Thanks very much to Burbed reader Real Estater, who passes along the news that We’re Number One. Again. That is, We’re Number One as long as you don’t count ranches with a hundred thousand acres in Montana.
By Pete Carey, SJ Mercury News
Posted: 01/25/2013 07:00:12 PM PST; Updated: 01/25/2013 09:13:29 PM PST
WOODSIDE — A legendary investor’s sprawling estate here has sold for $117.5 million, one of the highest prices ever for a residential property in the U.S.
The sale price eclipses the previous Silicon Valley record of $100 million paid for a Los Altos Hills mansion by Russian investor Yuri Milner in 2011 and comes amid a red-hot market for luxury home sales in Silicon Valley and the Peninsula.
The private sale was closed in November between the owner, private equity investor Tully M. Friedman, and an undisclosed buyer represented by SV Projects, according to public records.
Nice going, San Jose Mercury “We once were a real News organization! Really!” You’re reporting on a record-breaking property sale and couldn’t find any pictures of the property? And it’s not like you didn’t have a few leads to go look for them. Like the one from SFLuxe you alluded to at the end of your story and didn’t even hotlink in.
Their article has several excellent photos of delicious houseporn, all credited to photographer Jay Graham.
SFLuxe states their article is an exclusive, so they must have an arrangement with Graham to feature his photos. Do check out their article. In the meantime, Redfin is redirecting any requests to see the property record with a lovely redirect loop, so let’s see what we can find out elsewhere.
Update 20:50 — The Redfin link is working again but it’s been somewhat scrubbed. What a coinky-dinky.
California > Redwood City > 94062
Not for Sale
Rent Zestimate: $12,677/mo
Single Family:8,930 sq ft
Lot:391,604 sq ft
Last Sold:Jul 1997 for $8,000,000
This 8930 square foot single family home has 4 bedrooms and 4.5 bathrooms. It is located at 360 Mountain Home Rd Woodside, California.
Sure makes you wonder about those Zestimates when they’re off by 500%, although it’s hard to model paying top dollar for bragging rights.
We’re not going to find much in the public real estate websites, because the property was never listed for sale. Still, the SFLuxe article gives a few hints. The architect is Allan Greenburg, who featured four photos of the house in his online portfolio:
This northern California home sits in an elaborate hilltop garden. Reflecting the strong Palladian tradition in the United States, it is planned around hyphens and dependencies and features a double volume, elliptical garden room.
And as to why we are almost Number One in expensive real estate transactions? There’s that 124,000 acre ranch in Montana that Stan Kroenke bought, listed for $132.5 million (including the cattle).
Update 20:50: Adding in an aerial shot. Note the road at the side of the house is not where the entrance is, that’s far off beyond the lower right.
Anyway, eat your heart out, Yuri Milner.