In a lot of ways, Central Menlo is the new Old Palo Alto. It has always been the most expensive neighborhood in Menlo Park, valued for its eclectic mix of architectures, manicured lawns and charming, tree-lined streets. Residents also love the walkability of Central Menlo, with its proximity to the schools, parks, downtown and Stanford University via the bike bridge.
Central Menlo is also catching up to its renowned neighbor in price. It is no longer unusual for a home to sell for $5 million or higher, especially newer homes on coveted streets like N. Leon, Hillview and Atkinson. Many executives move there for the friendly, community feel, with kids playing in the streets and people exchanging greetings as they walk their dogs. They are willing to pay a premium for a safe, small town feel that is so close to everything. Many residents love the neighborhood so much that when they “move up” to a larger home, they take care to stay within its boundaries.
The difference is what $5 million will buy you in Central Menlo. The lots are oversized compared to Palo Alto, at least 10,000 square feet and up to a half an acre in some cases. The neighborhood is bordered by Johnson Street and Arbor Road to the east, Cloud Avenue to the west, Valparaiso Avenue to the north and Middle Avenue to the south. This location falls within boundaries of excellent public schools—Oak Knoll Elementary, Hillview Middle and Menlo-Atherton High, adding to the overall desirability of Central Menlo.