## Palo Alto Luxury Real Estate: $4.5 Million Single-Family Home Sells on Addison Avenue **Palo Alto, CA –** A stunning single-family home located at 941 Addison Avenue in Palo Alto recently sold for $4,500,000, marking another significant transaction in the Bay Area’s highly competitive luxury real estate market. The sale, finalized on April 1, 2025, reflects the continued demand for premium properties in this sought-after Silicon Valley location. The property, situated in the desirable 900 block of Addison Avenue, offers a spacious 2,724 square feet of living space and a meticulously maintained interior. Built in 1997, this two-story residence boasts a classic design with modern updates, creating an ideal blend of timeless appeal and contemporary comfort. The property’s impressive price per square foot – $1,652 – underscores the premium location and quality of construction. The expansive lot, spanning 5,000 square feet, provides ample room for outdoor entertaining and enjoyment.
**Key Property Details:** * **Address:** 941 Addison Avenue, Palo Alto, CA * **Sale Price:** $4,500,000 * **Square Footage:** 2,724 sq ft * **Year Built:** 1997 * **Price per Square Foot:** $1,652 * **Lot Size:** 5,000 sq ft
**Recent Comparable Sales in Palo Alto:** To provide context for this sale, let’s examine recent comparable transactions in the area. In May 2023, a neighboring property on the 800 block of Boyce Avenue sold for $6,225,000. This 3,496-square-foot home, featuring 4 bedrooms and 4 bathrooms, achieved a price per square foot of $1,781, highlighting the premium demand for larger homes in this particular neighborhood. The sale demonstrates the continued investment appeal of Palo Alto’s established residential areas. In June 2023, another Boyce Avenue property sold for $2,500,000. This 997-square-foot residence, with 2 bedrooms and 1 bathroom, realized a price per square foot of $2,508. This sale indicates a strong market for smaller, more affordable homes within the broader Palo Alto landscape. The continued activity in this area suggests a broad range of buyers are actively seeking properties based on their individual needs and budgets. Furthermore, a property on Channing Avenue in September 2023 sold for $1,800,000. This 960-square-foot home, boasting 2 bedrooms and 2 bathrooms, achieved a price per square foot of $1,875. This transaction reinforces the ongoing interest in properties located closer to the downtown area of Palo Alto. These recent sales, alongside the Addison Avenue property, provide a valuable snapshot of the current Palo Alto real estate market, reflecting the influence of factors such as location, size, and amenities.
**About the Bay Area Home Report Bot:** This article was generated by the Bay Area Home Report Bot, a sophisticated software solution designed to analyze real estate sales data and generate comprehensive reports. The bot utilizes a human-created template to ensure accuracy and consistency. Our real estate data is sourced from meticulously registered and digitized public records maintained by local county offices, guaranteeing the highest level of data integrity. We are committed to providing accurate and reliable information to our readers. If you identify any errors or bugs, please report them to [email protected] for prompt review and correction.
