In addition to being the hangout for the many billionaires in the Bay Area, San Francisco has caught the media’s attention for being one of the minority areas in the U.S. that has seen a rise in command for real estate space. So much has been the demand that the adjacent areas like Palo Alto have seen a jump in median price of houses as well.
The most expensive house in the Silicon Valley would be the $70.4 million manse of Oracle founder Larry Ellison. Not much is known about the property other than the fact that it’s a vast 18,000-square-foot home with a personal pond (complete with miniature islands), tennis courts and waterfalls. Ellison also enjoys 191 square miles of lake access.
Also on the list of extravagantly priced homes are the residences of Eric E. Schmidt ($20 million) and Mark Zuckerberg ($7 million) as well as the Strauss estate ($53 million).
Posted by Crystal Spear
Image: siliconvalleyrealestateteam.com
Longtime staffers of Facebook stand to benefit significantly from the recent announcement that social media site Facebook is going public.
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Our Haute 100 list details the accomplishments of the most influential people in each of our markets—Miami, New York, Los
Posted by Crystal Spear
CATEGORY: Billionaires
COMPANY: Peery-Arrillaga
INDUSTRY: Real Estate
WHAT MAKES HIM HAUTE: He is one of the biggest real estate power players in the
Posted by Crystal Spear
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Posted by Crystal Spear
A new Barclays Wealth report indicates that wealthy investors aren’t giving up on real estate as an asset class, despite