Down in housing-starved Silicon Valley, the offerings are as pricey and they are charming. Take, for example, this bungalow-style home in Palo Alto.

Featuring two beds, one bath, and 897 square feet, 128 Middlefield Road comes with enclosed courtyard garden, hardwood floors, eat-in kitchen, wood-burning fireplace, bay windows, detached cottage with skylights, and more.

The home was recently renovated too, and benefits from close proximity to all of the trappings Palo Alto has to offer for the well-to-do family-friendly set.

Of course, like almost every abode in the area, the asking price is tall. Then again, this is Palo Alto, one of several Silicon Valley towns that keep housing at a minimum.

It’s important to note that while the home is a cozy affair, it sits on an ample 4,361-square-foot lot—i.e., the property’s real eye candy for bidders looking to bulldoze and build.

Last sold in 2008 for $899,000, 128 Middlefield Road returns to the market asking $2,589,000.