Opportunity knocks in the heart of Downtown Palo Alto! This rare 4218 square foot vacant lot is a blank canvas for your dream development. Nestled in one of the most sought-after neighborhoods, this lot offers the perfect setting for a luxury condo development, commercial development, day care center and so much more. Situated just steps away from world-class dining, shopping, and top-rated schools, this lot provides both convenience and prestige. With easy access to major tech hubs and public transportation, its an ideal location for those seeking the vibrant urban lifestyle that Palo Alto is renowned for. Don't miss your chance to own a piece of prime real estate in Silicon Valleys most iconic city. The possibilities are endless with this exceptional lot!
Sold for $2,200,000
$2,200,000
733 Ramona St, Palo Alto, CA 94301
--beds
--baths
4,218Square Feet
Residential Development Land, Unimproved Land
Built in ----
4,218 Square Feet Lot
$-- Zestimate®
$--/sqft
$2,993 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,993/mo
Zestimate® history
Owner options
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$2,993/mo
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$2,993/mo
Rent Zestimate®
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$14,148/mo
Est. payment
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$14,148/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Dominic Gluhaich 02092371 408-710-4538,
Sterling Ventures
Bought with:
Jing Chen, 02156052
Pellego, Inc.
Source: MLSListings Inc,MLS#: ML82006265
Facts & features
Property
Features
- Fencing: Wood
Lot
- Size: 4,218 Square Feet
- Features: Level
Details
- Additional structures: None
- Parcel number: 12027063
- Zoning: RM3
- Special conditions: Standard
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
- Tax assessed value: $44,092
- Annual tax amount: $1,614
- Date on market: 5/9/2025
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Sold | $2,200,000-18.5% |
Source:  MLSListings Inc #ML82006265 Report a problem | ||
| 8/5/2025 | Contingent | $2,699,000 |
Source: MLSListings Inc #ML82006265 Report a problem | ||
| 5/9/2025 | Listed for sale | $2,699,000 |
Source: MLSListings Inc #ML82006265 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,614 +3.2% | $44,092 +2% |
| 2024 | $1,564 +1.9% | $43,228 +2% |
| 2023 | $1,534 -54.5% | $42,381 +2% |
| 2022 | $3,372 +142.8% | $41,550 +2% |
| 2021 | $1,389 -57.2% | $40,736 +1% |
| 2020 | $3,246 | $40,319 +2% |
| 2019 | $3,246 +18.4% | $39,529 +2% |
| 2018 | $2,743 | $38,754 +2% |
| 2017 | $2,743 +10.4% | $37,995 +2% |
| 2016 | $2,485 +33.8% | $37,250 +1.5% |
| 2015 | $1,857 +7.3% | $36,691 +2% |
| 2014 | $1,730 | $35,973 +0.5% |
| 2013 | -- | $35,811 +2% |
| 2012 | -- | $35,109 +2% |
| 2011 | -- | $34,421 +0.8% |
| 2010 | -- | $34,164 -0.2% |
| 2009 | -- | $34,246 +2% |
| 2008 | -- | $33,575 |
Find assessor info on the county website
Neighborhood: University South
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Nearby schools
GreatSchools rating
- 9/10Addison Elementary SchoolGrades: K-5Distance: 0.5 mi
- 9/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 1.4 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: AddisonElementary
- 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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