An undisclosed buyer recently purchased the sprawling Walsh Estate in Atherton, Silicon Valley, from former Google CEO Eric Schmidt for over $20 million. The property, spanning three acres, includes a mansion, guest house, greenhouse, and sprawling grounds. The sale was finalized for $22.5 million, slightly below the initial asking price of $24.5 million.
The property was sold by trusts controlled by Eric and Cindy Schmidt, as well as a business entity known as Big Hen Group. The buyer, identified only as Olowalu, completed the purchase in an all-cash transaction. Olowalu bears the same name as a coastal district in West Maui, though it is unclear if there is a connection between the two.
Eric Schmidt, who served as Google CEO from 2001 to 2015 and later as executive vice president of Alphabet until 2017, listed the Walsh Estate for sale after residing there for several years. The property was marketed as a unique and private retreat, boasting natural serenity and ample space for customization.
The estate’s features, including the mansion, guest house, and greenhouse, offered the new owner a canvas for creating a one-of-a-kind legacy property. Despite selling below the initial asking price, the sale of the Walsh Estate represents a significant transaction in the upscale real estate market of Silicon Valley.
Overall, the sale of Walsh Estate in Atherton marks a notable transaction in Silicon Valley’s luxury real estate market. Former Google CEO Eric Schmidt sold the property for over $20 million to an undisclosed buyer known as Olowalu. The three-acre estate includes a mansion, guest house, greenhouse, and extensive grounds, offering the new owner privacy and natural serenity.
The sale closed for $22.5 million, slightly below the initial asking price of $24.5 million. Eric Schmidt and his wife, along with a business entity called Big Hen Group, were the sellers of the property. The estate was marketed as a unique and thoughtfully designed canvas for creating a legacy property.
Despite selling below the original asking price, the transaction represents a significant investment in a prestigious Silicon Valley neighborhood. The sale of Walsh Estate underscores the continued demand for exclusive properties in the region, where privacy, luxury, and natural surroundings are highly valued.
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https://www.mercurynews.com/2024/06/20/google-tech-ceo-home-house-mansion-real-estate-property-atherton-buy/