This meticulously updated Spanish-style home is the epitome of luxury living, featuring rich hardwood floors, bespoke cabinetry, high-end finishes, and exquisite architectural details throughout. The living room features a grand fireplace and exposed beamed ceiling. A gracious dining room opens to the patio, encouraging indoor/outdoor entertaining. The gourmet kitchen, a chef's delight, boasts sleek soapstone countertops, complemented by a premium selection of Miele and Sub-Zero appliances. An en-suite bedroom on the main level is ideal for guests or use as an elegant home office. Ascend to the upper level to find the luxurious primary suite with a spa-inspired bathroom. There are four additional bedrooms upstairs, each providing access to a charming wrap-around balcony. Adding to the allure, the owner has artfully restored the period baths, marrying new materials with the original aesthetic to preserve the home's historical essence. The backyard is a true oasis, offering diverse living/dining areas, a glistening pool, water fountain, sport court, and lush landscaping. Located in the coveted Crescent Park neighborhood of Palo Alto, this residence delivers an unparalleled lifestyle of peace, sophistication & convenience. Close to downtown Palo Alto and easy access to Hwy 101.
Property Details
Property Features
Property Information:
Year Built: 1936
Stories: 2
Living Area: 4,898 SqFt
Listing Office:
Office Name: Golden Gate Sotheby's International Realty
Office Phone: (650) 847-1141
Listing Agent: The Dreyfus Group
Interior Features
Interior Information:
Appliances: Gas Cooktop
Flooring Type: Tile, Wood
Interior: Walk-In Closet(s)
Fireplace: Gas Starter, Living Room, Wood Burning
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 4
Total Bedroom Count: 6
Exterior Features
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.39 Acres
Utilities
Utilities Information:
Heating: Radiant
Cooling: None
School Info
Assigned Schools Information:
Palo Alto High School, Public District Grades 9-12
David Starr Jordan Middle School, Public District Grades 6-8
Duveneck Elementary School, Public District Grades KG-5
Ohlone Elementary School, Public District Grades KG-5
Herbert Hoover Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Cross Street: University Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $8,400,000
Price Per SqFt: $1,715/SqFt
Tax Information:
Annual Amount: $36,620
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Palo Alto, CA.
This property is $5.4M more than the Median Sold Price and $44/SqFt more than other homes in Palo Alto, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #ML81955046
Listing Office:
Office Name: Golden Gate Sotheby's International Realty
Office Phone: (650) 847-1141
Listing Agent: The Dreyfus Group
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 8:20:24 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$36,620
$3,068,028
2020
$36,619
$3,036,570
2019
$35,214
$2,977,030
2018
$35,214
$2,918,658
2017
$34,596
$2,861,431
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Duveneck Elementary School
705 Alester Ave
Distance between this listing and this school0.79 miles
Public District Grades KG-5
9
/10
Ohlone Elementary School
950 Amarillo Ave
Distance between this listing and this school1.71 miles
Public District Grades KG-5
9
/10
Herbert Hoover Elementary School
445 E Charleston Rd
Distance between this listing and this school3.16 miles
Public District Grades KG-5
Middle School
7
/10
David Starr Jordan Middle School
750 N California Ave
Distance between this listing and this school1.40 miles
Public District Grades 6-8
High School
9
/10
Palo Alto High School
50 Embarcadero Rd
Distance between this listing and this school1.58 miles
Public District Grades 9-12
Assigned Schools
8
/10
Duveneck Elementary School
705 Alester Ave
Distance between this listing and this school0.79 miles
Public District Grades KG-5
9
/10
Ohlone Elementary School
950 Amarillo Ave
Distance between this listing and this school1.71 miles
Public District Grades KG-5
9
/10
Herbert Hoover Elementary School
445 E Charleston Rd
Distance between this listing and this school3.16 miles
Public District Grades KG-5
Assigned Schools
7
/10
David Starr Jordan Middle School
750 N California Ave
Distance between this listing and this school1.40 miles
Public District Grades 6-8
Nearby Schools
2
/10
Cesar Chavez Elementary School
2450 Ralmar Ave
Distance between this listing and this school1.15 miles
Public District Grades 6-8
1
/10
Costano Elementary School
2695 Fordham St
Distance between this listing and this school1.48 miles
Public District Grades KG-8
Assigned Schools
9
/10
Palo Alto High School
50 Embarcadero Rd
Distance between this listing and this school1.58 miles
Public District Grades 9-12
Nearby Schools
3
/10
East Palo Alto Academy
475 Pope St
Distance between this listing and this school0.75 miles
Public Charter Grades 9-12
6
/10
Menlo-Atherton High School
555 Middlefield Rd
Distance between this listing and this school1.68 miles
The neighbors living near this home have an average income of $233,445. Typical income of Palo Alto, CA residents is $200k+ annually. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 40 Crescent Dr
What is the listing price of this property?
The listing price of 40 Crescent Dr property is $8,400,000.
What type of property is this?
The property 40 Crescent Dr is a house located in Palo Alto, California, 94301.
Is this property for sale now?
Active Listing: 40 Crescent Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 40 Crescent Dr are: Duveneck Elementary School: GreatSchools Rating 8/10Ohlone Elementary School: GreatSchools Rating 9/10Herbert Hoover Elementary School: GreatSchools Rating 9/10David Starr Jordan Middle School: GreatSchools Rating 7/10Palo Alto High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $36,620 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 40 Crescent Dr has 6 bedrooms and 4 full and 2 half bathrooms.
What is the square footage of this property?
The property 40 Crescent Dr is 4,898 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 40 Crescent Dr is 1936.
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This home is located at 40 Crescent Dr in Palo Alto, CA and zip code 94301 in the Crescent Park neighborhood. This 4,898 square foot home, which was built in 1936, sits on a 0.39 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $8,400,000.
In March 2024, from all listings sold in Palo Alto, CA there were more than 27 sold above asking price, over 8 sold below and more than 3 were sold right at the asked price. In March 2024 in Palo Alto, CA there were 31.6% more homes for sale than in February 2024. Listings spent 26 days on the market in March 2024, and had a median list price of $2,951,875 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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