Listed 2 days ago · August 1, 2026 | MLS# ML82056304
$1,892/sqft +13% vs Palo Alto avg
What this means: Priced above the Palo Alto per-sqft average. Compare to recent sales below for context.
Est. $37,632/moP&I $31,122 · Tax $6,248 · Insurance $262 · HOA $0Assumes 20% down ($1,199,600) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Active listing in Palo Alto, Santa Clara County. Convenient access to schools, parks, and Bay Area employment centers.
⚡
Just Listed, 2 Days on Market
Palo Alto avg is 25 days. Early showings often see the most competition.
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5 Bed / 4 Bath / 3,170 sqft on 6,030 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $6.0M vs City Average $3.3M
$1,892/sqft compared to Palo Alto avg $1,671/sqft (+13.2%).
Best fit forActive BuyersPalo Alto SearchersMove-Up / Move-In
About This Home
Own a Piece of Silicon Valley Startup History. This remarkable home is more than just a beautiful residence; it was the birthplace of three successful technology startups, including a payroll company that grew into one of Silicon Valley's most recognizable fintech businesses, as well as AI companies SanasAI and Hoomanely. Fully rebuilt down to the studs about 5 years ago. Recently refreshed with new interior paint and professionally redesigned landscaping, this exceptional five-bedroom, four-bathroom home offers an ideal blend of luxury, comfort, and functionality. It features an open-concept kitchen with custom cabinetry and Silestone quartz countertops, a spacious second family room with a wet bar for additional flexibility for hosting guests or relaxing with family. Additional highlights include newer hardwood flooring, a generous laundry room, a whole-home multi-zone surround A/V distribution system, and security wiring. The backyard has been transformed into a private retreat, featuring a newly paved patio, fresh sod, and mature landscaping that creates a peaceful outdoor sanctuary with plenty of room to entertain or play. Whether you're drawn by its exceptional design, outstanding location, or its unique place in Silicon Valley history, this is truly a one-of-a-kind home.
MLS ID #ML82056304, Adriana Trenev. Listing provided by Arbor Real Estate · MLSListings Inc.
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Property Details
Property Type
Single Family Residence
Year Built
1950
Bedrooms
5
Bathrooms
4 Full
Living Area
3,170 sqft
Lot Size
6,030 sqft
Garage
2 Spaces
Price/sqft
$1,892
County
SantaClara
MLS Number
ML82056304
Status
Active
Stories
N/A
HOA
None
Interior Features
CentralForcedAir_Gas
Exterior & Lot
Composition Roof2-Car Garage0.14 Acres
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
2886 Emerson ST, Palo Alto, CA 94306 · SantaClara County
Market Context
Price Positioning
$Price context: Listed at $1,892/sqft vs Palo Alto avg $1,671/sqft (+13.2% above).
$Sale-to-list: Palo Alto homes selling at 104.1% of asking.
⏲Velocity: City avg 25 days. This home: 2 days.
🏠Inventory:5 5-bedroom homes currently available in Palo Alto.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
Buyers and sellers researching Midtown in Palo Alto will find 2886 Emerson ST to be a strong reference point. Listed at $5,998,000, this 5-bed, 4-bath home sits in a market where comparable properties average $1,671 per square foot. Homes in Palo Alto (94306) are currently averaging 25 days on market.
5-Bedroom Homes for Sale in Palo Alto 94306
Browse 5-bedroom single-family home listings in the Midtown area of Palo Alto. Properties in 94306 are currently averaging $1,671 per square foot with 25 days on market.
What to Expect When Buying in Midtown
The Midtown market in Palo Alto features a mix of single-family home properties ranging from starter homes to luxury estates. Current inventory levels suggest active conditions for buyers in this area.
Listed at $5,998,000 ($1,892/sqft). Palo Alto avg is $1,671/sqft, placing this +13.2% above. Comparable recent sales help frame the value.
Listed 2 days (as of August 1, 2026). Palo Alto average is 25 days.
Est. $37,632/mo with 20% down ($1,199,600) at 6.75%. Includes principal & interest ($31,122), property tax ($6,248), and insurance ($262). HOA: None. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 63 active listings in Palo Alto (5 are 5-bedroom). At $5,998,000 this is positioned against the city average of $3,342,365. Similar homes have sold at 104.1% of asking.
5-bedroom homes in Palo Alto (94306) are currently averaging $1,671 per square foot. Market activity shows homes spending an average of 25 days on market in this area.
2886 Emerson ST in Palo Alto is currently listed at $5,998,000. This 5-bedroom, 4-bathroom single-family home is located in the Midtown area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of Aug 3, 2026 4:00 PM PT. 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. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.
Last updated: Aug 3, 2026 4:00 PM PT | Source: MLSListings Inc.
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