This is an exceptional opportunity in the sought-after Midtown neighborhood a 1.08-acre parcel offering immense redevelopment potential. Potentially requiring rezoning for Planned Community residential, this rare opportunity would transform this parcel. Currently configured with 8 tenant-occupied cottages, this property also presents subdivision possibilities, opening doors for a visionary development. Positioned in the heart of this highly sought-after area, the centrally located site offers close proximity to Stanford University, tech hubs, local parks and shops, plus acclaimed Palo Alto schools. It is an outstanding prospect for investors or developers who seek to capitalize on a rare chance to transform prime real estate in a coveted Silicon Valley location.
Sold for $3,608,000
$3,608,000
578 Oregon Ave, Palo Alto, CA 94301
--beds
--baths
1.09Acres
Residential Development Land, Unimproved Land
Built in ----
1.09 Acres Lot
$-- Zestimate®
$--/sqft
$5,799 Estimated rent
Home value
Not available
Estimated sales range
Not available
$5,799/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jolaine & Jack Woodson 70000275 650-740-9694,
Compass 650-462-1111
Bought with:
Loveless Team, 70010102
Intero Real Estate Services
Source: MLSListings Inc,MLS#: ML81992737
Facts & features
Property
Features
- Fencing: Mixed Height Type,Wood
Lot
- Size: 1.09 Acres
- Features: Level
Details
- Additional structures: MiscellaneousStructures, Residence
- Parcel number: 13201070
- Zoning: R1
- Special conditions: Standard
Utilities & green energy
- Gas: GasOnSite, NaturalGas, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Public Utilities, Water Public
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Tax assessed value: $296,596
- Annual tax amount: $4,606
- Date on market: 2/4/2025
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Sold | $3,608,000-62% |
Source: Public Record Report a problem | ||
| 9/5/2025 | Sold | $9,500,000-5% |
Source:  MLSListings Inc #ML81992737 Report a problem | ||
| 2/4/2025 | Contingent | $10,000,000 |
Source: MLSListings Inc #ML81992737 Report a problem | ||
| 2/4/2025 | Listed for sale | $10,000,000 |
Source: MLSListings Inc #ML81992737 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,606 +3.8% | $296,596 +2% |
| 2024 | $4,438 +1.6% | $290,781 +2% |
| 2023 | $4,368 +1.4% | $285,080 +2% |
| 2022 | $4,309 +2% | $279,491 +2% |
| 2021 | $4,223 +1.7% | $274,012 +1% |
| 2020 | $4,152 | $271,204 +2% |
| 2019 | $4,152 +3.6% | $265,887 +2% |
| 2018 | $4,009 | $260,674 +2% |
| 2017 | $4,009 +1.8% | $255,564 +2% |
| 2016 | $3,937 | $250,554 +1.5% |
| 2015 | -- | $246,792 +2% |
| 2014 | -- | $241,959 +0.5% |
| 2013 | -- | $240,866 +2% |
| 2012 | -- | $236,144 +2% |
| 2011 | -- | $231,515 +0.8% |
| 2010 | -- | $229,786 -0.2% |
| 2009 | -- | $230,333 +2% |
| 2008 | -- | $225,817 +2% |
| 2007 | -- | $221,391 +2% |
| 2006 | -- | $217,051 +2% |
| 2005 | -- | $212,796 +2% |
| 2004 | -- | $208,625 +1.9% |
| 2003 | -- | $204,802 +2% |
| 2002 | -- | $200,787 +2% |
| 2001 | -- | $196,851 |
Find assessor info on the county website
Neighborhood: Midtown
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Nearby schools
GreatSchools rating
- 9/10El Carmelo Elementary SchoolGrades: K-5Distance: 0.6 mi
- 10/10Jane Lathrop Stanford Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: ElCarmeloElementary
- Middle: JaneLathropStanfordMiddle
- 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.
- California
- Santa Clara County
- Palo Alto
- 94301
- Midtown
- 578 Oregon Ave
Nearby cities
Nearby neighborhoods
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