Real Estate
Palo Alto Home Fetches $20M: Report
Cash buyer scoops up 1500 Cowper St. property, The San Jose Mercury News reports.
![The report identified the buyer as Tall Stick Properties.](https://patch.com/img/cdn20/users/22137850/20200911/012703/styles/patch_image/public/screen-shot-2020-09-11-at-95600-am___11125634099.png)
PALO ALTO, CA — A cash buyer paid $20 million for a sprawling high-end Old Palo Alto district home, The San Jose Mercury News reports.
The 7,900-square-foot five-bedroom and eight-bathroom home on1500 Cowper St. was newly built on a third of an acre the report said.
The report identified the buyer as Tall Stick Properties.
Find out what's happening in Palo Altowith free, real-time updates from Patch.
The deal points to strength in the high-end real estate market, realty executive Michael Dreyfus of The Dreyfus Group told The Mercury News.
“This area is doing very well for ultra-high-end real estate,” Dreyfus said. “We sold a house for $23 million in Woodside during the worst of the coronavirus problems in April.”
Find out what's happening in Palo Altowith free, real-time updates from Patch.
Read more in The San Jose Mercury News
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