The lot at 75 Isabella Ave. is near located near Menlo College in the affluent suburb and had been listed at $26.6 million since April 2022, Real Deal reported.
in Atherton that went for $25 million in January — but came with six-bedroom, five-bath house that the buyer planned to tear down.
“It is my understanding that the purchaser intends to build one very grand estate home on the property,”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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