Downtown Palo Alto Real Estate

Welcome to Downtown Palo Alto, a vibrant neighborhood nestled in the heart of Silicon Valley, California. Known for its rich blend of history, innovation, and culture, Downtown Palo Alto offers an exceptional living experience that attracts residents and visitors alike.

As you stroll through the tree-lined streets, you’ll be captivated by the charming architecture that reflects the area’s historical roots while embracing modern design. Downtown is home to a diverse array of boutiques, artisanal shops, and trendy cafes, making it a shopper's paradise and a food lover's dream. Enjoy a leisurely afternoon at one of the local eateries, where you can savor everything from gourmet brunches to international cuisine.

For those who appreciate the arts, Downtown Palo Alto is a cultural hub. The neighborhood boasts several galleries, theaters, and performance spaces, showcasing local talent and hosting events throughout the year. The iconic Stanford Theatre, a beautifully restored movie palace, is a must-visit for film enthusiasts.

Families will appreciate the excellent educational opportunities available, with top-rated schools and proximity to prestigious institutions like Stanford University. Additionally, the area is well-connected with public transportation options, making commuting a breeze.

Nature lovers can enjoy nearby parks and green spaces, perfect for outdoor activities and relaxation. Whether you’re taking a leisurely walk in Lytton Plaza or enjoying a picnic at the beautiful Rinconada Park, the natural beauty of the area is always within reach.

Downtown Palo Alto is more than just a place to live; it’s a thriving community filled with opportunities, charm, and a sense of belonging. Come discover the magic of this remarkable neighborhood!

Newest Listings in Downtown Palo Alto

$4,298,000

3 Beds ⋅ 4 Baths ⋅ ML82060684 MLS

A rare find just minutes from Palo Alto's vibrant downtown, this quality-constructed home seamlessly blends timeless elegance with modern convenience. Thoughtfully designed with sophisticated details throughout, the residence features crown molding, plantation shutters, and custom cabinetry. The main level showcases beautiful hickory hardwood floors and a living room centered around a fireplace with a marble surround. An open-concept dining room flows effortlessly into the spacious family room and chef's kitchen, outfitted with a generous center island and top-tier appliances Upstairs, two luxurious en-suite bedrooms offer peaceful retreats, highlighted by a primary suite with a vaulted ceiling and a spa-inspired bath. Outside, manicured, low-maintenance landscaping and a back patio complement a charming covered porch that extends your living space into the outdoors. Adding exceptional versatility, the detached 2 car garage features an upper-level studio complete with a full kitchen, bath, walk-in closet, and dedicated parking space perfect for hosting guests, a private home office, or rental income. Situated on a prime corner lot adjacent to Heritage Park, this turn-key property offers an unmatched lifestyle just moments from top-rated schools, Stanford, and major tech hubs.

872 Waverley ST, Palo Alto

Listed by The Dreyfus Group, 650-485-3476 from Golden Gate Sotheby's International Realty
(If provided) CoList: from

$1,089,000

2 Beds ⋅ 1 Baths ⋅ ML82060225 MLS ⋅ Ramona Townhouses BLDG.

Enjoy the best of Downtown Palo Alto living from this spacious 2bed/1bath condominium just moments from the heart of University Avenue. With approximately 1100sf of comfortable living space, this recently updated first-floor home offers an easy indoor-outdoor lifestyle, highlighted by a large, private front patio ideal for morning coffee, outdoor dining, or relaxing with friends, plus a rear patio. Step outside and leave the car behind. Whole Foods, neighborhood cafes, acclaimed restaurants, farmers market, parks, shops, everyday conveniences, and the Palo Alto Transit Center are all just a few blocks away, putting downtown life within effortless reach. Easy access to Stanford, Silicon Valley, San Francisco. The home includes deeded covered parking within a secure parking area, a valuable convenience in this highly walkable location. EV charging in permit process per HOA. Check out City of PA Downtown Residential Parking Permit Program for availability of additional permitted street parking. Living Space Square Footage: 1088sf per county records; 1108sf per floor plan measurement. Whether your primary home or the perfect pied-a-terre, this home offers a rare opportunity to combine generous living space, private outdoor areas, and an exceptional downtown Palo Alto setting.

722 Ramona ST, Palo Alto

Listed by Dan Ziony, 650-201-1010 from Compass
(If provided) CoList: Robert Purnell from Compass

$3,488,843

3 Beds ⋅ 3 Baths ⋅ ML82058888 MLS

Step into your own private sanctuary at 302 Channing Avenue, a residence that perfectly balances the energy of downtown Palo Alto with the quietude of a secluded retreat. Tucked behind a discreet front gate, this home immediately feels like your own little world, offering a sense of calm and privacy that is rare to find so close to the action. The interior is a showcase of sophisticated, high-end finishes where every detail has been thoughtfully curated. From the rich flooring to the designer fixtures, the aesthetic is timeless yet modern. The layout flows effortlessly, creating an inviting atmosphere that's as suited for intimate evenings as it is for lively gatherings. With a kitchen that would delight any chef and living spaces bathed in natural light, the home feels both expansive and cozy. This is truly a turn-key opportunity. Every inch of the property has been meticulously maintained, allowing you to move right in and start enjoying the lifestyle from day one. When you do decide to venture out, you're just moments away from the world-class dining, premier shopping, and vibrant coffee culture of University Avenue. Experience the best of Palo Alto living in a home that offers a beautiful escape without sacrificing proximity to the heart of the city.

