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New Faculty Housing

University Terrace

University Terrace, new community of homes for Stanford faculty is under construction on 17 acres on California Avenue in Palo Alto, across from Amherst/Dartmouth Streets. This is Stanford University land that was part of the Research Park and is being redeveloped for faculty housing. This project is in early construction and the following are facts about this community as we now know them. This webpage is subject to change and will be updated as more information becomes available.

Availability The first homes will be available in late 2016. Final completion is planned for late 2018. These dates are subject to change.
Number & Sizes
Of Residences
180 Total Units

68 Single Family Homes

  • 3BR/2.5BA to 6BR/4BA
  • 1800 sq ft to 2900 sq ft
  • Lot sizes range from 2600 sq ft to 7600 sq ft

112 Condominiums

  • Served by elevators
  • 2BR/2BA to 4BR/3BA flats
  • Approximately 1000 sq ft to 2400 sq ft
  • In two 4-story buildings
Style of Residences
Single Family
Craftsman, Spanish, European, Prairie, Contemporary
Condominiums Contemporary flats with balconies
Parking Single family homes have 2-car garages, and most will have driveway aprons.

Condominiums will have 2 secured underground parking spaces each.

Approximately 100 on-street guest parking spaces.

Amenities Lap Pool with spa, Outdoor BBQ

Community Building with Dining Room

Central Open Park

Community Fitness Facility

Tot Lot

Municipality City of Palo Alto
Land Owner Stanford University
Schools Palo Alto Unified School District

Specific Schools to be Determined

Lease 51 year restricted Ground Lease
Pricing Prices will reflect the restrictions of the Ground Lease and will be set nearer to completion of construction. There will be HOA fees.
Eligibility At this time, priority is planned for:

Faculty, who are members of the Academic Council, who are first time homebuyers* or who have not owned a detached single-family home within the Qualifying Limit in the three years prior to receipt of a written offer of employment from Stanford.
Interest List An interest list will be available in late 2015. If demand exceeds the supply of homes a lottery will determine which faculty will have an opportunity to purchase.

* A first time homebuyer is someone who has never had an ownership interest in a residential property located within the Qualifying Limit in the three years prior to receipt of a written offer of employment from Stanford.

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Important Notice
Nothing on this site or in the documents it contains should be construed as an offer or commitment of any kind. Programs and eligibility requirements can be changed or discontinued without notice.

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