This meticulously updated Spanish-style home is the epitome of luxury living, featuring rich hardwood floors, bespoke cabinetry, high-end finishes, and exquisite architectural details throughout. The living room features a grand fireplace and exposed beamed ceiling. A gracious dining room opens to the patio, encouraging indoor/outdoor entertaining. The gourmet kitchen, a chef's delight, boasts sleek soapstone countertops, complemented by a premium selection of Miele and Sub-Zero appliances. An en-suite bedroom on the main level is ideal for guests or use as an elegant home office. Ascend to the upper level to find the luxurious primary suite with a spa-inspired bathroom. There are four additional bedrooms upstairs, each providing access to a charming wrap-around balcony. Adding to the allure, the owner has artfully restored the period baths, marrying new materials with the original aesthetic to preserve the home's historical essence. The backyard is a true oasis, offering diverse living/dining areas, a glistening pool, water fountain, sport court, and lush landscaping. Located in the coveted Crescent Park neighborhood of Palo Alto, this residence delivers an unparalleled lifestyle of peace, sophistication & convenience. Close to downtown Palo Alto and easy access to Hwy 101.
Sold for $8,300,000
Street View
$8,300,000
40 Crescent Dr, Palo Alto, CA 94301
6beds
4,898sqft
Single Family Residence, Residential
Built in 1936
0.39 Acres Lot
$9,385,400 Zestimate®
$1,695/sqft
$9,759 Estimated rent
Home value
$9,385,400
$8.35M - $10.61M
$9,759/mo
Zestimate® history
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List your homeWhat's special
Sport courtGrand fireplaceWater fountainLuxurious primary suiteLuxury livingHigh - end finishesPeriod baths
Zillow last checked:
Listing updated:
Listed by:
The Dreyfus Group 70010094 650-485-3476,
Golden Gate Sotheby's International Realty 650-847-1141
Bought with:
Lan L. Bowling, 01248958
Keller Williams Palo Alto
Source: MLSListings Inc,MLS#: ML81955046
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Rooms
- Room types: Office
Bedroom
- Features: GroundFloorBedroom, PrimarySuiteRetreat, WalkinCloset
Bathroom
- Features: DoubleSinks, ShowerandTub, StallShower2plus, Tile, UpdatedBaths, FullonGroundFloor
Dining room
- Features: FormalDiningRoom
Family room
- Features: SeparateFamilyRoom
Kitchen
- Features: Countertop_Stone, Island, Pantry
Heating
- Central Forced Air Gas, Radiant
Cooling
- None
Appliances
- Included: Gas Cooktop, Washer/Dryer
- Laundry: Upper Floor
Features
- Video Audio System, Open Beam Ceiling, Walk-In Closet(s)
- Flooring: Hardwood, Tile
- Number of fireplaces: 1
- Fireplace features: Gas Starter, Living Room, Wood Burning
Interior area
- Total structure area: 4,898
- Total interior livable area: 4,898 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Off Street
- Attached garage spaces: 2
Features
- Stories: 2
- Patio & porch: Balcony/Patio
- Pool features: Heated
Lot
- Size: 0.39 Acres
Details
- Parcel number: 00309027
- Zoning: R1929
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Tile
Condition
- New construction: No
- Year built: 1936
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $1,695/sqft
- Tax assessed value: $8,466,000
- Annual tax amount: $101,757
- Date on market: 2/22/2024
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2024 | Sold | $8,300,000-1.2%$1,695/sqft |
Source:  MLSListings Inc #ML81955046 Report a problem | ||
| 5/6/2024 | Pending sale | $8,400,000$1,715/sqft |
Source: MLSListings Inc #ML81955046 Report a problem | ||
| 4/11/2024 | Price change | $8,400,000-5.1%$1,715/sqft |
Source: MLSListings Inc #ML81955046 Report a problem | ||
| 2/22/2024 | Listed for sale | $8,850,000-13.7%$1,807/sqft |
Source: MLSListings Inc #ML81955046 Report a problem | ||
| 5/31/2023 | Listing removed | -- |
Source:  MLSListings Inc #ML81921683 Report a problem | ||
| 3/16/2023 | Listed for sale | $10,250,000$2,093/sqft |
Source: MLSListings Inc #ML81921683 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $101,757 +165.8% | $8,466,000 +160% |
| 2024 | $38,284 +1.5% | $3,255,813 +2% |
| 2023 | $37,725 -1.1% | $3,191,974 +2% |
| 2022 | $38,150 +2% | $3,129,387 +2% |
| 2021 | $37,398 +2.1% | $3,068,028 +1% |
| 2020 | $36,620 | $3,036,570 +2% |
| 2019 | $36,620 +4% | $2,977,030 +2% |
| 2018 | $35,214 | $2,918,658 +2% |
| 2017 | $35,214 +1.8% | $2,861,431 +2% |
| 2016 | $34,596 +3.7% | $2,805,325 +1.5% |
| 2015 | $33,364 +2% | $2,763,187 +2% |
| 2014 | $32,720 | $2,709,061 +0.5% |
| 2013 | -- | $2,696,819 +2% |
| 2012 | -- | $2,643,941 +2% |
| 2011 | -- | $2,592,100 +0.8% |
| 2010 | -- | $2,572,728 -0.2% |
| 2009 | -- | $2,578,841 +2% |
| 2008 | -- | $2,528,276 +2% |
| 2007 | -- | $2,478,703 +2% |
| 2006 | -- | $2,430,102 +2.4% |
| 2005 | -- | $2,373,596 +2.5% |
| 2004 | -- | $2,315,544 +1.9% |
| 2003 | -- | $2,273,106 +2% |
| 2002 | -- | $2,228,536 +2% |
| 2001 | -- | $2,184,840 |
Find assessor info on the county website
Neighborhood: Crescent Park
Nearby homes
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- $4,048,4004 bd3 ba2.5k sqft16 Crescent Dr, Palo Alto, CA 94301Off Market
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Nearby schools
GreatSchools rating
- 9/10Duveneck Elementary SchoolGrades: K-5Distance: 0.8 mi
- 9/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 1.4 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 1.6 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
$9,385,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$9,385,400
- California
- Santa Clara County
- Palo Alto
- 94301
- Crescent Park
- 40 Crescent Dr
Nearby cities
Nearby neighborhoods
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