
Active residence · Atherton
$15,985,000
REZONED to RM10 by Atherton. To be verified with Town of Atherton: possibly build up to 14 units, up to 30,000 sft liveable space plus garages with one below market rate unit. Keep the high ceiling open floor plan of this remodeled home for yourself and enjoy a short stroll to downtown Menlo Park and bike to downtown Palo Alto. Currently the property comes with a fully remodeled one story home with newer 50 year roof, large pool, hot tub and dry sauna directly across from the approved Parkline SRI campus redevelopment project which is proposed to include shopping, public park, cafes and restaurants . Bonus: Private well for free irrigation water, workshop. This property is in the coveted Menlo Park School District. For our tenant's privacy, showings are possible with 48 hour notice. The currently occupied single family home lease provides large monthly income of $14,500 while you wait for planning approval. Can be delivered vacant on October 15, 2026. Seller does not guarantee any of the above and buyer to verify all of the above with the Town of Atherton regarding development of this lot and the City of Menlo Park regarding the SRI campus redevelopment.
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