The buyer of the 2.5-acre lot in the country’s most expensive ZIP code intends to build “one very grand estate home” on the property, according to the listing agent.
An empty 2.5-acre lot in Atherton recently sold for $25 million, listing agent Michael Repka of DeLeon Realty confirmed to SFGATE. TheThe lot at 75 Isabella Ave. is located near Menlo College, in the heart of the Bay Area enclaveThe lot had been listed at $26.6 million since April 2022.
“It is my understanding that the purchaser intends to build one very grand estate home on the property,” Repka told SFGATE in an email. 75 Isabella sits close to Menlo Park, Stanford University and Menlo Circus Club, a costly and exclusive country club located a few streets down from the lot. The neighborhood has a median home sale price of $7.9 million, according to a yearly PropertyShark report, though Redfin shows that nearby homes located on similar lot sizes typically sell for more than $20 million.
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