94 Palmer Lane, Atherton, California 94027, Atherton, 94027 - 1 bed, 1 bath
Loading property details...
Atherton, California 94027
Analysis of 94 Palmer Lane, Atherton, California 94027 is currently available with a list price of $3,700,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Atherton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is marketed as a 'shovel-ready' development opportunity, indicating that the value lies in the land and the approved permits rather than the existing structure. Built in 1948, the current 500-square-foot building is intended to be replaced by a proposed 3,522-square-foot residence. Furthermore, all provided images are architectural renderings of a future project, not photographs of the current condition, confirming the existing improvements are slated for demolition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13993, living area = 500.
The property comes with approved plans and building permits ready to pull within weeks, allowing a buyer to bypass the lengthy and complex entitlement process typical in Atherton.
Located in one of the nation's most exclusive zip codes, the flag lot configuration provides enhanced privacy and a quiet retreat away from street traffic.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13993, other record lot size in square feet = 11835. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 5.
At approximately 13,993 SF, the lot is significantly smaller than the one-acre parcels typically found in Atherton, which may limit the 'estate' feel and outdoor amenities.
The buyer must manage and fund a ground-up construction project, assuming the risks associated with high labor costs and material price volatility in the current market.
Rare, shovel-ready opportunity to build on a private flag lot in Atherton with approved plans and building permit ready to pull within weeks. Set on an approximately 13,993 SF lot, this offering includes a thoughtfully designed proposal for a 3,522 SF new residence, featuring: 1,713 SF main level, 1,010 SF second level, 800 SF attached ADU, and Detached 1-car garage. The proposed design offers modern living with flexible space, including a private attached ADU ideal for guests, extended family, or office use. The flag lot setting provides added privacy and a quiet retreat while remaining conveniently located near top amenities and commuter routes. An exceptional chance to fast-track your new construction project in one of the Peninsulas most prestigious communities. Buyer to verify all square footage, approvals, and permit status with the appropriate authorities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 5.0 | 7% |
| Baths | 1.0 | 6.0 | 7% |
| Square foot | 500 | 3,770 | 7% |
| Lot Size | 13,993 | 40,103 | 33% |
| Price | $3.70M | $8.20M | 27% |
| Price per sq ft | $7.4K | $1.9K | 93% |
| Built year | 1948 | 1958 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 168 | 7% |
Mar 20, 2026
$3,700,000
Initial Listing
Mar 22, 2022
$4,750,000
Public Record