A sprawling park-like estate and mansion located in Silicon Valley was recently purchased by a mystery buyer for over $20 million. The Walsh Estate in Atherton was sold by former Google CEO Eric Schmidt and his wife Cindy Schmidt for $22.5 million. The property, which spans three acres, was sold to an entity called Olowalu in an all-cash deal. The sale price was $2 million below the original asking price of $24.5 million.
Eric Schmidt, who served as CEO of Google from 2001 to 2011 and then as executive vice president of Alphabet from 2015 to 2017, listed the Walsh Estate for sale through a real estate brokerage called The Resolve Group. The property includes a mansion, guest house, greenhouse, and extensive grounds that provide privacy and natural serenity, according to the listing website.
The new owner of the Walsh Estate has the opportunity to redefine what a legacy property can be, according to The Resolve Group. The property’s unique features and prime location in the heart of Silicon Valley make it a coveted piece of real estate in the area.
Overall, the sale of the Walsh Estate demonstrates the high demand for luxury properties in Silicon Valley, where tech executives and high-net-worth individuals are willing to pay a premium for exceptional real estate. With its lush grounds and well-appointed mansion, the Walsh Estate is a prime example of the type of luxury property that attracts buyers looking for privacy, serenity, and prestige.
As the former residence of Eric Schmidt, a prominent figure in the tech industry, the Walsh Estate holds a certain allure for buyers seeking a prestigious address with a touch of Silicon Valley history. The sale of the property for over $20 million highlights the continued strength of the luxury real estate market in Silicon Valley, despite fluctuations in the overall economy.
In conclusion, the sale of the Walsh Estate in Atherton to a mystery buyer for $22.5 million underscores the desirability of luxury properties in Silicon Valley. With its impressive mansion, guest house, and greenhouse, the property offers a unique opportunity for the new owner to create a legacy property that reflects their vision for a private and serene estate in the heart of Silicon Valley.
Article Source
https://www.mercurynews.com/2024/06/20/google-tech-ceo-home-house-mansion-real-estate-property-atherton-buy/amp/
