Millman Team Real Estate

$25,000,000
0.45 Acre Lot

824 San Antonio Road, Palo Alto, California 94303

  • Business Opportunity Property Type
Property Description

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.

Basic Details
Business Opportunity
For Sale
ML82051160
$25,000,000
0.45 Acre
Active
Features
$0
Address Map
CA
Santa Clara
Palo Alto
94303
San Antonio
824
Road
W123° 53' 55.6''
N37° 25' 15.9''
US101 > San Antonio Rd exit
699 - Not Defined
CS
Additional Information
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$0
$0
$0
$0
48465
Other
2026-06-15
Broker/Agent Information
Legacy Real Estate & Associates
Ken Kho
Listing Information
ML472352
ML27461
Active
2026-06-16T07:24:43Z
CRMLS
2026-06-15T16:58:10Z
Agent info
Ray Millman
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