Nearly $6 Million Custom Home Sets Per-Square-Foot Record in Menlo Park
Posted by Rod Hughes — April 5, 2016
MENLO PARK, CA – Proving the appetite for remarkable living in Menlo Park remains strong, Keri Nicholas of Alain Pinel Realtors recently completed a home sale valued at $1,630 per-square-foot, setting a record for the highest-priced single family home in the city of Menlo Park. The home, located on Olive Avenue, closed at $5,998,000.
“This custom home is the essence of understated, elegant living while providing unmatched finishes,” said Nicholas, who represented the seller in the transaction. “From stunning floors to rich design elements and high-end appliances, this home is exceptionally well designed. Add in its prime location in Menlo Park, and its not hard to understand why this home set a record.”
Benchmark Builders, well known for its innovative designs and custom finishes, constructed the four bedroom, five bath plus office home in 2016. The builder also constructed Menlo Park’s most recent record holder for the highest priced per-square foot home in the area, located at 1355 Hillview Avenue – which was also sold by Nicholas.
A few of Olive Avenue’s custom finishes and design elements include: grass cloth wallpaper in the dining room, a 48-inch Wolf six-burner range and a custom-cabinet-encased Sub Zero 48-inch integrated refrigerator in the gourmet kitchen, separate walk-in and butlers pantries, Lutron Home Automation, master bath marble countertops and numerous upgrades not found in typical new construction.
For Nicholas this record-setting transaction reaffirms her commitment to the strength of the Menlo Park market, where both she and her office maintain number one market share.
“This community is in demand and inventory remains remarkably low. Homes in this area are only on the market about 21 days from listing through closing, so when opportunities present themselves buyers move quickly and that benefits motivated sellers,” said Nicholas. “Along with my marketing team, we highlight a style of living at the center of a remarkable region that helps maintain Menlo Park’s status as one of the most desirable places to live in the Bay Area, while finding opportunities for buyers and sellers alike.”
About Alain Pinel Realtors
Alain Pinel Realtors (APR) is the fifth largest residential real estate firm in the United States and the largest privately-owned residential real estate company in California based on its closed-sales volume. The firm has 1,400 agents in more than 30 offices throughout Northern California. Celebrating a quarter century in Bay Area real estate, APR was founded in 1990 by CEO and President Paul L. Hulme, and is based in Saratoga, California. Visit us at apr.com, china.apr.com, facebook.com/AlainPinelRealtors, and @AlainPinel.