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Location, lot and potential! Situated in desirable lower El Granada, just a short stroll from Surfers Beach, the Coastal Trail and local schools, this 2-bedroom, 1-bath home offers an exciting opportunity on an expansive 12,000 sq ft lot. With approximately 760 sq ft of living space, there's plenty of room to imagine what comes next. Refresh the existing home and enjoy the oversized yard, explore expansion possibilities, or pursue subdivision to create an additional parcel for future development or sale (subject to County requirements & approvals.) Inside, the home features an eat-in kitchen with gas range and refrigerator, a bathroom with a shower over the tub, and forced-air heating. A detached 2-car garage provides ample parking, storage and workshop space. The large yards were once home to thriving vegetable and flower gardens, as shown in the historical photos. Established fruit-bearing trees - 3 lemon, 4 apple & 2 pear - remain a reminder of what could flourish here again. Whether you're looking for a coastal home to make your own, room to expand, or the longer-term possibilities of an unusually large parcel, 978 Palma St offers multiple paths forward. Bring your vision and explore what 12,000 sq ft of possibility can offer in lower El Granada.
Listing agent: Stephanie Sills DRE #02060529 stephanie.sills@compass.com, Listing office: Compass
MLS data updated 10/31/2026, 12:32:49 PM PT
Source: CRMLS, MLS #: ML82058225
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 29, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,205,000Closed sale · Sep 29, 2026ZIP 94018 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.