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$9,500,000

  • Sold
  • Closed
  • Development
  • 1.0868 Acres
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This is an exceptional opportunity in the sought-after Midtown neighborhood a 1.08-acre parcel offering immense redevelopment potential. Potentially requiring rezoning for Planned Community residential, this rare opportunity would transform this parcel. Currently configured with 8 tenant-occupied cottages, this property also presents subdivision possibilities, opening doors for a visionary development. Positioned in the heart of this highly sought-after area, the centrally located site offers close proximity to Stanford University, tech hubs, local parks and shops, plus acclaimed Palo Alto schools. It is an outstanding prospect for investors or developers who seek to capitalize on a rare chance to transform prime real estate in a coveted Silicon Valley location.

Full Property Details for 578 Oregon Ave

General

  • Sold For: $9,500,000
  • Status: Closed
  • Type: Development
  • Source: RE_Infolink
  • MLS ID: ML81992737
  • Added to Site: 347 day(s) ago

Additional Information

  • Extras: Not Applicable

Location

  • Area: Midtown
  • County: Santa Clara
  • Cross Streets: Middlefield Road

Utilities

  • Sewer: Public Sewer, Sewer Connected
  • Water: Individual Water Meter, Public, Water on Site
  • Telecomm.: DSL
  • Utility Description: Electricity on Site, Gas (On Site), Natural Gas, Public Utilities

Lot Features

  • Lot Size (Acres): 1.0868
  • Minimum Lot Size: 47340
  • Lot Size (Sq. Ft.): 47,340
  • Development Status: Final Map Pending, Other Improvements, Lot Split Possible, May Not Be Subdivided
  • Present Use: Multifamily, Multiple Dwellings, Residential
  • Crops: None
  • Zoning: R1
  • Lot Description: Level, Possible Lot Split, Regular
  • Fencing (Description): Mixed Height / Type, Wood

Listed by Compass, Jolaine & Jack Woodson
Sold by Ntero, Loveless Team

Listing agent

— 578 Oregon Ave —

  • Jolaine & Jack Woodson

    Compass

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 578 Oregon Ave

School District:Palo Alto Unified School District
NameGradesDistance
El Carmelo Elementary School
3024 Bryant Street, Palo Alto, CA 94306
K-50.6 mi
Jane Lathrop Stanford Middle School
480 East Meadow Drive, Palo Alto, CA 94306
6-81.2 mi
Palo Alto High School
50 Embarcadero Road, Palo Alto, CA 94301
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 578 Oregon Ave

Date
Details
Price
Change
Source
9/05/2025
Sold
$9,500,000
-5%
MLS
2/04/2025
Listed
$10,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Compass, Jolaine & Jack Woodson
Sold by Ntero, Loveless Team

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Price Reduced near 578 Oregon Ave

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578 Oregon Ave, Palo Alto, CA 94301 (MLS# ML81992737) is a Development property that was sold at $9,500,000 on September 05, 2025. Want to learn more about 578 Oregon Ave? Do you have questions about finding other Development real estate for sale in Midtown? You can browse all Midtown real estate or contact a Coldwell Banker agent to request more information.