OFF MARKET

Off Market Feb 2024 for $59M

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Est. refi paymentEst. refi $384,098/mo

—

•

— ba

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82,169

sq ft

2850 Middlefield Rd, Palo Alto, CA 94306

About this home

2850 Middlefield Rd is a 82,169 square foot multi-family home on a 3.47 acre lot. - it last sold on February 13, 2024 for $59,500,000.

Multi-familyProperty Type

1986Year Built

3.47 acresLot Size

$724Price/Sq.Ft.

Source:Public Records

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 94306, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

104.3%

1.8% MoM

Median sale price

$3.2M

$69K MoM

Avg. days on market

14d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

OPEN FRI, 10AM TO 12PM
$3,480,000
3 beds2 baths1,415 sq ft
4186 Willmar Dr, Palo Alto, CA 94306
$4,890,000
3 beds2 baths2,095 sq ft
845 Los Robles Ave, Palo Alto, CA 94306
OPEN SAT, 2PM TO 4:30PM
$2,888,000
4 beds3.5 baths2,049 sq ft
410 Gene Ct, Palo Alto, CA 94306
3D WALKTHROUGH
$3,898,000
4 beds4 baths3,684 sq ft
3655 La Calle Ct, Palo Alto, CA 94306
3D WALKTHROUGH
$6,798,000
5 beds4.5 baths3,461 sq ft
3080 South Ct, Palo Alto, CA 94306
HOT HOME
$2,888,000
4 beds2 baths1,470 sq ft
4154 Amaranta Ct, Palo Alto, CA 94306
OPEN SAT, 2PM TO 4PM
$4,988,000
3 beds2 baths1,794 sq ft
3511 La Mata Way, Palo Alto, CA 94306
EARLY ACCESS
$1,798,000
3 beds3 baths1,826 sq ft
444 San Antonio Rd Unit 2D, Palo Alto, CA 94306
$3,249,000
3 beds2 baths1,329 sq ft
433 Monroe Dr, Palo Alto, CA 94306
3D WALKTHROUGH
$3,988,000
4 beds3 baths1,657 sq ft
3102 Flowers Ln, Palo Alto, CA 94306
See all

Provided by Redfin

Sale history for 2850 Middlefield Rd

Year

Property tax

Land + Additions

Assessment*

2025

$732,223 (+131.9%)

$36,414,000 + $25,377,417

$61,791,417

2024

$315,728 (+1.5%)

$35,700,000 + $24,879,821

$60,579,821

2023

$311,177 (+1.2%)

$6,916,458 + $19,593,503

$26,509,961

2022

$307,593 (+2.0%)

$6,780,842 + $19,209,317

$25,990,159

2021

$301,481 (+28.3%)

$6,647,885 + $18,832,664

$25,480,549

2020

$234,946 (−3.2%)

$6,517,535 + $18,463,397

$24,980,932

2019

$242,754 (+1.6%)

$6,450,706 + $18,274,078

$24,724,784

2018

$238,832 (+1.8%)

$6,324,222 + $17,915,763

$24,239,985

2017

$234,584 (−3.8%)

$6,078,646 + $17,220,073

$23,298,719

2016

$243,976 (−2.7%)

$6,078,646 + $17,220,073

$23,298,719

2015

$250,809 (−5.1%)

$5,959,457 + $16,882,425

$22,841,882

2014

$264,311 (+2.0%)

$5,754,957 + $16,303,101

$22,058,058

2012

$259,048 (+6.1%)

$5,728,948 + $16,229,420

$21,958,368

2011

$244,072

$5,616,616 + $15,911,197

$21,527,813

2010

$244,076 (+1.1%)

$5,506,487 + $15,599,213

$21,105,700

2009

$241,416 (+5.4%)

$5,465,334 + $15,482,629

$20,947,963

2008

$229,010

$5,370,900 + $15,215,109

$20,586,009

Tax history for 2850 Middlefield Rd

Year

Property tax

Land + Additions

Assessment*

2025

$732,223 (+131.9%)

$36,414,000 + $25,377,417

$61,791,417

2024

$315,728 (+1.5%)

$35,700,000 + $24,879,821

$60,579,821

2023

$311,177 (+1.2%)

$6,916,458 + $19,593,503

$26,509,961

2022

$307,593 (+2.0%)

$6,780,842 + $19,209,317

$25,990,159

2021

$301,481 (+28.3%)

$6,647,885 + $18,832,664

$25,480,549

2020

$234,946 (−3.2%)

$6,517,535 + $18,463,397

$24,980,932

2019

$242,754 (+1.6%)

$6,450,706 + $18,274,078

$24,724,784

2018

$238,832 (+1.8%)

$6,324,222 + $17,915,763

$24,239,985

2017

$234,584 (−3.8%)

$6,078,646 + $17,220,073

$23,298,719

2016

$243,976 (−2.7%)

$6,078,646 + $17,220,073

$23,298,719

2015

$250,809 (−5.1%)

$5,959,457 + $16,882,425

$22,841,882

2014

$264,311 (+2.0%)

