Downtown Palo Alto Real Estate

Welcome to Downtown Palo Alto, a vibrant and dynamic neighborhood nestled in the heart of Silicon Valley. Known for its rich blend of historic charm and modern innovation, this area is not just a place to live; it's a lifestyle. With tree-lined streets, bustling cafés, and a diverse array of shops, Downtown Palo Alto offers a unique atmosphere that appeals to residents and visitors alike.

One of the standout features of this neighborhood is its strong sense of community. Locals gather at the renowned California Avenue Farmers' Market, where you can find fresh produce, artisanal goods, and local crafts. The area is also home to an eclectic mix of restaurants, from cozy bistros to upscale dining experiences, ensuring that there’s something to satisfy every palate.

For those who enjoy the arts, Downtown Palo Alto boasts a rich cultural scene, featuring galleries, theaters, and music venues that regularly host events and performances. The iconic Stanford Theatre, showcasing classic films, is a beloved staple for movie enthusiasts.

Education is paramount in Palo Alto, with top-rated schools and proximity to world-class institutions like Stanford University. The neighborhood’s parks and recreational facilities provide ample opportunities for outdoor activities, making it perfect for families and fitness enthusiasts.

With its prime location, Downtown Palo Alto offers easy access to major tech hubs and transportation options, making commuting a breeze. Whether you’re looking to enjoy a leisurely stroll through the historic district or explore the latest tech innovations, Downtown Palo Alto is a neighborhood that truly has it all. Experience the charm and excitement of this exceptional community today!

Newest Listings in Downtown Palo Alto

$4,595,000

2 Beds ⋅ 3 Baths ⋅ ML82052145 MLS

**A home as unique as you are.** Designed by renowned architect Joseph Bellomo for those who appreciate exceptional architecture, uncompromising craftsmanship, and a low-maintenance luxury lifestyle, this extraordinary residence stands alone in the Bay Area. Located in the heart of vibrant downtown Palo Alto, this iconic glass, concrete, and steel landmark showcases award-winning architecture with dramatic floor-to-ceiling glass, sculptural metal screening, and striking contemporary design. Enjoy year-round comfort with an advanced hydronic radiant floor heating/cooling system, extra-quiet double-insulated Low-E windows, and abundant natural light. Take the car elevator to the secure underground parking with two dedicated spaces, then take the elevator directly to the main courtyard. The thoughtfully designed floor plan features an open-concept kitchen, living and dining area, office, powder room, two luxurious bedroom suites, and upstairs laundry. Above it all is an extraordinary rooftop garden with 3 feet of soil and spectacular 360-degree views of downtown Palo Alto, the Bay Area, and surrounding foothills. More than a luxury condo, this is a rare architectural masterpiece and a once-in-a-generation opportunity to own one of Silicon Valley's most distinctive residences.

102 University AVE 3C, Palo Alto

Listed by Mark Martinho, 650-346-1595 from Vabrato
(If provided) CoList: Vivienne Kelvin from Vabrato

$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

$6,300,000

ML82054496 MLS

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

$10,500,000

ML82054084 MLS ⋅ 530 Webster Street BLDG.

A rare 16-unit trophy asset in the heart of Downtown Palo Alto. This stunning 1920s-era Spanish Colonial Revival building sits on a generous 15,000 SF lot with 11,035 SF of building area, half a block from University Avenue's renowned dining, shopping, and retail - an A+ location that speaks for itself. The unit mix features 9 1-bed/1-bath units and 7 oversized studios, almost all with updated kitchens and baths, and in-unit laundry in all large 1-bedroom units. The property is a showpiece: tile roofline, stucco exterior, arched windows/doorways, wrought-iron, and a lushly landscaped courtyard centered on a classic tiered fountain - the kind of building people stop to photograph. Ownership invested ~$1.3M in capital improvements in 2019, including new 400 AMP electrical panel, updated interior sub-panels, copper plumbing, Romex wiring, and exterior stucco refresh. 8 onsite garages, add'l storage, and dedicated laundry room. Recently signed June 2026 leases confirm market rents are achievable. Rarely does a property like this come to market - an architectural beauty in an irreplaceable location, offering stable in-place cash flow, proven rent upside, and the kind of curb appeal that simply can't be built today. A true once-in-a-generation opportunity for the discerning investor!

