$6,300,000

340 Palo Alto AVE, Palo Alto CA, 94301

Price per sqft$875.00

Lot size0.17 Acres

Property typeLand

Overview

Active

Listed Jul 16, 2026

Updated 2 days ago

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 fa?ade 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. T

Additional information

MLS^® ID: 82054496ML

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Association Fee Frequency: Monthly

Listed by Joel Hopman with Newmark Cornish & Carey
Listing Contact: 415-722-2200

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Robin D. Mitchell | Mitchell CRE Group | CA DRE# 02004841 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 10/24/2026