3377 Waverley St Palo Alto, CA 94306

Positioned on a highly desirable, uniquely private 6,840-square-foot lot, this property represents the ultimate canvas for a custom new build in the heart of Midtown Palo Alto. While the existing structure is a modest and charming 2-bedroom home, the true value lies in the exceptional rectangular parcel, tucked away near a city-designed traffic blockage on Bryant Street that perfectly deters cut-through traffic. Enjoy the peace and safety of a quiet street, combined with the unparalleled convenience of midtown living. The lot itself is beautifully prepared for development, featuring a flat, rectangular layout that maximizes your architectural footprint. Gorgeous, mature privacy hedges already line the backyard perimeter, and the existing trees are perfectly situated to accommodate an ambitious future home design without compromising building space. Location is everything, and this property delivers a world-class lifestyle. You are within easy walking distance to Midtown shops, Mitchell Park, Mitchell Park Library, El Carmelo Elementary, and JLS Middle School. Commuting is a breeze with effortless access to Caltrain, Stanford University, and the Silicon Valley campuses of Alphabet and Meta. Best of all, the property grants access to Palo Alto's legendary, award-winning schools. With new construction homes on similar-sized lots nearbysuch as 3123 South Courtrecently selling for as high as $5.4M, this is a rare, high-upside opportunity to build exactly what you want in an unbeatable location. Bring your architect and your vision!