640 Waverley Street, PALO ALTO, CA 94301
Santa Clara County
Key Facts
Listed By: eXp Realty of Northern California, Inc. - 8888327179
Listed By: Frank De Bernardo
Description
This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.
Property Information
Property Type
Commercial Sale
Sub-Type
Unimproved Land
MLS® Listing#
ML82048326
Property Features
Fencing
Lot Features
Sewer
Water Source
Schools
- Elementary:
- Addison Elementary
- Middle:
- Frank S. Greene Middle
- High:
- Palo Alto High
Financial Details
Parcel Number
120-16-023
Directions
From US-101 Take the exit for University Avenue toward Palo Alto. Head west on University Avenue. Turn left onto Waverley Street. 640 Waverley St will be on your right.
Affordability Calculator
$2,500,000
Estimated monthly payment
$66,530/mo
Principal $10,000,000 · Est. interest $13,950,890 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PALO ALTO, CA
- $1,000,000
- Median Listing Price
- 39
- Median Days on Market
- 1,570
- Median Sq Ft
- $1,252
- Median Price / Sq Ft
- 283
- Active Listings
- This home’s price is 1150% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PALO ALTO, CA.
Location
Points of Interest in PALO ALTO, CA
Showing the PALO ALTO area map.
Nearby Schools
Rise Together Education
School · 0.0 mi away
Discovery Children's House
School · 0.3 mi away
Addison Elementary School
Elementary · 0.4 mi away
The Learning Center
School · 0.5 mi away
Paly Robotics
School · 0.6 mi away
Tru
School · 0.6 mi away
Palo Alto High School
Secondary · 0.7 mi away
St Elizabeth Seton School
Secondary · 0.8 mi away
Palo Alto High School Tennis Courts
Secondary · 0.8 mi away
Walter Hays Elementary School
Elementary · 0.9 mi away
Palo Alto Unified School District
School · 0.9 mi away
Building Kidz
School · 1.0 mi away
The Roberts School
School · 1.1 mi away
Silicon Valley International School
Secondary · 1.1 mi away
German American School of Palo Alto (Gaspa)
School · 1.1 mi away
East Palo Alto High School
Secondary · 1.1 mi away
Alto International School
School · 1.1 mi away
German - American International School
School · 1.1 mi away
Laurel Elementary School Upper Campus
Elementary · 1.1 mi away
Willow Oaks Elementary
Elementary · 1.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 530 Webster Street, Palo Alto, CA | $10,500,000 | — | — | 11,035 |
| 530 Webster Street, Palo Alto, CA | $10,500,000 | — | — | 11,035 |
| 530 Webster Street, PALO ALTO, CA | $10,500,000 | — | — | 11,035 |
| 618 Tennyson Avenue, Palo Alto, CA | $10,880,000 | 5 | 7 | 4,419 |
| 618 Tennyson Avenue, Palo Alto, CA | $10,880,000 | 5 | 7 | 4,419 |
| 618 Tennyson Avenue, PALO ALTO, CA | $10,880,000 | 5 | — | 4,419 |
Moving Cost Estimate
EXIT Agents in PALO ALTO
Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.
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