Nestled on a gorgeous and private lot in one of Palo Altos most coveted neighborhoods, this house offers timeless sophistication, exceptional design, and resort-like living. A spectacular great room boasts beamed & vaulted ceilings, walls of windows, 10 skylights, a striking metal fireplace surround, and a Chefs kitchen. Formal rooms include an open entry, an elegant dining room, and a living room with coved ceiling, fireplace, and built-in bookcases. The primary bedroom suite has vaulted high ceilings, double doors to the central courtyard with fire pit, and custom metal barn doors to the beautiful spa-like bathroom and grand walk-in closet. The first floor also holds a second en suite bedroom and an elegant half bath. The second floor boasts two carpeted bedrooms and two bathrooms; one bedroom is en suite with two walk-in closets . The large professionally landscaped lot offers multiple spaces for outdoor entertainment and activities such as a custom regulation-size bocce court, a pool and hot tub with waterfall and a wonderful Ipe lounging deck, outdoor kitchen and al fresco dining in the incredible pavilion that includes a fireplace, radiant heat, TV and half bath. Additional features include a mudroom, a laundry room, and an oversized 2-car attached garage.
Sold for $7,850,000
$7,850,000
1661 University Ave, Palo Alto, CA 94301
4beds
4,527sqft
Single Family Residence, Residential
Built in 1955
0.34 Acres Lot
$7,711,900 Zestimate®
$1,734/sqft
$5,258 Estimated rent
Home value
$7,711,900
$7.09M - $8.41M
$5,258/mo
Zestimate® history
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List your homeWhat's special
Metal fireplace surroundCustom regulation-size bocce courtSpa-like bathroomWalls of windowsBuilt-in bookcasesGorgeous and private lotProfessionally landscaped lot
Zillow last checked:
Listing updated:
Listed by:
Brian Chancellor 01174998 650-303-5511,
Christie's International Real Estate Sereno 650-323-1900
Bought with:
, 00758189
Compass
Source: MLSListings Inc,MLS#: ML82007039
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Rooms
- Room types: Basement, Great Room, Laundry, Utility Room
Bedroom
- Features: GroundFloorBedroom, PrimarySuiteRetreat, WalkinCloset, PrimaryBedroomonGroundFloor, BedroomonGroundFloor2plus, PrimaryBedroom2plus
Bathroom
- Features: DoubleSinks, PrimaryStallShowers, OutsideAccess, ShowerandTub, StallShower, SteamShower, Tub, FullonGroundFloor, PrimaryOversizedTub, OversizedTub
Dining room
- Features: BreakfastBar, BreakfastNook, EatinKitchen, FormalDiningRoom
Family room
- Features: KitchenFamilyRoomCombo
Kitchen
- Features: Countertop_Stone, ExhaustFan, IslandwithSink, Pantry, Skylights
Heating
- Central Forced Air, Radiant Floor
Cooling
- Central Air, Zoned
Appliances
- Included: Dishwasher, Exhaust Fan, Range Hood, Double Oven, Gas Oven/Range, Wine Refrigerator, Dryer, Washer, Washer/Dryer
- Laundry: Inside
Features
- High Ceilings, One Or More Skylights, Video Audio System, Walk-In Closet(s), Security Gate
- Flooring: Carpet, Concrete, Hardwood
- Basement: Unfinished
- Number of fireplaces: 5
- Fireplace features: Family Room, Gas, Living Room, Other, Outside, Wood Burning
Interior area
- Total structure area: 4,527
- Total interior livable area: 4,527 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Electric Vehicle Charging Station(s), Electric Gate, Enclosed, Parking Area
- Attached garage spaces: 2
Features
- Stories: 2
- Patio & porch: Balcony/Patio, Deck
- Exterior features: Back Yard, Barbecue, Fenced, Gazebo, Courtyard, Fire Pit
