Palo Alto · Santa Clara County Tree-canopied avenues

Crescent Park

North Palo Alto's quiet estate neighborhood — larger lots, deeper canopy

Median Sale
$4,125,000
April 2026 · 48 closings

Crescent Park Real Estate Market Snapshot

Median Sale Price
$4,125,000
+6.3% vs prior-year median
Avg. Days on Market
15
% List Price Received
107%
Homes Sold (April 2026)
48
Median price trend
2025 · $3,880,000 April 2026 · $4,125,000
List-price received
107%
90%100%120%+

As of April 2026 · Source: SCCAOR/MLSListings

Living in Crescent Park

Crescent Park is the residential neighborhood directly north of University Avenue, bounded by San Francisquito Creek (the Menlo Park boundary) to the north, Middlefield Road to the east, University Avenue to the south, and Alma Street to the west. To outsiders it is often confused with Old Palo Alto, but Peninsula buyers and listing agents draw a clear distinction.

Where Old Palo Alto has a denser, more walkable, university-village feel, Crescent Park reads as an estate neighborhood. Lot sizes here typically run 10,000 sf to half-acre, with deep setbacks, circular drives, and curated landscaping. The streets — Hamilton Avenue, Lincoln Avenue, Tasso Street, Edgewood Drive, Lowell Avenue — feel more residential and less in-foot-traffic. Mature redwoods and oaks create one of the densest urban tree canopies on the Peninsula.

Schools

Palo Alto Unified School District: Duveneck or Walter Hays Elementary, Greene Middle, Palo Alto High School (Paly). Top-tier statewide. Verify elementary boundary by address.

Lifestyle

Quiet residential character, deep tree canopy, larger lots than Old Palo Alto. Walking distance to University Avenue and downtown Palo Alto. Adjacent to Rinconada Park, Lucie Stern Community Center, and the Palo Alto Art Center.

Price Ranges

Standard-lot updated homes: $7M-$12M. Larger-lot updated estates: $12M-$25M. Architecturally significant or assembled lots: $25M-$50M+. Inventory: 12-25 sales/year.

Frequently Asked Questions about Crescent Park

What is the transfer tax in Crescent Park, Santa Clara County?
Santa Clara County charges a base transfer tax of $1.10 per $1,000 of consideration. The county's largest cities (San Jose, Mountain View, Palo Alto) impose additional municipal transfer taxes — confirm the rate that applies to Crescent Park with escrow.
What disclosures are required when selling a home in Crescent Park?
California requires Transfer Disclosure Statement, Natural Hazard Disclosure, lead-based paint (pre-1978), water-conserving plumbing fixtures, and smoke and carbon monoxide alarm certifications. Santa Clara County properties may also need to comply with local supplemental disclosures depending on the city.
What is the difference between median and average home price in Crescent Park?
Median price is the middle number when all sale prices are sorted — half of homes sold above, half below. It resists distortion from a few very expensive sales. Average price is the arithmetic mean and can be skewed upward by individual high-end transactions. Median is the more reliable indicator of typical Crescent Park home pricing.

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Browse current listings in Crescent Park with Lisa M. Lum.

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Last updated 2026-05-19 · By Lisa M. Lum, Realtor® · Coldwell Banker Realty · DRE 02005150