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Sold for $7,435,000
  • $7,435,000

    985 Lincoln Ave, Palo Alto, CA 94301

    5beds
    2,893sqft
    Single Family Residence, Residential
    Built in 2026
    6,250 Square Feet Lot
    $7,180,400 Zestimate®
    $2,570/sqft
    $7,041 Estimated rent

    Home value

    $7,180,400

    $6.61M - $7.83M

    $7,041/mo

    Zestimate® history
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    $47,766/mo

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    What's special

    Subzero refrigeratorCozy beautifully landscaped backyardCrystal cabinetryWater softenerTesla chargerHansgrohe shower systemsFour ensuite bedrooms
    Just completed, this stunning high-end custom home stands as the crown jewel of Palo Alto. Designed by Kohler Architects and situated on one of the most coveted streets in the prestigious Crescent Park neighborhood, it showcases exceptional craftsmanship, refined materials, and modern luxury at every turn. The 2,900 sq ft residence offers four ensuite bedrooms plus an office/bedroom. The thoughtfully curated interior features Crystal cabinetry, a SubZero refrigerator, Wolf cooktop, solid wood interior doors, Hansgrohe shower systems, and European imported steel front door. Premium amenities including a water softener, owned solar panels with Tesla Powerwall, Tesla charger, multizone HVAC, video camera security system, build-in ceiling speakers, a vapor barrier in the crawlspace. The expansive covered back porch extends the living space outdoors, overlooking a cozy, beautifully landscaped backyard ideal for relaxation or entertaining. A short stroll to the Junior Museum, Children's Library, Main Library, Art Center, and Pardee Park, moments from the vibrant dining and shopping along University Avenue, this home offers unparalleled convenience. Major hubs such as Stanford University, Google, and Meta are within easy reach, and the property is served by top-rated Palo Alto schools.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sue Cheng 02027196 650-388-0228,

    Intero Real Estate Services 650-947-4700

    Bought with:

    Lyn Cobb, 01332535

    Coldwell Banker Realty

    Source: MLSListings Inc,MLS#: ML82032925MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Bathroom
    • Features: ShowerandTub
    Dining room
    • Features: FormalDiningRoom
    Family room
    • Features: SeparateFamilyRoom
    Kitchen
    • Features: ExhaustFan, IslandwithSink, Skylights
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Gas Cooktop, Dishwasher, Exhaust Fan, Disposal, Microwave, Refrigerator
    • Laundry: Upper Floor
    Features
    • High Ceilings, One Or More Skylights, Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Wood
    Interior area
    • Total structure area: 2,893
    • Total interior livable area: 2,893 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached, On Street
    • Garage spaces: 1
    Features
    • Stories: 2
    Lot
    • Size: 6,250 Square Feet
    Details
    • Parcel number: 00326002
    • Zoning: R1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Custom
    • Property subtype: Single Family Residence, Residential
    Materials
    • Foundation: Concrete Perimeter, Crawl Space
    • Roof: Composition
    Condition
    • New construction: Yes
    • Year built: 2026

    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: $2,570/sqft
    • Tax assessed value: $3,492,960
    • Annual tax amount: $43,001
    • Date on market: 1/28/2026
    • Listing agreement: ExclusiveRightToSell

    Price history

    DateEventPrice
    2/24/2026Sold$7,435,000+14.4%$2,570/sqft
    Source: MLSListings Inc #ML82032925 Report a problem
    2/6/2026Pending sale$6,498,000$2,246/sqft
    Source: MLSListings Inc #ML82032925 Report a problem
    1/29/2026Listed for sale$6,498,000+109.7%$2,246/sqft
    Source: MLSListings Inc #ML82032925 Report a problem
    7/27/2023Sold$3,098,000$1,071/sqft
    Source: Public Record Report a problem
    5/11/2023Listed for sale$3,098,000$1,071/sqft
    Source: MLSListings Inc #ML81927905 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$43,001 +15%$3,492,960 +12.7%
    2024$37,399 -6.4%$3,098,000 -6.1%
    2023$39,951 -14.5%$3,300,000 -14.3%
    2022$46,728 +2261.2%$3,850,000 +4049.3%
    2021$1,979 +1.2%$92,787 +1%
    2020$1,955 $91,837 +2%
    2019$1,955 +3.3%$90,037 +2%
    2018$1,893 $88,272 +2%
    2017$1,893 +2%$86,542 +2%
    2016$1,856 +4.6%$84,847 +1.5%
    2015$1,774 +8.2%$83,573 +2%
    2014$1,639 $81,937 +0.5%
    2013-- $81,568 +2%
    2012-- $79,970 +2%
    2011-- $78,403 +0.8%
    2010-- $77,818 -0.2%
    2009-- $78,004 +2%
    2008-- $76,475 +2%
    2007-- $74,977 +2%
    2006-- $73,508 +2%
    2005-- $72,068 +2%
    2004-- $70,656 +1.9%
    2003-- $69,362 +2%
    2002-- $68,003 +2%
    2001-- $66,671
    Find assessor info on the county website

    Neighborhood: Professorville

    Nearby schools

    GreatSchools rating
    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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    Estimated market value
    $7,180,400
    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
    $7,180,400