251 Middlefield Road, Palo Alto, California 94301, Palo Alto, - bed, bath

home-pic
ACTIVE$8,500,000
251 Middlefield Road, Palo Alto, California 94301
11Beds
10Baths
5,939Sqft
10,000Lot
Year Built
1915
Close
-
List price
$8.5M
Original List price
$8.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82009468
Home ConditionExcellent
Features
View-

About this home

Constructed in 1915 and masterfully reimagined in 2019, this iconic multifamily residence stands as a rare trophy property in one of Palo Altos most prestigious neighborhoods. With its blend of historic architecture and contemporary refinement, it is designed for those who value heritage, craftsmanship, and enduring quality. The interiors are finished with top-tier materials and fixtures, including stainless steel appliances, granite countertops, hardwood and tile flooring, vaulted ceilings, skylights, and double-pane windows. Each unit offers an elevated living experience, with mini-split systems and select central heating for year-round comfort. A centralized laundry room adds convenience for residents and management. The professionally landscaped grounds are maintained daily, with automated drip system for each planter. A finished basement with private access, kitchenette, and bathroom provides flexible usage and the potential for additional income. Perfectly positioned near world-renowned institutions and employers, including Stanford University, Google, Meta, and HP, this fully occupied property offers stability and prestige. With its seamless fusion of character, modernity, and location, this is more than a multifamily asset, it is an investment in architectural legacy.

Nearby schools

7/10
Addison Elementary School
Public,K-50.6mi
8/10
Laurel Elementary School
Public,K-51.2mi
8/10
Duveneck Elementary School
Public,K-51.4mi
2/10
Willow Oaks Elementary School
Public,K-80.7mi
8/10
David Starr Jordan Middle School
Public,6-81.6mi
8/10
Hillview Middle School
Public,6-82.2mi
7/10
Menlo-Atherton High School
Public,9-120.9mi
9/10
Palo Alto High School
Public,9-121.0mi

Price History

Date
Event
Price
06/03/25
Listing
$8,500,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (41 Listings)
Beds114
98%
Baths104
98%
Square foot5,9392,688
95%
Lot Size10,0007,500
74%
Price$8.5M$5.47M
93%
Price per square foot$1,431$2,019.5
5%
Built year19159685969
24%
HOA
Days on market154153
50%
Condition Rating
Excellent

Despite being built in 1915, this property underwent a 'masterful reimagining' in 2019, which falls within the 5-year extensive renovation criteria for an 'Excellent' rating. The description highlights 'top-tier materials and fixtures,' including stainless steel appliances, granite countertops, hardwood and tile flooring, vaulted ceilings, skylights, and double-pane windows. Images confirm modern, high-quality kitchens with stainless steel appliances and contemporary cabinetry, pristine bathrooms with updated vanities and tiling, and overall new-looking interiors with hardwood and tile floors throughout. Mini-split systems are visible, indicating modern and efficient cooling/heating. The property shows no signs of deferred maintenance and appears virtually new.
Pros & Cons

Pros

Strategic Location: Perfectly positioned in a prestigious Palo Alto neighborhood, offering unparalleled access to world-renowned institutions and major employers like Stanford University, Google, Meta, and HP.
Historic Charm with Modern Renovation: Originally constructed in 1915 and masterfully reimagined in 2019, the property seamlessly blends historic architecture with contemporary refinement and modern comforts.
Strong Investment Potential: As a fully occupied multifamily trophy property, it offers immediate stability and the finished basement with private access provides potential for additional income streams.
High-End Finishes & Amenities: Interiors boast top-tier materials, stainless steel appliances, granite countertops, hardwood/tile flooring, vaulted ceilings, skylights, double-pane windows, and modern HVAC (mini-split systems/central heating) in units.
Well-Maintained Grounds & Convenience: Professionally landscaped grounds are maintained daily with an automated drip system, and a centralized laundry room adds significant convenience for residents and management.

Cons

Age of Original Structure: Despite extensive 2019 renovations, the property's original 1915 construction date may imply potential for unforeseen issues with underlying, non-cosmetic infrastructure.
Limited Private Outdoor Space: While featuring professionally landscaped grounds, the description does not highlight private outdoor spaces (e.g., balconies, patios) for individual units, which can be a tenant preference.
High Operating Costs: The property's high-end finishes, professional daily landscaping, and overall scale suggest potentially significant ongoing operational and maintenance expenses.

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