Once in a lifetime opportunity in Crescent Park to build a family compound, or to develop two separate estates. One of the largest parcels of land available, this property has been in the same family since 1920, and other than the original 2BR/1BA bungalow, the property remains undeveloped. It consists of 2 contiguous parcels, w/ 2 separate APNs totaling approximately 24.800sf. The lots must be sold together and consist of 955-961 Lincoln. City of Palo Alto says that the lots can be combined via a Certificate of Compliance, or remain as two separate APNs (Buyer to verify). In addition to being combined, the lots could be developed as two separate homes (each lot being large enough to accommodate an additional guest cottage), or a family compound could be developed, enabling a very large residence (+/-6,000sf) on the larger lot, a second home or guest house (+/-4,000sf), pool, etc. (Buyer to confirm with the City). Location is EXCELLENT. Price of $9,998,000 is for BOTH properties.
