Estimate anchored to the listing price of **$24,000,000**, the 2018 sale at **$18,000,000**, and local Old Palo Alto luxury market trends. Range accounts for potential premium for a buyer planning redevelopment vs. conservative value if kept as-is. No live comparable sales search performed.
Rare 31,744 SF Old Palo Alto Estate Lot with Plans
2001 Bryant Street is an Old Palo Alto offering rarely seen on the market: a single-story ranch home of 3,061 square feet resting on an expansive 31,744 SF (0.73 acre) parcel. The existing residence — 4 bedrooms and 3 baths — sits amid mature landscaping and generous setbacks that create a private, park-like setting while maintaining excellent building flexibility. The listing highlights a non-historic designation and includes conceptual architectural plans prepared for a custom replacement residence; those plans have not been submitted to the city, allowing a buyer to adopt, adapt, or pursue an alternate design.
This property is equally attractive to an owner seeking a gracious one-level living environment with sweeping grounds, or to a buyer planning a full rebuild. The lot can comfortably accommodate a substantial main residence, guest house or detached ADU, pool and extensive outdoor living spaces. The mature trees and composition of the site provide immediate privacy, and the preliminary plans on file accelerate early-stage feasibility work.
Location is one of the asset's strongest features: enjoy close walking access to downtown Palo Alto's restaurants and shops, quick drives to Stanford University and Stanford Shopping Center, and placement within the highly regarded Palo Alto Unified School District (Walter Hays Elementary, Greene Middle, Palo Alto High). For buyers seeking a premier parcel in a stable, high-demand micro-market, this property represents a finite supply of large lots in Old Palo Alto.
Offered at $24,000,000, this listing presents direct upside for a buyer with resources and vision — whether that means updating the existing ranch, executing the conceptual plans, or designing a custom estate that reflects contemporary standards of luxury and sustainability. Contact listing agent Steve Niethammer for plan copies, site reports, and to schedule a private showing.
See the properties helping shape the valuation.
Comparable sales
A 1947 ranch on 0.73 acres.
Building
Site & utilities
Old Palo Alto
Researched nearby locations
Location
2001 Bryant St, Palo Alto, CA 94301
Old Palo Alto is an established, highly desirable residential neighborhood characterized by gracious single-family homes, mature tree canopies, and proximity to downtown University Avenue. The area blends historic architectural pedigree with modern rebuilds and is favored by families for its walkability to shops, cafes, parks and highly rated public schools. Streets are quiet and well-maintained, and large parcels like this one are increasingly rare.
Excellent access to neighborhood parks (Rinconada Park, Gamble Garden) and pedestrian/bike routes toward Stanford; lot large enough for on-site recreation such as pool and extensive gardens.
A factual market snapshot around 2001 Bryant St.
Old Palo Alto is one of the Bay Area's most constrained and sought-after pocket markets — large estate lots are infrequently available. Over the past five years Palo Alto has seen steady appreciation driven by limited supply and proximate employment nodes (Stanford and tech campuses). At the luxury tier, buyer demand is selective: large-lot properties close to downtown and top schools retain liquidity even when overall market movement is modest. Inventory for comparably sized lots is minimal, which supports premium pricing for well-located parcels. For motivated buyers, 2001 Bryant offers both immediate lifestyle value and optional redevelopment upside; obtain plan documents and a build-cost estimate early to set a precise basis for evaluation.
Single-family residential zoning; typical allowances include primary single-family dwelling, accessory dwelling units (subject to city ordinances), and customary residential uses. Exact code should be verified with city planning.
Zoning
Research-indicated uses
- Single Family Residence
- Accessory Dwelling Unit (Subject To PD/Ordinance)
- Yard/Landscaping, Pool, Detached Guest Structures (Subject To Setbacks And Permits)
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Sale history
What the research supports — and what is still worth verifying.
Key findings
- Existing home: 3,061 SF, 4 bed / 3 bath, ranch, built 1947
- List price: $24,000,000; price per SF (existing): $7,841
- Lot among the largest in Old Palo Alto — high redevelopment premium
- Preliminary plans available but not submitted to city
- Non-historic designation noted in listing highlights
What stands out about this property.
Interior Features
- Single-level ranch layout
- 4 bedrooms, 3 bathrooms
- 3,061 total square feet
- Original mid-century details with potential for modernization
- Flexible interior footprint conducive to renovation or rebuild
Exterior & Lot
- Expansive 31,744 SF lot (0.73 acre)
- Mature trees and established landscaping
- Room for pool, guest house/ADU, and extensive outdoor amenities
- Preliminary architectural plans available (not submitted)
- Non-historic designation for streamlined design flexibility
Location & Neighborhood
- Old Palo Alto — tree-lined, prestigious residential enclave
- Walking distance to downtown Palo Alto boutiques and dining
- Approximately 1–1.5 miles to Stanford University
- Top-rated Palo Alto Unified schools
- Short drives to Stanford Shopping Center and regional routes
Walkability & Recreation
- Walkability Rating: 85/100
- Nearby parks: Rinconada Park, Gamble Garden
- Easy access to bike routes toward Stanford and downstream trails
- Recreation Score: 90/100
Sources & research confidence.
See where the property research came from and how confidence varies by field.