By Alicia Lanier, REALTOR
Just the other day, one of my Dallas-area colleagues – knowing of my California connection – shared that her mother-in-law had been gifted for her 70th birthday with a multi-million dollar West Coast “beach home” with upwards of 7,000 sq. ft. in Southern California. It’s her get-away home. All parties shall remain nameless, but we certainly wish Mother-in-Law many happy returns and some equally fabulous gifts as well.
Next comes news from Northern California, to be specific the trendy Silicon Valley, where it turns out a Facebook (it’s everywhere!) investor from Russia has paid the highest price ever for a U.S. property. A Wall Street Journal article yesterday said a cool $100 million was the going price for a 25,500-square-foot French Chateau mansion-estate in Los Altos Hills. And (wait for it), this is the Buyers’ get-away home!
Google Earth View of $100 Million Mansion in Los Altos Hills
The home: It is a symmetrical limestone mansion with San Francisco Bay views that was inspired by 18th-century French chateau. There are indoor and outdoor pools, a ballroom and a wine cellar. The grounds include a tennis court and inside are chandeliers and a frieze around a skylight in the entryway, among other details. Architect William Hablinski, who worked on the project with his then-partner Richard Manion, says there was “no real budget” for the home.
The Buyer: Yuri Milner, 49, heads Digital Sky Technologies; investments include Facebook Inc., Groupon Inc. and Zynga Inc., evidently has no immediate plans to move into the home which was completed in 2009. He lives in Moscow with his wife and two children. DST’s first investment in the U.S. was a $200 million check for Facebook in 2009.
Fantasy homes – doncha love ‘em?!
Alicia Lanier is a REALTOR in the Silicon Valley and represents both Home Sellers and Home Buyers. Planning to sell or buy in the near future? Email Alicia@AliciaLanier.com. California License #01318807. California Broker: Keller Williams.
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