This is a significant opportunity to build your dream home in the heart of Old Palo Alto. Plans have already been approved by the city, which offers an enormous advantage by eliminating the need for this time-consuming effort. You will save the design fees ($220,000) plus permit costs ($61,000) plus land carrying costs ($350,000/year), house demolition ($79,000) plus all your blood, sweat and tears! This premier lot is ready to showcase the design of the excellent local firm, MAC Architecture, who has created a harmonious blend of traditional elements with modern indoor/outdoor living. Access to acclaimed Palo Alto schools is highly favored.