This Silicon Valley Shack Is on the Market for $2 Million
ALEX WANG SERENO GROUP As Town & Country recently reported, Atherton, CA is now the priciest zip code in America. So it makes sense that real estate in nearby Palo Alto would be costly, too. But a literal shack that's listed there for nearly $ million gives new meaning to the term "sticker shock."
The listing from Alex Wang Sereno Group, originally reported by MarketWatch, calls it an "exciting opportunity to build your dream home in charming Barron Park neighborhood." The 6,886 square-foot lot can accommodate a home of up to 2,816 square feet, but that only refers to the above-ground opportunity and "does not include possible basement," according to the listing (although the buyer needs to "verify with city").
The existing structure, at 829 La Para Avenue, is a tiny 180 square feet and can't even be certified for occupation since it lacks a sewer connection. Tearing it down seems inevitable, so a cool $M gets you basically nothing in Silicon Valley. Sigh.
The listing from Alex Wang Sereno Group, originally reported by MarketWatch, calls it an "exciting opportunity to build your dream home in charming Barron Park neighborhood." The 6,886 square-foot lot can accommodate a home of up to 2,816 square feet, but that only refers to the above-ground opportunity and "does not include possible basement," according to the listing (although the buyer needs to "verify with city").
The existing structure, at 829 La Para Avenue, is a tiny 180 square feet and can't even be certified for occupation since it lacks a sewer connection. Tearing it down seems inevitable, so a cool $M gets you basically nothing in Silicon Valley. Sigh.
Alex Wang Sereno Group
Alex Wang Sereno Group
Alex Wang Sereno Group
From: Town & Country US
By Sam Dangremond
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