LKV Realty
Logo
$12,500,000
$7,200Reward *
640 Waverley Street, Palo Alto, CA 94301Listing ID ML82057145

640 Waverley Street, Palo Alto, CA 94301

Active
Time on site: 1 daysLast updated: 11 hours ago
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
7
Bathrooms
Bathrooms
7
Square Feet
Square Feet
10,603
Acres
Acres
0.12
Cooling
Cooling
Central Air
Heating
Heating
Central
Year Built
Year Built
2026
Garages
Garages
7

This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.

Property Information

Property Details

Location

Address
640 Waverley Street
County
Santa Clara
City
Palo Alto
Zip Code
94301
School District
Palo Alto Unified
MLS Area
699 - Not Defined

Interior Features

Beds and Baths

Bedrooms
7
Full Bathrooms
6
Half Bathrooms
1

Building

Building Information

Square Feet
10,603
Year Built
2026
Foundation
Permanent
Roof
Other

Financial

Special Conditions
Standard
Frank De BernardoeXp Realty of Northern California, Inc., (888) 832-7179

Market Report for 94301

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

ML5108420