530 Webster ST, Palo Alto

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

$1,800,000

2 Beds ⋅ 2 Baths ⋅ ML82053610 MLS

All the benefits of downtown Palo Alto. None of the noise. Tucked into the back of a small 18-unit community on Forest Avenue, this two-level corner townhouse sits at the interior of the city block, insulated from the street, quiet in a way that takes you by surprise, with a private patio that catches the afternoon sun and holds it through sunset. The neighbors aren't above you or below you. Two blocks away, University Avenue's restaurants and boutiques are doing exactly what they always do. Caltrain is minutes away. Palo Alto's dedicated bike lane network makes the commute even easier. The home has been thoughtfully updated, with a renovated kitchen and refreshed baths that bring the interiors squarely into the present. New flooring throughout, an open living area, and sliding glass doors lead to that quiet patio. Two generous bedrooms upstairs. Two assigned secure underground parking spaces. A private community pool. In-unit laundry. Spend weekends exploring the neighborhood or traveling without a second thought For buyers stepping into Palo Alto from San Francisco or transitioning from a larger home nearby, 633 Forest Ave delivers the address, the schools, and the lifestyle in a form that works harder and requires less.

633 Forest AVE, Palo Alto

Listed by Robert Herzog, 650-804-8831 from Compass
(If provided) CoList: from

$3,988,000

2 Beds ⋅ 3 Baths ⋅ ML82053526 MLS

One of the most desirable units in this highly sought-after Palo Alto location: Woodmark at University Park. With its own private entry, the foyer leads to the elegant great room featuring high ceilings, hardwood floors, a spacious living area with fireplace flanked by built-in bookcases, dining area with designer pendant and library/office with custom cabinetry behind pocket doors. French doors create a seamless flow to the private patio, perfect for entertainment. The kitchen features stone countertops, high-end appliances, and counter seating. Bedroom ensuites are upstairs, including the primary with a seating area and spacious bathroom with soaking tub, step-in shower, and custom walk-in closet. Set on a quiet walk way adjacant to Heritage Park, within strolling distance to University Avenue, Farmers Market, Town and Country Village, Whole Foods, Stanford, and outstanding Palo Alto Schools. Two secured parking spaces, storage unit, and bike storage.

325 Channing AVE 112, Palo Alto

Listed by Judy Decker, 650-799-4294 from Compass
(If provided) CoList: from

$1,800,000

2 Beds ⋅ 2 Baths ⋅ ML82051763 MLS ⋅ Tha Palo Alto BLDG.

Experience luxury living in the heart of downtown Palo Alto, the area's only full-service high-rise residence. This beautifully remodeled corner unit is filled with natural light and showcases breathtaking panoramic views through dramatic floor-to-ceiling glass walls. Designed with exceptional attention to detail, this sophisticated residence features premium architectural finishes, new stainless steel appliances, quartz countertops, designer bathrooms, contemporary lighting, and a refined modern color palette. Widely regarded as one of the finest residences in downtown Palo Alto, it offers an unparalleled combination of style, comfort, and convenience.Residents enjoy 24/7 concierge and security services, along with an impressive collection of resort-style amenities, including a state-of-the-art fitness center, business center, library and game room, children's playroom, picnic and BBQ areas, on-site storage, and commercial laundry and dry-cleaning pickup and delivery.Ideally located just minutes from Stanford University, University Avenue's renowned shopping and dining, Caltrain, and top-rated Palo Alto schools. Commuters will appreciate easy access to major technology employers and Highways 101 and 280.Move in today and enjoy the very best of downtown Palo Alto living.

