203 Margarita Avenue

A rare corner lot opportunity in one of Palo Alto's most desirable neighborhoods. Situated in the heart of Ventura, this 6,016 square foot parcel offers the flexibility to move in as-is, expand, remodel, or build brand new on your own timeline. The added frontage, natural light from two street exposures, and enhanced curb presence make this an exceptional canvas for whatever vision you bring to it. The existing 2-bedroom, 2-bath home features exposed beam ceilings, a cozy fireplace in the living room, and two updated bathrooms. Move in comfortably as-is, or use it as your foundation to expand, remodel, or start fresh with a brand new custom build. Zoned for top-rated Palo Alto Unified schools including Barron Park Elementary, Fletcher Middle, and Henry M. Gunn High School, with easy access to Stanford, Caltrain, El Camino Real, and the best of Silicon Valley dining, retail, and commute corridors. For buyers seeking a foothold in Palo Alto with real room to grow, corner lots of this caliber rarely come available.

Days on Market

0 days

Current Status

Coming Soon

Original Price

$1,995,000

List Price

$1,995,000

On Market Date

Dec 31, 2026

Property Type

Single Family Residence

District

Ventura -

Zip Code

94306

MLS ID

531350282

APN

13234021

Year Built

1949

Stories in Building

0

Possession

Close Of Escrow

Data Source

SFAR

Origin MLS System

Bed

2

Bath

2

Shower Stall(s)

Parking

1

Driveway, Attached, Independent, On Site (Single Family Only)

SQ FT

924

SQ FT Source

Assessor Auto-Fill

Lot SQ FT

6,016.0

Lot Acres

0.1381 Acres

Cooling

None

Dining Room

Dining/Family Combo

Entry Level

0

Flooring

Luxury Vinyl Plank, Tile

Foundation

Slab

Fire Place

Living Room, Wood Burning

Heating

Wall Furnace

Possession

Close Of Escrow

Architectural Style

Bungalow

Fee

$0

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.