A mansion-style home in Atherton, Calif. High-end homes in Atherton are selling like hotcakes, and often over the asking price, and frequently for all cash. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. All Rights reserved. And for Google's Eric Schmidt, HP's Meg Whitman, Facebook's Sheryl Sandberg and Charles Schwab, Atherton is home. And they won, too, with Mr. Hurley agreeing to settle by paying them $440,000. Location is a big reason why Atherton is the perfect place for the super-rich. He's now buying a plane so he can show Chinese and Indian buyers the beautiful views of what they could be buying. James Breyer's House. While the homebuying market has bounced back somewhat in several parts of the country, Atherton is a glaring example of how the high end of the high end of the market is surging, and prices continue to go to stratospheric heights. His acquisition of the Hurley property more than triples his compound’s size, though Yolanda has no idea what he plans to do with the grounds. Note: VirtualGlobetrotting is an entertainment website is and is not associated Numerous bigshots have called Woodside home: Larry Ellison, Steve Jobs, Softbank CEO Masayoshi Son, GoPro CEO Nick Woodman and Charles Schwab. San Francisco’s hustle and Silicon Valley’s bustle have driven numerous Bay Area businesspeople to seek stress relief outside of work. We want to hear from you! × Location URL. Yes, before the special Keeping Up With The Kardashians episode even had a chance to air! Anti-wealth graffiti rattles rich enclave, Silicon Valley boom eludes many, drives income gap. The town is 45 minutes south of San Francisco, and less than 20 minutes to the headquarters of Facebook, Google and most of the major tech companies in Silicon Valley. Send us a tip using our anonymous form. Listing agents: Shena Hurley & Susie Dews, Golden Gate Sotheby’s International RealtySelling agent: Brad Miller, Alain Pinel Realtors, Get our latest stories in the feed of your favorite networks. There are eligibility requirements to … It sold in January (2019) for $14,250,000, or a $4.25 million profit before taxes, closing costs and realtor fees. Another one of those lucky peeps is tech mogul Chad Hurley, who co-founded YouTube with Steve Chen and Jawed Karim. The billionaire founder of the Charles Schwab Corporation, lives here. All Rights Reserved. cache 5h 1m Anyway, records show the Hurleys also own property in New York City — they’ve got two small units in a historic West Village condo building. 51ms. That's saying something when you are talking about $10 million-plus estates. But brokers say Atherton is by far the most sought-after location and buyers are moving fast. Kimye was furious at Mr. Hurley for profiting off their intimate moment (which occurred in a gigantic baseball stadium). According to a recent survey by Forbes.com, the small town in the heart of Silicon Valley has been called the most expensive ZIP Code, 94027, in the nation. Transcendental meditation is all the rage up there, as are sensory deprivation tanks. Everything that drives the tech sector, the local economy, venture capital, private equity. Mr. Barger’s current Woodside residence is a 4+ acre property with a 6,000-square-foot house. Close. Just in the first quarter of 2014, there were seven sales of mansions in Atherton in excess of $10 million. Brokers say their buyers are all cash and that investors from China will often pay for a mansion sight unseen. Take the picturesque town of Woodside in San Mateo County — the equestrian-oriented village is almost completely surrounded by nature preserves and filled with mature oak, redwood and pine trees. At the time of the Hurleys’ 2013 purchase, the 10.4-acre Woodside estate contained several decrepit buildings, a tennis court, a pool and numerous mature oak trees. The billionaire founder of the Charles Schwab Corporation, lives here. The average home price is up close to 40 percent year over year, according data compiled by several Silicon Valley real estate agencies. | In fact, Atherton is the most expensive real estate ZIP code in the entire United States. Charles Schwab, he of Charles Schwab, lives in Atherton. Allow map scroll ... Charles Schwab's House. The Wests are known for being very private people, after all. The big-bucks buyer, interestingly enough, happens to be the couple’s next-door neighbor.
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