Paul Allen's Silicon Valley estate just hit the market for $41.5 million; check it out โ˜˜ Hoey Team โ˜˜ eXp Realty

Dated: October 20 2019

Views: 59

Take a look inside the late Microsoft cofounder's 7-bedroom mansion in America's richest town

Atherton is the richest town in the US.

Following the October 2018 death of Microsoft cofounder Paul Allen, the late tech billionaire's estate has put hundreds of millions worth of his assets up for sale.

First there was his 1989 MiG-29 fighter jet, then his $325 million superyacht, and then his $110 million plot of undeveloped land in Beverly Hills. Allen, who died at the age of 65, was worth more than $20 billion.

Now, Allen's estate is selling his former Silicon Valley home, a nearly 18,000-square-foot mansion set on 1.9 acres in Atherton, California, for $41.48 million.

"There's nothing else like this estate in Atherton," listing agent Courtney Charney of Parc Agency told Business Insider.

According to Charney, it's the most expensive home currently on the market in Atherton, which is the richest town in the US, with an average household income of $450,696 and high-profile residents including Facebook's Sheryl Sandberg and Google's Eric Schmidt. 

Take a look at the late tech billionaire's estate, which comes with a swimming pool, a guest house, and two garages.

As Neal J. Leitereg first reported for The Los Angeles Times, the property is being sold by a trust tied to the late tech billionaire, who died in October 2018 after a battle with cancer.

Allen paid $27 million for the newly-built property in 2013.

The nearly 18,000-square-foot mansion is in Atherton, an affluent California town of about 7,000 people. Among that population are several high-profile tech executives.

Facebook COO Sheryl Sandberg and former Google CEO and chairman Eric Schmidt are both known to have owned homes in Atherton.

Atherton is about four miles from Palo Alto — which is home to Stanford University and the headquarters of many tech companies, including Hewlett-Packard and previously Facebook — and roughly equidistant between San Francisco and San Jose.

"Silicon Valley is really the corridor from San Francisco down to San Jose, so this is equidistant for anyone looking to travel to a company along that corridor," Charney said

Allen's seven-bedroom estate is the most expensive home currently listed in Atherton, according to listing agent Courtney Charney of Parc Agency

"There's nothing else like this estate in Atherton," Charney told Business Insider.

She pointed to the lot size — 1.9 acres, which is large for Atherton, she says — and the home's amenities and built-in privacy features.

The home is built on what's called a "flag lot," which means the home sits at the end of a long driveway.

"It's set back from the street and it really offers the utmost in privacy," Charney said.

The interior of the three-level, 17,686-square-foot main home was designed with warm wood and neutral tones throughout.

"It's a large home, but when you are in the home it has this incredible ability to envelop you and make it feel warm and inviting," Charney said

The light-filled home, designed by Olson Kundig, features high ceilings and large windows.

The living room features a limestone fireplace and built-in shelving.

The dining room, which includes an elevated limestone fireplace at eye-level, can seat at least 10 people

In the kitchen, you'll find Carrera marble counter and white oak cabinetry, double ovens, two Miele dishwashers, and a Sub-Zero refrigerator and freezer

There are two master bedroom suites: one on the main level of the home and one on the second floor.

Each suite comes with a marble bathroom with double vanities

The main floor master bathroom includes a marble soaking tub with views of the backyard

as well as an expansive walk-in closet.

The upstairs bathroom has its own soaking tub with garden views

An elevator serves all three levels of the home

The house's audio/video system, including the in-home cinema, is controlled by iPad tablets (a little ironic)

In addition to its five bedrooms, the Atherton home also has a home theater and snack bar, an exercise room and spa, and a wine cellar

Outside, the house boasts two outdoor kitchens, a pizza oven, an in-ground pool and spa, and multiple dining and seating areas

"Enough cannot be said about the grounds," Charney said. "It feels like you've checked into an uber-exclusive resort. There's a wood-fired pizza oven, outdoor BBQ, two outdoor fireplaces, multiple seating and dining areas, a pool and hot tub ..."

Landscape architect Pamela Burton created "a wild meadow on the property that has walking paths," Charney added. "If you want to go and feel peaceful, you drive through the gates and it's like you take a deep breath, you clear your calendar, and you say I'm never leaving." 

Article content from Business Insider and other sources.  Pease let us know if you have questions on any aspect of the luxury home market here in Southwest Florida or elsewhere.

Barry is a CLHMS; see here how we can help with higher end properties.

Please visit our Hoey Team โ˜˜ Luxury Home Market Page Here

Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website.  โ˜˜

We hope that you find the information useful.  If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team โ˜˜ brokered by eXp Realty

Email us at Barry@SWFLLuxury.Com  or or Call/Text the Hoey Team โ˜˜ at:  (239)-360-5527 

“Please Share this and our informational website with anyone who you think the info will help. 

Feel free to refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals from Past Customers, Friends and Fellow REALTORS, who we help in any way we can. 

Most of our business is referrals by word of mouth; from past Sellers and Buyers who we have helped; please ask for and check out our testimonials and Sales Stats.  Thanks, Barry & Kim โ˜˜

Blog author image

Barry & Kim, Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜

"Your Real Estate Concierge" If you are looking for a REALTORยฎ or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

Latest Blog Posts

๐Ÿ”” Some Nonbanks Raised Conforming Loan Limits to $625K ๐Ÿ“ˆ Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ Southwest Florida ๐ŸŒด

Loan limits will likely go up to $625K in 2022, but FHFA hasn’t announced it yet.  Still, higher home values have convinced some lenders to boost loan limits now.WASHINGTON –

Read More

๐Ÿ“ข New Record: Home Prices Rose 19.9% in July ๐Ÿ“ˆ ๐Ÿก Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ Southwest Florida ๐ŸŒด

A price increase of almost 20% year-to-year is unheard of – until now.  Home prices hit record highs in 19 of the 20 cities included in monthly Case-Shiller reports.WASHINGTON (AP) ;

Read More

๐Ÿ“ฃ 8 Experts: Sky-High Housing Prices Wonโ€™t Fall ๐Ÿก Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ Southwest Florida ๐ŸŒด

Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low.MCLEAN, Va. –

Read More

๐Ÿšจ September 2021 ๐Ÿ“ข Just Released Market Report for Naples Area with information for all of Southwest Florida โ˜˜ Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ SW FL ๐ŸŒด

Hello,Barry & Kim with the Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ hope that you and yours are doing good; wherever you are located at this time.Hot off the press 

Read More