302 Channing AVE, Palo Alto

Listed by DonnaMarie Baldwin, 650-796-6080 from Compass
(If provided) CoList: from

$3,750,000

1 Beds ⋅ 1 Baths ⋅ ML82059476 MLS

RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.

246 Palo Alto AVE, Palo Alto

Listed by Julie Tsai Law, 650-799-8888 from Compass
(If provided) CoList: from

$1,680,000

2 Beds ⋅ 2 Baths ⋅ ML82058912 MLS ⋅ Victorian Townhouse Association BLDG.

Rarely available Victorian townhome in the heart of downtown Palo Alto, Ideally located just one block from Whole Foods and three blocks from the Caltrain station. This charming 1,290 sq. ft. residence features two bedrooms and one full bath with both a shower and tub on the upper level, along with convenient in-home laundry. A half bath is located on the main floor. The home showcases newly refinished red oak hardwood floors, double-pane Marvin windows, updated lighting, and fresh interior paint throughout. The inviting living room features a wood-burning fireplace, while radiant floor heating provides year-round comfort. Abundant natural light pours in through a skylight, and the high bedroom ceilings enhance the home's spacious feel. A private patio adjacent to the kitchen and dining area creates an ideal setting for outdoor dining and entertaining. The Victorian Townhouse Association consists of just seven homes, offering a boutique residential setting. Additional amenities include a shared paved driveway and two assigned parking spaces.

755 Ramona ST, Palo Alto

Listed by Elizabeth Elliott Maulick, 650-799-3130 from Compass
(If provided) CoList: from

$1,495,000

2 Beds ⋅ 2 Baths ⋅ ML82058751 MLS ⋅ 101 Alma BLDG.

Modern luxury with breathtaking views in downtown Palo Alto! Completely updated with walls of glass, designer hardware, clean lines, engineered flooring, fresh paint and chic style throughout. Open floorplan concept with an abundance of natural light. A stylish yet functional kitchen with stainless appliances, custom cabinetry, sleek counters and comfortable breakfast bar. Two bathrooms, including a primary ensuite with walk in showers, marble mosaic tiling, frameless glass floating toilets, sharp lighting and elegant vanities. In unit laundry included. Formal entry, plenty of closet space and central hall leading to two private bedrooms. 5 star amenities that include concierge, pool, fitness center, club room and pool. A+ corner location with western views of the community pool and grounds. Stanford University, the surrounding hills and incredible sunsets. Close proximity to all that Palo Alto has to offer - vibrant downtown shops and restaurants, Stanford Shopping Center, Standford University, parks, recreation and public transportation.

101 Alma ST 503, Palo Alto

Listed by Mike Bohnert, 650-504-2378 from Coldwell Banker Realty
(If provided) CoList: from

$11,000,000

ML82056815 MLS

* Nestled in the heart of Downtown Palo Alto University South, one of Palo Altos most desirable neighborhood and a few minutes away from Palo Alto CALTrain station. * The property presents a rare opportunity to own a 14-unit multi-family property offering both strong income and long-term growth potential. * Built in 1961 on an expansive 17,500 sqft (0.40 acre) lot, this 2-story building features approximately12,830 sqft of living area, (740-1100 sqft per unit, buyer to verify square footage). * All the units have 3-4 sided independent walls & balconies, granite slab, newer appliances and fixtures. Most have dishwasher, washer and dryer in unit. * The property's beautifully landscaped grounds are a standout feature with a variety of mature fruit trees & a peaceful garden courtyard that creates a serene atmosphere for residents. * The 1- & 2-bed apartments' actual rents ($2,900 -$5,100/mo) in one of the regions strongest rental markets. * 11 units were remodeled in 2022-2023 and the rest of 3 units were updated approximately 10 years ago. * Roof, gutter, furnaces, windows, hot water heaters, circulator etc. were replaced over the years of ownership. * Ample off-street permitted parking & on-site laundry facilities. * Deck, property & termite reports available. * An A+ property.

837 Cowper ST, Palo Alto

Listed by Monica Yeung Arima, 650-888-4116 from Yarkin Realty
(If provided) CoList: from

$3,750,000

3 Beds ⋅ ML82058116 MLS

235 Alma offers a rare opportunity to own a unique office or live/work property in the heart of Downtown Palo Alto. The property is zoned CD-N (P) and the home has been used for SFR. SFR use is permitted non-conforming use. This meticulously updated (2025) property features two structures totaling approximately. 3940 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 conveninece for occupants and visitors alike. The location is in close proximity to the PA Caltrain station and SB 79 is potentially applicable to this property.

235 Alma ST, Palo Alto

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

$1,700,000

2 Beds ⋅ 2 Baths ⋅ ML82057529 MLS

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 valley, 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 closets provide generous in-unit storage. The home has been thoughtfully updated with high-end modern finishes, hardwood flooring throughout. Both bathrooms have been completely renovated. 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. Condo is tastefully furnished, designer-selected pieces including Holmes leather sofas and Herman Miller chairs can be included in the sale.

101 Alma ST 806, Palo Alto

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

$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

$11,000,000

5 Beds ⋅ ML82056833 MLS

837 Cowper ST, Palo Alto

Listed by Monica Yeung Arima, 650-888-4116 from Yarkin Realty
(If provided) CoList: from

$3,950,000

ML82056530 MLS

510 Waverley ST, Palo Alto

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

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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 Keller Williams Thrive 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.