Property Overview:
55 Waverley Oaks is a single-family home in Palo Alto, CA 94301, built in 1928. This 3,743 sq. ft. house sits on a 10,024 sq. ft. lot and features 5 bedrooms and 3 bathrooms. The property last sold for $5,750,000 and is currently estimated at $6,969,611. Designed by Pedro De Lemos, it showcases artistic craftsmanship and California Villa style.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 4.4% (lower than state average of 11.8%)
- Property crime risk: 10.7% (slightly lower than state average of 10.8%)
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Schools:
Nearby schools include Frank S. Greene Junior Middle, Walter Hays Elementary, Palo Alto High, and Packard Children’s Hospital/Stanford.- Average SAT score: 1221 (higher than state average of 975)
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Job Market:
- 80.8% white-collar jobs, 19.2% blue-collar jobs
- Unemployment rate: 2.1% (lower than state average of 4.7%)
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Demographics:
- Community population: 15,402 (17% growth since 2000)
- 50% families with children
- Largest age group: 45-54 years (15.56%)
- Second-largest: 25-34 years (13.36%)
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Natural Disaster Risk:
- Moderate flood risk
- Low tornado risk
- High earthquake risk
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Weather:
- Average temperature: 51.7°F (January), 87.6°F (July)
- Average rainfall: 17.3 inches/year
- Average snowfall: 0.1 inches/year
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Cost of Living:
- Median household income: $132,129
- Average annual spending: $83,423
Property Features:
- Exquisitely restored circa 1928 California Villa
- Designed by Pedro De Lemos; gardens by Katsy Swan
- Multiple terraces, fountains, outdoor wood-burning fireplace
- Large living room and formal dining room
- 3 bedrooms, 3.5 bathrooms (main listing); 5 bedrooms, 3 bathrooms (tax record)
- First-floor bedroom suite with private entry and sitting room
- Upstairs library/family room with adjoining office
- Spectacular lower level with reception hall and temperature-controlled wine cellar
- Detached studio (ideal as ADU/office/art studio)
- Attached 2-car garage
- Fireplace, heating and cooling systems
- Professionally designed gardens for seamless indoor/outdoor living and entertaining
Location Benefits:
- Walkable to top schools, parks (Jerry Bowden Park, Peers Park, Sarah Wallis Park), and amenities
- Nearby grocery stores: Mollie Stone’s, Country Sun Natural Foods
- Nearby coffee shops: Printers Cafe, Starbucks, Beet Cafe
- Nearby restaurants: Kirk’s Steakburgers, Gourmet Vegetarian Dinners, La Bodeguita del Medio
- Commuter-friendly location in the heart of Old Palo Alto
- Family-oriented community with strong job market and excellent schools