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640 Waverley Street, Palo Alto, CA 94301

$12,500,000 Approx. USD 7 beds, 7 baths
10,603 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Frank De Bernardo | debernardo2000@gmail.com
Lic#: 01211552
Broker: Courtesy of eXp Realty of Northern California, Inc.
Phone: 831-901-2324

Agent Remarks

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.

Listing Details

Property type: (Single Family)

Status: Active

MLS# ML82057145

Price: $12,500,000

Beds: 7

Baths: 7 (6 full) (1 half)

Built in 2026

10,603 sqft

0.12 acres

Lot size: 0.1205

County: Santa Clara

Zoning: CDC

Heating/cooling: Central Air

Heating description: Central

MLS area: 699 - Not Defined

Last Updated: 8/12/2026

Days On Market (DOM): 2

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 37.445605, -122.158527.
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Source: CRM. Also Available in ML82048326, ML82051028,

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