Rare opportunity involving VeRa, a proposed boutique luxury Continuing Care Retirement Community (CCRC) in Palo Alto, California. Fully entitled 27-residence community designed to serve affluent seniors seeking a personalized, hospitality-driven environment with continuity of care. Planned community includes Independent Living and Assisted Living residences, ground-floor commercial space, and a purpose-built luxury senior living facility in one of the most affluent and supply-constrained senior housing markets in the United States. Ownership is seeking an experienced senior living operator, healthcare-related group, hospitality-oriented organization, or other qualified strategic participant for up to approximately 45% participation in the operating business platform. Entitlements approved and permitting in process. Significant barriers to entry, strong demographic fundamentals, and luxury positioning create a unique opportunity within the senior housing sector. Confidentiality agreement required for access to detailed information.
Details
MLS #
ML82051160
Listing Type
For Sale
Building Name
VeRa CCRC
Sub-Type
Resale
Status
Active
Days On Site
92
Listing Provided By
Legacy Real Estate & Associates | Ken Kho
Features
SQ Feet
48,465
Zoning
CS
Acreage
0.45
Area Information
State
CA
County
Santa Clara
City
Palo Alto
Zip Code
94303
Area
699 Not Defined
Listing VS Median (in 94303)
Price: $25,000,000
low | high
Med: $1,224,444
100% of Average
sqft: 48,465
low | high
Med: 1,370
100% of Average
$ / sqft: $516
low | high
Med: $948
33.682963070005% of Average
On site: 92
low | high
Med: 56.5
100% of Average
Sourced by Back At You
Market Activity 94303
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2026
Sales: 3
Avg $ Per SqFt: $1847.48
Min Sale Price: $1,650,000
Max Sale Price: $6,899,000
Med Sale Price: $3,900,000
Date: Jul 2026
Sales: 6
Avg $ Per SqFt: $1262.61
Min Sale Price: $880,000
Max Sale Price: $4,580,000
Med Sale Price: $1,072,500
Date: Jun 2026
Sales: 10
Avg $ Per SqFt: $1146.4
Min Sale Price: $810,000
Max Sale Price: $6,210,000
Med Sale Price: $1,345,444
Date: May 2026
Sales: 5
Avg $ Per SqFt: $1349.27
Min Sale Price: $930,000
Max Sale Price: $4,417,028
Med Sale Price: $1,100,000
Date: Apr 2026
Sales: 15
Avg $ Per SqFt: $1953.34
Min Sale Price: $475,000
Max Sale Price: $5,710,000
Med Sale Price: $3,000,000
Date: Mar 2026
Sales: 14
Avg $ Per SqFt: $1509.33
Min Sale Price: $645,000
Max Sale Price: $5,380,000
Med Sale Price: $1,132,500
Date: Feb 2026
Sales: 11
Avg $ Per SqFt: $1525.46
Min Sale Price: $998,000
Max Sale Price: $3,750,000
Med Sale Price: $2,940,000
Date: Jan 2026
Sales: 7
Avg $ Per SqFt: $1313.38
Min Sale Price: $1,035,000
Max Sale Price: $6,580,000
Med Sale Price: $2,428,000
Date: Nov 2025
Sales: 3
Avg $ Per SqFt: $1468.18
Min Sale Price: $580,000
Max Sale Price: $9,150,000
Med Sale Price: $1,125,000
Sourced by Back At You
Aug 2026
Sales:
3
Avg $ Per SqFt:
$1847.48
Min Sale Price:
$1,650,000
Max Sale Price:
$6,899,000
Med Sale Price:
$3,900,000
Jul 2026
Sales:
6
Avg $ Per SqFt:
$1262.61
Min Sale Price:
$880,000
Max Sale Price:
$4,580,000
Med Sale Price:
$1,072,500
Jun 2026
Sales:
10
Avg $ Per SqFt:
$1146.4
Min Sale Price:
$810,000
Max Sale Price:
$6,210,000
Med Sale Price:
$1,345,444
May 2026
Sales:
5
Avg $ Per SqFt:
$1349.27
Min Sale Price:
$930,000
Max Sale Price:
$4,417,028
Med Sale Price:
$1,100,000
Apr 2026
Sales:
15
Avg $ Per SqFt:
$1953.34
Min Sale Price:
$475,000
Max Sale Price:
$5,710,000
Med Sale Price:
$3,000,000
Mar 2026
Sales:
14
Avg $ Per SqFt:
$1509.33
Min Sale Price:
$645,000
Max Sale Price:
$5,380,000
Med Sale Price:
$1,132,500
Feb 2026
Sales:
11
Avg $ Per SqFt:
$1525.46
Min Sale Price:
$998,000
Max Sale Price:
$3,750,000
Med Sale Price:
$2,940,000
Jan 2026
Sales:
7
Avg $ Per SqFt:
$1313.38
Min Sale Price:
$1,035,000
Max Sale Price:
$6,580,000
Med Sale Price:
$2,428,000
Nov 2025
Sales:
3
Avg $ Per SqFt:
$1468.18
Min Sale Price:
$580,000
Max Sale Price:
$9,150,000
Med Sale Price:
$1,125,000
MLS#: ML82051160 Listed By: Ken Kho - Legacy Real Estate & Associates - 5107443500-
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MLS#: ML82051160 Listed By: Ken Kho - Legacy Real Estate & Associates - 5107443500-
