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Crescent Park

Crescent Park

$4,903,532 Average Value
$245 Average Price per Sq Ft
6 Homes For Sale

“Quintessential Palo Alto”

Crescent Park, one of Palo Alto’s most coveted neighborhoods, is where Silicon Valley’s tech giants choose to settle down. The homes here aren’t mega-mansions; they’re single-family, character-rich homes located near the shops and restaurants of downtown Palo Alto, highly rated schools, and several tech headquarters. “Crescent Park is quintessential Palo Alto,” says Nicholas French, a broker associate at Christie’s International Real Estate Sereno who’s sold homes here for 23 years. “Every house is a little bit different.” Stanford University is also nearby; the school enrolls over 17,000 students and employs over 2,000 faculty members, including 20 Nobel laureates.
Wide-open streets are lined with grand home designs in the Crescent Park neighborhood.
Wide-open streets are lined with grand home designs in the Crescent Park neighborhood.
W Crescent Dr is lined with grand home designs in the Crescent Park neighborhood.
W Crescent Dr is lined with grand home designs in the Crescent Park neighborhood.
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An eclectic mix of home styles

Crescent Park’s largest homes can be found along University Avenue and on streets near San Francisquito Creek; these are mostly early 20th-century revival styles like Tudor, Spanish and Colonial, with a few International-style homes mixed in. Craftsman and Mediterranean-style bungalows are more common in Crescent Park’s southwest. Yards are typically large enough for landscaped gardens, mature shade trees and paved driveways. Residents can enjoy an evening stroll or morning jog along the neighborhood’s wide streets and well-maintained sidewalks.

“People in Crescent Park don’t move very often, so the inventory doesn’t turn over a whole lot,” French says. In April 2024, the median single-family home price was $5.3 million, 44% higher than Palo Alto’s median; prices here are up 6% from 2023. A two-bedroom Mediterranean-style bungalow can start at $1.8 million, while a six-bedroom Dutch Colonial can cost as much as $16.7 million.
Find your perfect home in the Crescent Park of Palo Alto.
Find your perfect home in the Crescent Park of Palo Alto.
Crescent Park's highly valued homes put residents right in the middle of Silicon Valley.
Crescent Park's highly valued homes put residents right in the middle of Silicon Valley.
International-style homes contrast large estates found throughout Crescent Park.
International-style homes contrast large estates found throughout Crescent Park.
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Hands-on publishing experience at Palo Alto High

Local kids can start at Duveneck Elementary, then attend Frank S. Greene Middle; both earn an A-plus from Niche. At the A-plus-rated Palo Alto High, also known as Paly, kids can enroll in the design, visual and media arts career pathway. Students here get hands-on experience in writing and designing for publications like The Campanile newspaper, which publishes eight to 10 issues of local news each year, and Viking Magazine, a sports-focused magazine with six issues a year. Popular private options include the Stratford School, which serves pre-kindergarten through Grade 7, and the Castilleja School for kids in Grade 6 through Grade 12; both earn an A-plus.
Duveneck Elementary School challenges and encourages children to learn in Palo Alto.
Duveneck Elementary School challenges and encourages children to learn in Palo Alto.
Frank S. Greene Jr. Middle School fosters a positive learning environment for its students.
Frank S. Greene Jr. Middle School fosters a positive learning environment for its students.
Palo Alto High School is a highly rated school in Palo Alto.
Palo Alto High School is a highly rated school in Palo Alto.
Stanford University is two miles away from Crescent Park.
Stanford University is two miles away from Crescent Park.
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Community gardens at Eleanor Pardee Park

At the 10-acre Eleanor Pardee Park, residents can stroll around the community gardens or rest in the shade of a eucalyptus tree while watching the kids play on the playground. The 19-acre Rinconada Park includes a swimming pool and tennis courts. Golfers can spend an afternoon at the public Baylands Golf Links, a par-71 course designed by Forrest Richardson. Residents can head downtown to catch a movie at the Stanford Theatre, a classic 1920s movie palace.
Come boxing practice in the fields at Eleanor Pardee Park in Crescent Park.
Come boxing practice in the fields at Eleanor Pardee Park in Crescent Park.
Play a round of tennis or pickleball at Eleanor Pardee Park in Palo Alto.
Play a round of tennis or pickleball at Eleanor Pardee Park in Palo Alto.
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Greek cuisine at TAVERNA

Residents are a short bike ride away from downtown Palo Alto, which has locally owned boutiques and national retailers like Apple and Chico’s. There’s also a variety of restaurants. “One of my favorite restaurants is TAVERNA,” French says; diners here can savor classic Greek dishes like moussaka and avgolemono. Residents can enjoy views with a cocktail at President’s Terrace, Palo Alto’s only rooftop bar. “It was an old hotel used for Stanford,” French says. “They’ve totally redone it and it’s beautiful. I love that they kept that history.” Local produce is available at the weekly Downtown Palo Alto Farmers Market and the family-owned Market at Edgewood.
Crescent Park residents can head to Ettan for an upscale lunch or dinner.
Crescent Park residents can head to Ettan for an upscale lunch or dinner.
Crescent Park residents can savor classic Greek dishes like moussaka and avgolemono at TAVERNA.
Crescent Park residents can savor classic Greek dishes like moussaka and avgolemono at TAVERNA.
Local veggies are available at the weekly Downtown Palo Alto Farmers Market.
Local veggies are available at the weekly Downtown Palo Alto Farmers Market.
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Right off the 101

