578 Oregon AVE, Palo Alto, CA 94301
- $9,500,000
Listed by Jolaine & Jack Woodson, 650-740-9694 from Compass
(If provided) CoList: from
Sold listing courtesy of Loveless Team from NTERO
- Sold Price
- $9,500,000
- List Price
- $10,000,000
- Closing Date
- Sep 05, 2025
- MLS#
- ML81992737
- Status
- SOLD
- Zoning
- R1
- Lot Size
- 47,340
- Neighborhood
- Midtown
Property Description
This is an exceptional opportunity in the sought-after Midtown neighborhood a 1.08-acre parcel offering immense redevelopment potential. Potentially requiring rezoning for Planned Community residential, this rare opportunity would transform this parcel. Currently configured with 8 tenant-occupied cottages, this property also presents subdivision possibilities, opening doors for a visionary development. Positioned in the heart of this highly sought-after area, the centrally located site offers close proximity to Stanford University, tech hubs, local parks and shops, plus acclaimed Palo Alto schools. It is an outstanding prospect for investors or developers who seek to capitalize on a rare chance to transform prime real estate in a coveted Silicon Valley location.
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Additional Information
- Acres
- 1.09
- Development Status
- Final Map Pending, Improvements - Other, Lot Split Possible, May Not Be Subdivided
- Existing Crops
- None
- Fence
- Mixed Height / Type, Wood
- Lot Description
- Grade - Level, Possible Lot Split, Regular
- Lot Size
- 47,340
- Neighborhood
- Midtown
- Other Utilities
- Electricity - On Site, Gas - On Site, Natural Gas, Public Utilities
- Parcel Access
- Accessible, Private Road - Share Access
- Present Use
- Multi-Family, Multiple Dwelling, Residential
- Sewer
- Sewer - Public, Sewer Connected
- Zoning
- R1
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