Neighborhood Spotlight: Old Palo Alto

 
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The History

Old Palo Alto is one of the most desirable neighborhoods in Silicon Valley with picturesque, walkable streets, big trees, and diverse architecture. This neighborhood has been home to notable names like Apple’s CEO, Steve Jobs, and Google co-founder Larry Page. One of the first homes built in the neighborhood was for Edwin Percy Gamble of Proctor & Gamble, in 1902. Old Palo Alto is conveniently located 10 minutes away from the Googleplex and 5 minutes away from Stanford University. The area is bordered by Alma Street, Embarcadero and Middlefield roads and Oregon Expressway and features top-notch schools, beautiful parks, and a fantastic community!

The Vibe

In Old Palo Alto, no two streets look alike and it’s usual to see 1920s Spanish colonial revivals next to elegant contemporary architecture, and large estates with expansive lawns right around the corner from charming bungalows. Large magnolia trees line the walkable streets and each property is uniquely lavish. Lots in Old Palo Alto tend toward the larger side situated ideally for the luxury home market. With quality construction, understated elegance and many historic homes, Old Palo Alto has a timeless draw for home-buyers in Silicon Valley.

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The Commute

Perhaps most notable for its 5-minute bike ride to Stanford University, Old Palo Alto neighborhood also offers great access to both Highways 101 and 280. You can walk to the University Avenue Caltrain station as well as downtown Palo Alto’s vibrant shopping and dining district.

The Schools

The public schools in Old Palo Alto are highly sought-after and rank exceptionally well on the California School Dashboard rating system. These are just some of the surrounding schools available to residents of Old Palo Alto:

Preschools:

First Congregational Church Nursery School

Public Schools:

Walter Hayes Elementary

Greene Middle School

Palo Alto High School

Private Schools:

Castilleja School (6-12)

College:

Stanford University

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The Fun Stuff

Old Palo Alto is home to a number of parks, including Bowden Park, Bowling Green Park, Kellogg Park, and the Elizabeth F. Gamble Garden. Visit several shopping options nearby like Town and Country Village, Midtown, and California Avenue. Enjoy classes and events with the whole family at the Lucie Stern Community Center.

The Numbers

The median single-family home price for Old Palo Alto in 2019 was $4.253 million, down 3.9% since last year. From 2017 to 2018 the median home price was down 18% from $5.425 million (2017) to $4.425 million (2018). In spite of these slight dips, Old Palo Alto consistently ranks within the highest median home prices in Silicon Valley.

Price per square foot is also down slightly in Old Palo Alto from $2,232 in 2017 to $2,205 in 2018, to $1,978 in 2019. However, Old Palo Alto still has the highest price per square foot generally seen in the area, and buyers are willing to pay top dollar for real estate in what is unquestionably one of the most prestigious neighborhoods in Silicon Valley.