U.S. Highway 101 borders Crescent Park to the north. The regional Caltrain’s Stanford station is 2 miles south. There are three bus options: SamTrams, the Valley Transportation Authority and the free Stanford Marguerite shuttle. With dedicated bike lanes and sidewalks, Crescent Park is friendly for cyclists and pedestrians. The Menlo Park VA Medical Center is 2 miles northwest, and Stanford Medicine is 4 miles southwest. The Palo Alto Airport, a general aviation municipal airport with no commercial flights, is 3 miles east, and San José Mineta International Airport is a 15-mile trip.
The regional Caltrain’s Stanford station is 2 miles south from Crescent Park.
The regional Caltrain’s Stanford station is 2 miles south from Crescent Park.
U.S. Highway 101 is borders of Crescent Park to the north.
U.S. Highway 101 is borders of Crescent Park to the north.
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The Palo Alto Festival of the Arts on University Boulevard

Over 250 artists, crafters and food vendors line University Boulevard each August for the Palo Alto Festival of the Arts. The Italian Street Painting Expo is a highlight; residents can watch chalk artists create large masterpieces on Tasso Street over two days.

2020’s wildfire season

While Crescent Park is at low risk for wildfires, the Santa Cruz Mountains to the south and the Diablo Range to the east are at high risk. Though property damage from wildfires is unlikely, residents might see ash and smoke. The last major wildfires were in 2020 when almost 400,000 acres burned in the Diablo Range to the east and almost 90,000 acres burned in Santa Cruz County to the south.
Annie Franklin
Written By
Annie Franklin
Christopher Lau
Photography Contributed By
Christopher Lau
Peter Medawar
Video By
Peter Medawar

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Carrie Davis, an experienced agent in this neighborhood.

Parks in this Area

Crime and Safety

1 - Low Crime, 10 - High Crime Crescent Park US
Homicide 2 4
Sexual Assault 2 4
Assault with Weapon 2 4
Robbery 4 4
Burglary 4 4
Motor Vehicle Theft 4 4
Larceny 4 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Crescent Park Demographics and Home Trends

Housing Trends

Median List Price
$415,000
Median Sale Price
$380,000
Median Single Family Sale Price
$409,000
Median 2 Bedroom Sale Price
$450,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
6
Median Home Sale Price YoY Change
-26%
Average Price Per Sq Ft
$245

Neighborhood Facts

Number of Homes in Neighborhood
1,156
Number of Homes for Sale
6
Median Year Built
1939
Months of Supply
12.00
Average Single Family Home Size Sq Ft
2,645
Significantly above the national average
1,924
Average Townhouse Size Sq Ft
2,366
Average 2 Bedroom Size Sq Ft
1,261
Average 1 Bedroom Size Sq Ft
919
Median Lot Size Sq Ft
7,840

Open Houses

  • Saturday, Aug 2
    1:30 - 4:30pm

    789 University Ave, Palo Alto, CA 94301

    $5,988,000

    • 5 Beds
    • 4 Baths
    • 3,536 Sq Ft
    • 789 University Ave
    • New 26 days ago

    In the heart of Crescent Park, this stately colonial home offers a rare combination of presence, character, and livability. A column-framed entrance leads to warm interiors that showcase the home's more than century-old heritage, with hardwood floors, detailed millwork, and vintage glass doorknobs throughout. While the architecture reflects a bygone era, the layout feels comfortably in step with

    Michael Repka Deleon Realty

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  • Saturday, Aug 2
    2 - 4pm

    765 University Ave, Palo Alto, CA 94301

    $6,288,000

    • 3 Beds
    • 3.5 Baths
    • 3,798 Sq Ft
    • 765 University Ave

    Price Improvement! Consessions Considered! Private, Gated retreat just blocks from Downtown!Elegant and secure, this quiet home offers a flexible multi-generational layout and exceptional indoor-outdoor living. Features include 3 fireplaces, hardwood floors, an updated kitchen with high-end appliances, and an oversized dining room perfect for entertaining. The enclosed sunporch adds valuable flex

    Katie Fanning O'Shea Golden Gate Sothebys International Realty

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  • Saturday, Aug 2
    2 - 5pm

    41 Regent Place, Palo Alto, CA 94301

    $6,498,000

    • 5 Beds
    • 3 Baths
    • 3,600 Sq Ft
    • 41 Regent Place

    Welcome to your dream home! This stunning Feng Shui-inspired residence, boasting spacious interiors , was expertly crafted in 1998. With 5 bedrooms, 3 full baths, a separate office, and elegant formal dining and living rooms, this home offers a perfect blend of comfort and sophistication. The heart of the home is the open, eat-in kitchen that flows seamlessly into the large family room, creating

    Michelle Taser Compass

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Carrie Davis, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
3,496
Median Age
48
Population Density
10 ppl/acre
Population under 18
21.7%
On par with the national average
23.8%
Population over 65
25.3%
Above the national average
19.1%

Finances

Median Household Income
$252,252
Significantly above the national average
$71,702
Average Household Income
$247,400

Education and Workforce

High School Graduates
96%
College Graduates
86.8%
Significantly above the national average
34.1%
Advanced Degrees
63%
Significantly above the national average
13.3%
% Population in Labor Force
66.2%

Weather

Annual Precipitation
14''
Average Winter Low Temperature
39°F
Average Summer High Temperature
80°F
Annual Snowfall
0''

Area Factors

Very Bikeable

Bike Score®

77 / 100

Car-Dependent

Walk Score®

48 / 100

Some Transit

Transit Score®

39 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Reviews

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Crescent Park