Will Barron Park get its first $10,000,000 home?
By Ken DeLeon
Generally, only the most elite neighborhoods such as Old Palo Alto or West Atherton can command eight figure prices. Yet as Silicon Valley continues to be the epicenter of the nation’s innovation and tech companies continue to thrive, high-end listings are cropping up in many different neighborhoods.
It takes a bold developer to be a pioneer and seek to break through ceilings that have yet to be broken. The Dragonfly Group is one such developer that is setting new ceilings in neighborhoods. Previously, in the Sharon Heights neighborhood of Menlo Park, the highest sales price ever reached was below $7,500,000. So, when the Dragonfly Group listed their new Sharon Heights home for $9,950,000, all of the naysayers were waiting for them to fail. But when they succeeded and the home sold this year, the question then became: what neighborhood will be next?
Barron Park, a charming and rural neighborhood of Palo Alto, is the next frontier. Dragonfly Group is seeking nearly $10M for 995 Los Robles Avenue, which will be a contemporary home that is 6,485 sq. feet on a lot that is barely over 13,000 sq. feet. While cheering for them, this also makes our upcoming listing at 953 Roble Ridge Road in Barron Park a steal of a deal.
In the estate section of Barron Park, where these few homes often have lots which can greatly exceed an acre, 953 Roble Ridge Road is a completely remodeled and expanded 6-bedroom, 4.5-bathroom home of over 6,000 sq. feet, plus it has a two-bedroom guest house that is over 700 sq. feet. The lot, the second largest in Palo Alto excluding homes in the hills, is over 71,000 sq. feet. This home, which will be listed at $7,988,000, will assuredly sell and Barron Park will continue its rise, as buyers love the centrality and rustic beauty of this stunning neighborhood.
With great natural beauty and a large lot size, this home provides the privacy and peace of Woodside, but with Palo Alto convenience. In addition to being next to Bol Park and the bike path that leads to Gunn High School, downtown Los Altos or California Avenue restaurants, this home is also exceptionally close to all major employers of Silicon Valley as the map below illustrates: