Remember the $75 million Los Altos Hills property that Yuri Milner bought? It turned out that he actually paid $100 million, making it one of the most expensive private residential sales in the United States. We’re #1! We’re #1!
This one isn’t #2, but it’s still a pretty healthy chunk of change.
The Wall Street Journal, Private Properties, April 29th 2011
The sellers of the Atherton, Calif., property, called Pine Brook, are the children of San Francisco philanthropist Madeleine Haas Russell, who died in 1999. The family has owned it for a century and used it as a summer retreat. There’s a main, English Tudor-style house of more than 11,000 square feet. There’s also a 6,500-square-foot guest house, a swimming pool, pool house, tennis court and gardens.
The family members say in a statement that they always intended to eventually sell the land. Listing agent Mary Gullixson of Alain Pinel Realtors says the estate is an unusually large offering.
Can’t find it on Zillow or Redfin, but a search for “Pine Brook Atherton” yields the address 237 Atherton Avenue, owned by Pine Brook LLC. And that property is a 5 bedroom, 2 bath, 2050 square footer, with another 2280 unfinished. And it’s sitting on… 414,600 square feet? That’s nine and a half acres. In Atherton. So how did they get 12 acres, do they own some of the other parcels too?
Here it is from the back, best view there is.
But the WSJ piece says that the property has an 11,000 sf English Tudor main house and a 6,500 sf guest house. Wonder who at the assessor’s office missed all that? They sure fooled Zillow; the Zestimate on this place is $1,913,500, and you should be able to rent it for just $7828 a month. And if you want a comp, here’s ten acres in Atherton with a much larger house that was offered for $22.5 and scooped up for only $18 million.
Obviously this listing is so hush hush that the agent won’t even feature it on her website.