1012 High Street is currently for sale. Yes, the Palo Alto home formerly occupied by a young Phil Lesh and which had once hosted a key moment in Grateful Dead history is on the market to the mind-altering tune of $2.4 million.

It is a 100-year-old wood-shingled Craftsman two-bedroom home in the Professorville neighborhood, within walking distance to downtown shops and restaurants. It has a one-car garage (wired for electric car recharging), a large porch (perfect for smoking DMT with friends) and clocks in at 1,008 square feet on a 5,250 square foot lot with redwood and oak trees.

Michael Repka of DeLeon Realty, who is brokering the sale, sees the home’s colorful history as a compelling hook, though not a big booster to the price. “It definitely adds some value,” Repka explains. “It’s such a nice, charming house to begin with, but then when you add in this piece of history it just draws more people in.”

A concert poster advertising a show at Paly for an early incarnation of the Dead. Other local gigs at the time included the Fireside Club in San Mateo, the Cinnamon A-Go-Go in Redwood City, Magoo’s Pizza Parlor in Menlo Park and Frenchy’s in Hayward. (Image courtesy of DeLeon Realty)

Repka suggests the history attached to the location could add three to five percent, though he doesn’t see the home as “something that the Grateful Dead fan club is going to swoop in and buy to preserve as a museum or something. It’s more just interesting background.” (See the full listing for the home here.)

Members of the Grateful Dead had been bouncing around Palo Alto (and East Palo Alto) for years during the early 1960s, beginning with Garcia, an SF native, couching surfing and sleeping in his car after being discharged from the military in 1961. Other (more formal) local residences related to the band include a place at 436 Hamilton Ave in downtown Palo Alto, a Victorian home known as The Chateau on Santa Cruz Ave in Menlo Park that operated as a sort of early hippie commune, as well as Ken Kesey’s place on Perry Lane near the Stanford golf course. These were just a few living quarters among many over the years, on the Peninsula and elsewhere.

“God knows how many different places the band lived in during the course of their really long history,” says Grateful Dead historian (and former publicist) Dennis McNally, whose book A Long Strange Trip: The Inside History of the Grateful Dead contains a few big chapters on the band’s early days around Palo Alto.

Despite all the many locations tied to the band over the years, McNally still acknowledges the High Street home as a “place of real importance to the Grateful Dead” because of the curious tale of how they landed on their name. “It’s a hell of a story,” McNally says, “it’s all true and it happened at 1012 High Street in Palo Alto.”