An estate has sold in the wealthy northern California community of Woodside for $117.5 million, making it one of the highest-priced residential sales ever in the U.S.
Woodside is known for its striking equestrian neighborhoods and billionaire Silicon Valley homeowners, among them Oracle Corp. chief Larry Ellison. It also is the site of Filoli, a landmark country estate designed by Willis Polk, with 16 acres of gardens and another 654 acres of grounds used in the filming of "Heaven Can Wait."
The seller was Tully Friedman, chief executive of Friedman, Fleischer and Lowe, a San Francisco-based private equity firm. The property was purchased in the name of SV Projects LLC.
The neoclassical-style house, built in 2005 and designed by architect Allan Greenberg, has 360-degree mountain views from its hilltop perch of nearly 9 acres. A swimming pool with a pool house, a tennis court and formal gardens surround the main house, which is featured in the book "Extraordinary Homes California: An Exclusive Showcase of the Finest Architects, Designers and Builders in California." Features include an ellipse-shaped garden room with a domed roof and several sets of double French doors.
Public records show the building size is 8,930 square feet and calculate the sale price at $13,158 per square foot.
The sale tops that of a mansion purchased by Russian investor Yuri Milner in 2011 for $100 million in nearby Los Altos Hills.
ALSO:
Supply of 'shadow' homes declines again
Home sales jump to highest pace in three years
Builder confidence in housing is highest in six years
Follow me @LATHotProperty
Estate in Woodside sells for $117.5 million
This article
Estate in Woodside sells for $117.5 million
can be opened in url
http://newsmonitoran.blogspot.com/2013/01/estate-in-woodside-sells-for-1175.html
Estate in Woodside sells for $117.5 million
