Extraordinary property in most desirable location of Palo Alto, prime for building a dream estate home! Rare large and sun-filled corner lot w/ ideal rectangular shape & dimensions: approx. 127' X 150'. No big trees in middle of property, yet plentiful fruit trees on perimeter. Property is NOT in special flood zone. Existing house is NOT on historic list (Buyer to confirm all this and building guidelines with City). Ideally located on corner of two quiet streets in heart of coveted Professorville, a short walk or bike ride to Town & Country Shopping, Palo Alto High, Castilleja School, Whole Foods, fabulous restaurants & shops in Downtown Palo Alto, parks, & Stanford University. Easy access to freeways for commuting anywhere in Silicon Valley. Outstanding Palo Alto schools! Properties like this rarely come available. Existing house is livable, but value is in land & location. Plenty of space to build a spectacular estate home with room for pool, guest house, gym, etc. Endless potential!