add potential, making it an ideal acquisition for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 838 Boyce Avenue Subject | $5,995,000* List Price | 6 | 6 | 2,324 | $2,312 | - |
A 170 Southwood Drive Sold | $5,925,000 | 5 | 4 | 2,736 | $2,166 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1948, this property is 76 years old. The listing description explicitly emphasizes the 'opportunity to purchase roughly half an acre' and 'Build your dream home' or 'start new,' indicating the primary value is in the land for redevelopment. The existing structures are referred to as 'cottages' that could potentially be kept as 'guest homes,' but the main focus is on new construction. There is no mention of any significant renovations in the past 50 years, aligning with the 'tear-down' criteria where the structure's value is based solely on the land and its potential for redevelopment.
Situated in a highly coveted North Palo Alto neighborhood, offering prestige and strong investment potential.
A rare ~0.5-acre lot (20,077 sqft) in Palo Alto, providing exceptional privacy via a dedicated driveway.
Presents an incredible opportunity to build a custom dream home or redevelop, with flexible options for existing structures.
Built in 1948, the existing cottages likely require substantial renovation or demolition, indicating the property's primary value is in the land.
The current configuration of multiple cottages may not suit a traditional single-family residence without extensive reconfiguration or a complete rebuild.
Being on the market since March 2022 suggests potential challenges related to pricing, the property's unique nature as a land play, or specific buyer requirements.
Incredible opportunity to purchase roughly half an acre (~20,077sf lot) in a prime North Palo Alto location. Build your dream home in this coveted location with ultimate privacy and close proximity to Downtown Palo Alto and parks. A private driveway takes you back into a private oasis. Keep a few of the cottages as guest homes and add the Single-family home of your dreams or start new. The possibility and limitless. Sought after Palo Alto schools.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 97% |
| Baths | 6.0 | 3.0 | 91% |
| Square foot | 2,324 | 2,268 | 57% |
| Lot Size | 20,077 | 5,625 | 97% |
| Price | $6.00M | $4.27M | 71% |
| Price per sq ft | $2.6K | $2.2K | 66% |
| Built year | 1948 | 1924 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 1507 | 105 | 0% |
Mar 7, 2022
$5,995,000
Initial Listing