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765 University Ave, Palo Alto, California 94301, Palo Alto, - bed, bath

home-pic
ACTIVE$5,988,000
765 University Ave, Palo Alto, California 94301
4Beds
4Baths
3,798Sqft
9,375Lot
Year Built
1904
Close
-
List price
$5.99M
Original List price
$6.68M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41099936
Home ConditionExcellent
Features
Deck
Pool
Patio
View-

About this home

More than just good bones. It has good spirit! Private, Gated, Quiet retreat just blocks from Downtown!Elegant and secure, this wonderful home offers a flexible multi-generational layout and exceptional indoor-outdoor living. The current layout shows as 4 BR with plus. A former owner removed a wall to convert what was previously a 4th bedroom with full bath into a Family room. Features also include 4 fireplaces, hardwood floors, an updated kitchen with high-end appliances, and an oversized dining room perfect for entertaining. The enclosed sunporch adds valuable flex space for office.Enjoy the showpiece outdoor kitchen and fireplace—featured in design magazines—alongside a pool and gardens. The spacious primary suite includes a fireplace, sauna, jetted tub, and shower. Two additional upper level bedrooms open to a sunny, peaceful deck.Bonus finished attic and basement offer added versatility. Fully fenced with two automatic gates, dual driveways, ample parking, and a 2-car garage with ADU potential. Located near top-rated schools, Stanford, shopping, and major hospitals. Expertly maintained for comfort and long-term value. With high rental demand and longterm value in the heart of Silicon Valley, this property doubles as a strategic real estate opportunity. OH Saturday 9/20 2-4

Nearby schools

7/10
Addison Elementary School
Public,•K-5•0.5mi
8/10
Duveneck Elementary School
Public,•K-5•1.2mi
8/10
Laurel Elementary School
Public,•K-5•1.3mi
2/10
Willow Oaks Elementary School
Public,•K-8•0.8mi
8/10
David Starr Jordan Middle School
Public,•6-8•1.5mi
8/10
Hillview Middle School
Public,•6-8•2.4mi
9/10
Palo Alto High School
Public,•9-12•1.0mi
7/10
Menlo-Atherton High School
Public,•9-12•1.1mi

Price History

Date
Event
Price
09/11/25
Price Change
$5,988,000-4.8%
08/13/25
Price Change
$6,288,000
06/03/25
Listing
$6,680,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (41 Listings)
Beds44
50%
Baths44
50%
Square foot3,7982,688
83%
Lot Size9,3757,500
69%
Price$5.99M$5.47M
60%
Price per square foot$1,577$2,019.5
12%
Built year19049685969
10%
HOA
Days on market155154
50%
Condition Rating
Excellent
Despite being built in 1904, this property has clearly undergone extensive and high-quality renovations, bringing it to current quality standards. The kitchen features modern white shaker cabinets, dark countertops, white subway tile backsplash, and high-end stainless steel appliances. The bathrooms are equally updated with modern vanities, fixtures, and tiling, including a luxurious primary suite with a jetted tub and glass-enclosed shower. Hardwood floors are prevalent throughout, and the overall aesthetic is contemporary, bright, and meticulously maintained, as further supported by the description of an 'updated kitchen with high-end appliances' and being 'expertly maintained for comfort and long-term value.' There is no visible deferred maintenance, and all components appear new or virtually new.
Pros & Cons

Pros

Premier Palo Alto Location: Situated just blocks from Downtown Palo Alto, this property offers unparalleled access to top-rated schools, Stanford University, shopping, and major hospitals, ensuring strong long-term value and rental demand.
Luxurious Outdoor Entertainment: The property boasts a showpiece outdoor kitchen and fireplace, featured in design magazines, alongside a private pool and meticulously maintained gardens, perfect for exceptional indoor-outdoor living.
Flexible & Expansive Living Spaces: Featuring a flexible multi-generational layout, an oversized dining room, an enclosed sunporch for versatile use, and bonus finished attic and basement spaces, providing significant adaptability for various needs.
High-End Interior Appointments: The home includes an updated kitchen with high-end appliances, four fireplaces, hardwood floors throughout, and a spacious primary suite complete with a fireplace, sauna, and jetted tub.
Enhanced Privacy & ADU Potential: A private, gated retreat with dual automatic gates, ample parking, and a 2-car garage offering clear potential for an Accessory Dwelling Unit (ADU), adding future value and income possibilities.

Cons

Historic Property (Age & Maintenance): Built in 1904, despite updates, the age of the property may imply ongoing maintenance requirements and potential for unseen infrastructure issues typical of older homes, which could deter some buyers.
Multiple Price Reductions: The property has undergone two significant price reductions from its original list price of $6.68M to $5.988M, which could indicate initial overpricing or market resistance, potentially impacting buyer perception.
Modified Bedroom Count: A former 4th bedroom with a full bath was converted into a family room. While offering flexibility, this modification means the property is currently configured with fewer dedicated bedrooms than some buyers might expect for its size and price point.

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