$24,000,000
2001 Bryant St, Palo Alto, CA 94301
Rare 31,744 SF Old Palo Alto Estate Lot with Plans
4 Bed · 3 Bath · 3,061 Sq Ft
Expansive yard, non-historic, conceptual plans ready to review.
4
Beds
3
Baths
3,061
Sq Ft
1947
Built
0.73 acres
Lot
No garage (driveway parking)
Garage
About 2001 Bryant St
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.
Home Highlights
Property Features
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
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
Walter Hays Elementary
Elementary · 0.7 mi
Greene Middle School
Middle · 1.0 mi
Palo Alto High School (Paly)
High · 1.2 mi
Walkability & Recreation
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.
Investment Highlights
- Rare oversized lot in Old Palo Alto: **31,744 SF (0.73 ac)**
- Non-historic designation simplifies redevelopment options
- Preliminary architectural plans available — shortens planning phase
- Immediate proximity to Stanford University and downtown Palo Alto
- 2018 sale at $18M provides basis for realized appreciation
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
Things to Consider
- Entitlement and permit timelines in Palo Alto can be lengthy and costly
- Construction costs in the Bay Area have been volatile — budgets require contingency
- Possible neighborhood review and design guidance affecting final approvals
- Property taxes will reset upon sale (Proposition 13 reassessment implications)
Opportunity Analysis
Acquire a rare oversized Old Palo Alto lot to deliver either a modern custom estate with strong intrinsic demand or hold as a legacy property; value primarily driven by land and location rather than current improvements.
Potential Use Scenarios
- Buy-and-build: move forward quickly with entitlements using existing conceptual plans to capture premium value.
- Investor hold: renovate existing ranch to maintain income/market appeal while planning for future redevelopment.
- Developer sale: market to high-net-worth buyers or custom home builders familiar with Old Palo Alto.
Risk Factors
- Permit/entitlement delays
- Construction cost escalation
- Neighborhood design review requirements
- Potential for higher-than-expected site work (tree preservation, utilities)
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$20000K
Midpoint
$23500K
High
$27000K
$7841/SF estimated price per square foot
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.
As of 2026-03-13
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Affluent, highly-educated populace; population growth modest but long-term demand for premier Palo Alto lots remains strong due to limited land supply and proximity to tech job centers.
Nearby Points of Interest
- Stanford University (approx. 1.0-1.5 mi)
- Downtown Palo Alto / University Ave (approx. 0.5-1.0 mi)
Immediate proximity to downtown Palo Alto, Stanford campus, Gamble Garden, Rinconada Park, top-rated schools and boutique shopping & dining on University Avenue and California Avenue.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
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