Keri Nicholas of Alain Pinel Realtors said she recently closed a sale on a home at 520 Olive St. in Menlo Park for $5,998,000, which she said set a per-square-foot sales price record in Menlo Park at $1,630 per square foot.
"This custom home is the essence of understated, elegant living," said Ms. Nicholas, who represented the seller, Benchmark Builders, which constructed the 3,661-square-foot, four-bedroom, five-bath home.
Some of the house's custom finishes and design elements, she said, are: 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 kitchen; separate walk-in and butlers pantries; Lutron Home Automation; and master bath marble countertops.
Inventory remains "remarkably low" in Menlo Park, Ms. Nicholas said. "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."