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Silicon Valley's housing crisis is so dire that this 897-square-foot Palo Alto home is selling for $2.59 million

Business Insider Logo By Katie Canales of Business Insider | Slide 1 of 13:  A small-yet-charming 897-square-foot residence in Palo Alto, CA could be yours for a cool $2.59 million.  The two-bedroom, one bathroom home, at 128 Middlefield Road, is yet another downsized abode selling for millions in Silicon Valley's overheated real estate market. With the famed Googleplex a mere 15 minutes away, and the hubs of other tech giants also nearby, the home and others like it are in high demand. The last time this home sold was in 2008 for $899,000, according to  Redfin. Now with an asking price of $2,589,000, the home is actually priced below the average for the upscale city of Palo Alto - sort of. That price tag comes out to $2,886 per square foot, which is $1,430 above the average for the area. Take a look at what $2.59 million will get for the home's future owners.

A small-yet-charming 897-square-foot residence in Palo Alto, California, could be yours for a cool $2.59 million.

The two-bedroom, one bathroom home, at 128 Middlefield Road, is yet another downsized abode selling for millions in Silicon Valley's overheated real estate market. With the famed Googleplex a mere 15 minutes away, and the hubs of other tech giants also nearby, the home and others like it are in high demand.

The last time this home sold was in 2008 for $899,000, according to Redfin. Now with an asking price of $2,589,000, the home is actually priced below the average for the upscale city of Palo Alto -- sort of. That price tag comes out to $2,886 per square foot, which is $1,430 above the average for the area.

Click ahead to see what $2.59 million will get for the home's future owners.

© Matthew Anello for Alain Pinel Realtors
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