101 Alma ST 301, Palo Alto

Listed by Xiaozhu Kang, 650-683-6888 from Coldwell Banker Realty
(If provided) CoList: Susan Sun from Coldwell Banker Realty

$4,495,000

ML82051993 MLS

235 Alma St. offers a rare opportunity to own a uniques office or live/work property in the heart of DT Palo Alto. This meticulously updated (2025) property features two structures, totaling approx. 3,940 SF, situated on +/- 5,625 SF parcel. The main building spans multiple levels and includes freshly renovated interiors with clean, modern finishes, while the second structure provides adaptable office or flex space. Recent exterior renovations and professional landscaping have created an inviting environment complemented by abundant natural light throughout both buildings. Onsite and nearby street parking options add convenience for occupants and visitors alike. The location offers unmatched connectivity with close proximity to the PA Caltrain Station, ensuring easy commuter access throughout the Peninsula and Silicon Valley. Property zoning is CD-N(P) which provides for commercial and office uses. The property can be used as SFR as a grandfathered use per written letter with city of Palo Alto.

235 Alma ST, Palo Alto

Listed by David O'such, 650-465-1100 from Cornish & Carey Commercial
(If provided) CoList: from

$12,500,000

ML82051028 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

$2,280,000

2 Beds ⋅ 2 Baths ⋅ ML82049717 MLS ⋅ The Palo Alto BLDG.

GRAND LIVING WITH SPECTACULAR VIEWS. Experience elevated living in this fully upgraded, high-floor corner residence offering breathtaking panoramic views. Floor-to-ceiling windows showcase sweeping vistas across Stanford Campus to the Western Hills, and north toward San Francisco, delivering stunning sunsets and sparkling city lights each evening. This spacious 2 beds, 2 bath home features an open and airy floor plan with expansive living and dining areas, perfect for both relaxing and entertaining. Multiple hallway closets provide generous in-unit storage. The home has been thoughtfully updated with high-end finishes, including custom LEICHT cabinetry, Thermador refrigerator, wine fridge, oven, microwave and dishwasher, quartz countertops, and hardwood flooring throughout. Both bathrooms have been recently renovated with new tile, modern vanities, and updated fixtures. Top public schools. Ideally located just moments from Downtown Palo Alto, Menlo Park, Stanford Shopping Center, and Stanford University. 1 storage and 1 assigned parking with EV charging point, possible to apply 2nd parking. Full-service amenities include on-site staff, 24-hour reception and security, pool, fitness center, and more. Took 14 months to renovate. Don't miss this rare to find high floor corner unit!

101 Alma ST 907, Palo Alto

Listed by Jessie Li, 408-676-9889 from Intero Real Estate Services
(If provided) CoList: from

$3,350,000

ML82049696 MLS

727-729 Waverley St offers apartment investors an exceptional opportunity to acquire an income-producing property in one of the strongest rental markets in the world. Located just two blocks from the heart of downtown Palo Alto in the University South Neighborhood where only 7 multifamily (5+ units) properties have sold in the past 10 years. The property consists of six 1-bedroom, 1-bathroom units and two nonconforming bachelor studios (bedroom and bathroom only). Situated on a 7,500-square-foot lot with RM-30 zoning in the predominantly residential University South neighborhood, the property has been well maintained with updated electrical panels, a new rear stairway (all sb721 required EEEs passed inspection in "sound condition"), and numerous additional repairs completed as needed. Current rents are below market, presenting significant upside potential for a new owner, with three units immediately available for rent increases. Residents also benefit from an on-site leased coin-operated laundry facility serving all units. (note: the property address is 727-729 Waverley, 2 buildings on one lot)

729 Waverley ST, Palo Alto

Listed by Bryan Danforth, 650-274-5227 from Compass
(If provided) CoList: Matthew Thomson from Compass

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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 Compass 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.