Sold for $100 million! A California estate in Silicon Valley now holds the title for the highest priced single family home in U.S. history. The 25,500 square foot, french chateau style mansion was purchased by a billionaire Russian investor who has no immediate plans of moving in. WSJ offered the following facts on the mega mansion.
Fast Facts on The Highest Home Price in U.S. History:
Buyer: Billionaire Yuri Milner, age 49
Business: Heads Digital Sky Technologies – Investor in Facebook, groupon and Zynga (among others)
The Los Altos Hills Mansion: 25,000+ sq ft, ballroom, indoor and outdoor swimming pools, San Francisco Bay views, tennis court and every luxury you can possibly imagine.
Sellers: Fred & Annie Chan
Business: ESS Technology - Consumer video and audio equipment
The news is worthy of note because of the price tag, but analysts are also pointing out that the big buy is also a big sign that ultra high-end luxury real estate does have immunity in the market. It’s something we’ve seen right here in Scottsdale, with the Phoenix Business Journal pointing out a similar type of immunity in the gated community of Silverleaf. The Moen Group founding partner, Todd Moen, was interviewed by The Business Journal for that one and pointed to the appeal of Silverleaf’s location and the world class club for some of the reasons why. For more on Silverleaf and Todd’s take, visit themoengroup.com
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Category: California Real Estate
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