Downtown Palo Alto Homes for Sale

Welcome to Downtown Palo Alto, a vibrant and dynamic neighborhood that perfectly blends the charm of small-town living with the conveniences of a bustling urban center. Nestled in the heart of Silicon Valley, this area is renowned for its rich history, innovative spirit, and a strong sense of community. With tree-lined streets, picturesque parks, and an array of boutiques and eateries, Downtown Palo Alto offers an inviting atmosphere that appeals to residents and visitors alike.

As a hub of cultural and intellectual activity, Downtown Palo Alto is home to Stanford University, which adds a youthful energy and a wealth of educational opportunities to the neighborhood. Residents enjoy easy access to world-class dining, shopping, and entertainment options, including the iconic Stanford Shopping Center and a variety of local farmers' markets that showcase the best of California’s fresh produce.

For those considering a move, there are a variety of homes for sale in Downtown Palo Alto, ranging from charming historic bungalows to modern condos and luxurious estates. Whether you’re a first-time homebuyer or looking to invest in a prestigious property, this neighborhood offers something for everyone. The real estate market here is competitive, reflecting the desirability of the area and its proximity to major tech companies and vibrant community amenities.

Experience the allure of Downtown Palo Alto, where innovation meets tradition, and community thrives. With its exceptional quality of life, diverse housing options, and a welcoming atmosphere, it’s no wonder that so many are eager to call this neighborhood home. Explore the homes for sale today and discover your perfect place in this remarkable community!

Newest Downtown Palo Alto Homes for Sale

$12,500,000

7 Beds ⋅ 7 Baths ⋅ ML82057145 MLS

This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.

640 Waverley ST, Palo Alto

Listed by Frank De Bernardo, 831-901-2324 from eXp Realty of Northern California, Inc.
(If provided) CoList: from

$6,300,000

2 Beds ⋅ 1 Baths ⋅ ML82055000 MLS

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.

340 Palo Alto AVE, Palo Alto

Listed by Joel Hopman, 415-722-2200 from Newmark Cornish & Carey
(If provided) CoList: from

$2,298,000

2 Beds ⋅ 1 Baths ⋅ ML82053953 MLS

Nestled on a quiet, court-like street with no homes directly across creating a peaceful, cul-de-sac feel, this delightful 2-bedroom, 1-bath cottage offers the perfect blend of privacy, charm, and convenience. Situated directly across from scenic San Francisquito Creek, you'll enjoy a tranquil setting while being just a short stroll to downtown Palo Alto, Stanford University, Caltrain, acclaimed restaurants, and boutique shopping. Filled with timeless character and light, the home features inviting living spaces, mature fruit trees, a detached one-car garage, and a long driveway that accommodates 3 to 4 additional vehicles an exceptional amenity in this coveted neighborhood. Enjoy the privacy of a single family home, better than a condo with no HOA fees. Ideal as a primary residence, pied a terre, or investment in a coveted Palo Alto location. Located within the highly acclaimed Palo Alto school district (buyer to verify enrollment).

622 Palo Alto AVE, Palo Alto

Listed by Angela K. Galatolo, 650-704-8168 from The Agency
(If provided) CoList: from

$2,650,000

3 Beds ⋅ 2 Baths ⋅ ML82049695 MLS

Presenting a thoughtfully updated home in one of the most convenient locations in north Palo Alto -- just a few short blocks from the beating-heart of downtown Palo Alto | Situated behind an unassuming privacy fence and gate, this house delivers a fresh perspective of urban living without sacrificing privacy | 3 bd, 2 ba + separate office + kid's play room + laundry room | versatile great room open concept floor plan | Stylishly updated interiors -- newer European styled kitchen has bar seating, stainless steel appliances & kitchen sink and custom cabinets + deep drawers plus 2 spacious and fully remodeled baths | brand new split system for heating & cooling (2 units) | newer interior wall paint | recessed lighting through out; newer double-paned windows | JW wood sliding glass doors have built-in mini blinds | all 3 bedrooms + kid's play room are at the back of the property | finished garage fit for flexible use has recessed lights, painted floor, sliding door to the back yard & automatic door opener. ADDED BONUS: front yard open air parking pad for extra cars | Steps away from neighborhood parks & pedestrian/bike street | quick access to major commuting routes | close to Stanford and major Silicon Valley employers | This is a rare offering of comfort, style and connectivity

150 Middlefield RD, Palo Alto

Listed by Julie Lau, 650-208-2287 from Coldwell Banker Realty
(If provided) CoList: from

$1,975,000

3 Beds ⋅ 3 Baths ⋅ ML82043360 MLS

Exceptional investment opportunity in the heart of Downtown Palo Alto. Updated three unit building featuring three 1 bedroom, 1 bath units, each with refreshed kitchens and baths plus in-unit laundry for each. Two units enjoy private outdoor patios. One unit includes an attached garage for storage. Fully leased building with consistent, strong tenant demand. Ideally located just steps from downtown dining and shops, and less than a mile from Stanford University, Stanford Hospital and Stanford Shopping Center, plus easy commute to Silicon Valley tech companies. Its unmatched location and consistent tenant appeal make it a compelling choice for investors seeking reliable income and longterm upside in a great downtown Palo Alto location.

270 Everett AVE, Palo Alto

Listed by Kelly Griggs, 650-464-1965 from Coldwell Banker Realty
(If provided) CoList: Billy McNair from Coldwell Banker Realty

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Legacy Real Estate Inc are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.