- Pool features: Cabana Dressing Room, Pool Cover, Heated, In Ground, Pool/Spa Combo
- Spa features: Other, Cover, Pool/SpaCombo, Spa/HotTub
- Fencing: Gate
Lot
- Size: 0.34 Acres
- Features: Level
Details
- Additional structures: Cabana, Other
- Parcel number: 00309022
- Zoning: R1929
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Custom,Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter
- Roof: Shake, Shingle
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Gas: PublicUtilities
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $1,734/sqft
- Tax assessed value: $5,109,326
- Annual tax amount: $62,336
- Date on market: 5/15/2025
- Listing agreement: ExclusiveAgency
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Sold | $7,850,000-6.5%$1,734/sqft |
Source:  MLSListings Inc #ML82007039 Report a problem | ||
| 8/20/2025 | Pending sale | $8,395,000$1,854/sqft |
Source: MLSListings Inc #ML82007039 Report a problem | ||
| 7/12/2025 | Price change | $8,395,000-4.1%$1,854/sqft |
Source: MLSListings Inc #ML82007039 Report a problem | ||
| 6/18/2025 | Listed for sale | $8,750,000$1,933/sqft |
Source: MLSListings Inc #ML82007039 Report a problem | ||
| 6/13/2025 | Contingent | $8,750,000$1,933/sqft |
Source: MLSListings Inc #ML82007039 Report a problem | ||
| 5/15/2025 | Listed for sale | $8,750,000+124.4%$1,933/sqft |
Source: MLSListings Inc #ML82007039 Report a problem | ||
| 11/17/2011 | Sold | $3,899,750-6.7%$861/sqft |
Source: Public Record Report a problem | ||
| 10/29/2011 | Pending sale | $4,180,000$923/sqft |
Source: Alain Pinel Realtors - Menlo Park #81139781 Report a problem | ||
| 9/17/2011 | Listed for sale | $4,180,000-4.6%$923/sqft |
Source: Alain Pinel Realtors #81139781 Report a problem | ||
| 8/9/2011 | Listing removed | $4,380,000$968/sqft |
Source: Alain Pinel Realtors - Menlo Park #81115118 Report a problem | ||
| 4/8/2011 | Listed for sale | $4,380,000$968/sqft |
Source: Alain Pinel Realtors - Menlo Park #81115118 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $62,336 +4.3% | $5,109,326 +2% |
| 2024 | $59,760 +1.5% | $5,009,144 +2% |
| 2023 | $58,884 +1.2% | $4,910,926 +2% |
| 2022 | $58,212 +2% | $4,814,635 +2% |
| 2021 | $57,065 +2.1% | $4,720,232 +1% |
| 2020 | $55,869 | $4,671,833 +2% |
| 2019 | $55,869 +4% | $4,580,230 +2% |
| 2018 | $53,718 | $4,490,422 +2% |
| 2017 | $53,718 +1.8% | $4,402,376 +2% |
| 2016 | $52,776 +7.9% | $4,316,056 +5.7% |
| 2015 | $48,931 +2.1% | $4,083,729 +2.2% |
| 2014 | $47,945 | $3,996,059 +0.5% |
| 2013 | -- | $3,978,000 +2% |
| 2012 | -- | $3,900,000 +968.7% |
| 2011 | -- | $364,916 +0.8% |
| 2010 | -- | $362,189 -0.2% |
| 2009 | -- | $363,050 +2% |
| 2008 | -- | $355,933 +2% |
| 2007 | -- | $348,955 +2% |
| 2006 | -- | $342,114 +2% |
| 2005 | -- | $335,407 +2% |
| 2004 | -- | $328,832 +1.9% |
| 2003 | -- | $322,806 +2% |
| 2002 | -- | $316,477 +2% |
| 2001 | -- | $310,272 |
Find assessor info on the county website
Neighborhood: Crescent Park
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10Duveneck Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 1.4 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: DuveneckElementary
- Middle: DavidStarrJordanMiddle_1
- High: PaloAltoHigh
- District: PaloAltoUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$7,711,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$7,711,900
- California
- Santa Clara County
- Palo Alto
- 94301
- Crescent Park
- 1661 University Ave
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