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340 Palo Alto Avenue, Palo Alto, CA 94301

$6,300,000 Approx. USD 2 beds, 1 baths
1,120 sqft

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Photo of Anne Fitzgibbon

Marketed By Anne Fitzgibbon REALTOR® - Sales Associate 323-469-9870 m
323-671-1237 o
Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295

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Listing Agent

Joel Hopman | joel.hopman@nmrk.com
Lic#: 01934574
Broker: Courtesy of Newmark Cornish & Carey
Phone: 415-722-2200

Agent Remarks

340 Palo Alto Avenue consists of a charming single-story 2 bed 1 bath home on a +/- 0.2 acre lot with rare development potential in prime North Downtown Palo Alto. Ownership has filed an SB79 application to develop a 3-story, 6-luxry condo project. The +/- 1,500-1,550 sq. ft. 3 bedroom 3.5 bath premium condos will feature large terraces overlooking the tree-lined San Francisquito Creek. The property will feature a lobby entry with an elevator, two stairwells, privatized storage for each unit, at-grade parking, an interior trash/recycling room, all-electric service, and an attractive exterior façade consisting of painted brick and wood elements, a nod to its contemporary and greenbelt surroundings. Additionally, an option may exist to add a 7th penthouse suite unit which would be a larger +/- 1,800 sq. ft. residence on its own floor, with spectacular views. The property feeds to the #1 ranked school district in California; Addition Elementary, Greene Middle and Palo Alto High schools. The amenity-rich location is convenient to retail and restaurant options of University Avenue and Stanford Shopping Center, Caltrain Station, major transportation arteries, and world-class Silicon Valley employers.

Listing Details

Property type: Single Family Residence (Single Family)

Status: Active

MLS# ML82055000

Price: $6,300,000

Beds: 2

Baths: 1 (1 full)

Built in 1910

1,120 sqft

0.17 acres

Lot size: 0.1653

County: Santa Clara

Zoning: R1

Parking description: Off Street

Lot description: Level

Heating/cooling: None

Heating description: Forced Air

MLS area: 699 - Not Defined

Last Updated: 7/22/2026

Days On Market (DOM): 14

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.450470, -122.167139.
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Source: CRM. Also Available in ML82054496,

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Previous Listing

Photo of Anne Fitzgibbon

Anne Fitzgibbon REALTOR® - Sales Associate 323-469-9870 m
323-671-1237 o
Lic#: 00995175
NRDS ID: 175503628
AnneFitzgibbon@sbcglobal.net
Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212