$5,754,957 + $16,303,101

$22,058,058

2012

$259,048 (+6.1%)

$5,728,948 + $16,229,420

$21,958,368

2011

$244,072

$5,616,616 + $15,911,197

$21,527,813

2010

$244,076 (+1.1%)

$5,506,487 + $15,599,213

$21,105,700

2009

$241,416 (+5.4%)

$5,465,334 + $15,482,629

$20,947,963

2008

$229,010

$5,370,900 + $15,215,109

$20,586,009

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

RM-30

Medium Density Multiple-Family Residence District

The RM-30 medium density multiple-family residence district is intended to create, preserve and enhance neighborhoods for multiple-family housing with site development standards and visual characteristics intended to mitigate impacts on nearby lower density residential districts. Projects at this density are intended for larger parcels that will enable developments to provide their own parking spaces and to meet their open space needs in the form of garden apartments or cluster developments. Permitted densities in the RM-30 residence district range from 16 to 30 du per acre.

Zone overlays

Landscape Combining District

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Mobile home park

Nov 28, 2018 • Final

Project - building

Repair dry rot and install new waterproofing and guard railings for balconies and breezeways on all units. All work is to be completed like-for-like.

Remodel

Roofing

Nov 20, 2018 • Final

Project - building

Repair dry rot and install new waterproofing and guard railings for balconies and breezeways on all units. All work is to be completed like-for-like.

Remodel

Roofing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Fireplace Information
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Building Style Type: L-Shape
Construction Type: Wood
Building Construction Quality: Good
Roof Framing Type: Wood

Pool Information
Pool Type: Pool/Spa
Has Pool

Property Information
Subdivision Name: SOUTHWOOD
Living Sq. Ft: 82,169
Building Sq. Ft: 82,169
# of Units: 100
# of Stories: 3
Legal Description: TRACT 7730 SOUTHWOOD BOOK 550 PAGE 3 PAGE 4 LOT 1

Lot Information
# of Buildings: 1
Land Sq. Ft: 151,153
Legal Lot Number: 1
Municipality Name: PALO ALTO CITY
Acres: 3.47
Zoning Code: RM3
County Use Description: RESID 5+ FAMILY

Financial

Assessor Information
Assessment Year: 2026
Tax Area: PALO ALTO CITY

Public facts

Beds: —
Baths: —
Sq. Ft.: 82,169
Stories: 3.0
Lot Size: 3.47 acres
Style: Multi-Family (5+ Unit)
Year Built: 1986
Year Renovated: 1986
County: Santa Clara County
APN: 13203195

Home facts updated by county records on Aug 21, 2026

Around this home

Schools

El Carmelo Elementary School

Public K-5 • Assigned • 0.5mi

9/10

Jane Lathrop Stanford Middle School

Public 6-8 • Assigned • 0.9mi

10/10

Palo Alto High School

Public 9-12 • Assigned • 1.7mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 90° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

13 unhealthy days expected this year, 13 days in 30 years

Provided by First Street

Historical weather

Palo Alto, CA • 94306

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.1 hours in June and 4.9 hours in December, placing it above the U.S. average for solar exposure.

11.1 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 94306

OPEN FRI, 10AM TO 12PM3D WALKTHROUGH

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845 Los Robles Ave, Palo Alto, CA 94306

OPEN SAT, 2PM TO 4:30PMVIDEO TOUR

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3D WALKTHROUGH

$3,898,000

4 beds4 baths3,684 sq ft

3655 La Calle Ct, Palo Alto, CA 94306

3D WALKTHROUGH

$6,798,000

5 beds4.5 baths3,461 sq ft

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HOT HOME

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4154 Amaranta Ct, Palo Alto, CA 94306

OPEN SAT, 2PM TO 4PM

$4,988,000

3 beds2 baths1,794 sq ft

3511 La Mata Way, Palo Alto, CA 94306

EARLY ACCESSCOMPASS COMING SOON

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Home values near 2850 Middlefield Rd

Data from public records.

Address	Redfin Estimate
2901 Middlefield Rd, Palo Alto, CA - Beds \| - Baths \| 10154 Sq. Ft.	—
2760 Byron St, Palo Alto, CA - Beds \| - Baths \| 1300 Sq. Ft.	$2,295,135

Address	Redfin Estimate
2725 Byron St, Palo Alto, CA 4 Beds \| 2 Baths \| 1729 Sq. Ft.	—
2740 Byron St, Palo Alto, CA - Beds \| - Baths \| 1391 Sq. Ft.	$2,208,699

Address	Redfin Estimate
2735 Byron St, Palo Alto, CA 5 Beds \| 5 Baths \| 3263 Sq. Ft.	$3,321,689
2766 Byron St, Palo Alto, CA - Beds \| - Baths \| 1768 Sq. Ft.	$2,274,790

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 94306, CA

Sale history for 2850 Middlefield Rd

Tax history for 2850 Middlefield Rd

Zoning and permits

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 94306

Home values near 2850 Middlefield Rd

More real estate resources