California Real Estate

silicon valley estate green gables — There’s plenty of patio space for al fresco dining and entertaining.
Christie’s International Real Estate

A 74-acre estate in Woodside, California, has hit the market for $135 million.
It’s the most expensive property listed in the Silicon Valley area, per multiple reports.
The massive estate has seven houses, three swimming pools, tennis courts, and orchards and gardens.
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Green Gables, a sprawling 74-acre estate in Woodside, California, has hit the market for $135 million.

It’s the most expensive and one of the largest private homes for sale in the Silicon Valley area, according to reports from Bloomberg and the San Francisco Chronicle.

In 1907, Mortimer Fleishhacker Sr., the founder of Anglo California Bank and the Great Western Power Co., started assembling adjacent swaths of land in Woodside with the goal of building a family compound, according to Christie’s International Listing, which holds the listing along with Compass.

The home has remained in the family ever since — until a few weeks ago when the Fleishhacker family put it on the market for $135 million.

Fleishhacker Sr.’s great-grandson, Marc Fleishhacker, who lives in Florence, Italy, told Bloomberg that he and the nine other cousins who own shares of the home decided to sell it as the family grew and the question of who would inherit the property became too complicated.

Zackary Wright of Christie’s International Real Estate and Brad Miller and Helen Miller of Compass are the listing agents.

Woodside, where Fleishhacker Sr. amassed his sprawling estate, is a wealthy suburb of about 5,500 people near San Jose.

woodside california — Filoli, an historic country estate in Woodside.
Getty Images/Sean Duan

Woodside’s median household income is more than $250,000 and the typical home value is nearly $3.6 million.

Oracle cofounder Larry Ellison owns a 23-acre estate in Woodside, and multiple other tech billionaires have been known to own homes there.

Green Gables comprises seven houses with a total of 32 bedrooms, three swimming pools, tennis courts, a barn structure, and expansive grounds that include orchards, formal gardens, and woodlands.

Each of the estate’s six other homes are in their own secluded areas, according to the listing.

The main home overlooks a 60-by-300-foot Roman pool with an aqueduct-like stone edifice.

Source: Christie’s International Real Estate

Wildlife like deer and great blue herons can be spotted roaming the property, according to the Millers, the Compass listing agents.

And it takes more than two hours to walk around the estate’s vast acreage, the Millers told the San Francisco Chronicle.

Green Gables’ main 10,000-square-foot residence was the first structure to be completed in 1911.

It features plenty of patio space for al fresco dining and entertaining.

Inside, many of the furnishings were chosen and designed by Elsie de Wolfe, a New York interior designer whose high-profile clients included the Duchess of Windsor.

The mansion itself was designed by architects Charles and Henry Greene.

The estate’s expansive grounds have both formal gardens and woodlands with native California shrubs and flowers.

Source: Christie’s International Real Estate

Flowering wisteria plants can be seen on some parts of the property.

Source: Christie’s International Real Estate

In one quiet corner of the grounds sits a rustic two-story teahouse that has a kitchen and a covered patio area.

Source: Christie’s International Real Estate

Green Gables may be the priciest current listing in Woodside, but the area is full of other astronomical real-estate prices.

About 2.5 miles away, a nearly 13-acre estate with an equestrian arena and horse stables is on the market for $50 million.

Woodside’s real-estate record was set in 2013, when Softbank founder Masayoshi Son dropped $118 million on a nine-acre estate that was never publicly listed.

Read the original article on Business Insider

malibu beach house paycom ceo — The previous owners bought the beachfront property in 2000 and spent 12 years building their dream home.
Douglas Elliman

Paycom CEO Chad Richison, just paid $26.5 million for a secluded Malibu estate that sits right on the beach, James McClain first reported for Dirt, a luxury real-estate news site.
Richison bought the home from attorney Dale Kinsella and skincare company founder Liz Edlich, who picked up the property in 2000 and spent 12 years building the beach house, per Dirt.
The 3,800-square-foot home, which has three bedrooms and five bathrooms, is built right into the rocks on the edge of the water.
Richison’s new neighbors include Lady Gaga and Red Hot Chili Peppers bassist Flea, Shawn Elliott of Nest Seekers International, who co-brokered the sale with Douglas Elliman, told Business Insider.
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Chad Richison, the CEO of payroll technology company Paycom, just paid $26.5 million – the full asking price – for a secluded Malibu beach house, Dirt reported.

The home, known as Il Pelicano, boasts a secluded location on the beach that sets it apart from the nearby homes above on the cliff, Shawn Elliott of Nest Seekers International, who co-brokered the sale with Douglas Elliman, told Business Insider. (Shirley Sherman of Douglas Elliman, who also held the listing, declined to comment.)

“This is really the epitome of luxury,” Elliott said of the home. “You can be in anywhere in this house. You can be in the South of France, the Cote d’Azur, and you wouldn’t know it. This house is just a piece of heaven. I think that’s why it went for full price.”

Richison, who’s worth $3.6 billion according to Forbes, bought the property from Radical Skincare CEO Liz Edlich and attorney Dale Kinsella, who paid $2 million for the property in 2000 and spent 12 years building the beach house, according to Dirt.

Look inside the Paycom CEO’s new home.

Chad Richison, the CEO of Paycom, paid $26.5 million for his new beachfront mansion in Malibu, as Dirt first reported.

Richison, who’s worth $3.6 billion according to Forbes, also owns homes in Edmond, Oklahoma, and Florida’s Marco Island, according to Dirt. Richison founded Paycom, which provides payroll and human resources services, in 1998 and took the company public in 2014.

Earlier this month, the CEO told Forbes that he had signed the Giving Pledge, the campaign for wealthy individuals to donate half their wealth to charity that was started by two of the world’s richest men, Warren Buffett and Bill Gates.

A spokesperson for Richison’s company did not immediately respond to Business Insider’s request for comment for this story.

The previous owners, Radical Skincare CEO Liz Edlich and attorney Dale Kinsella, paid $2 million for the property in 2000 and spent 12 years building the beach house, according to Dirt.

“To their credit, this couldn’t have been an easy build and I’m sure it cost them millions of dollars to build it,” Elliott told Business Insider. “… I think it was probably very difficult to part with it, but I think they moved on.”

Edlich and Kinsella did not immediately respond to Business Insider’s request for comment.

The Il Pelicano house sits close to the water, secluded from the neighboring homes up on the cliff.

Neighbors include Red Hot Chili Peppers bassist Flea, Lady Gaga, and Michael Milken, the former financier and “junk bond king” who President Trump pardoned earlier this year, Elliott told Business Insider.

The 3,800-square-foot home sits on a little over half an acre.

A significant portion of the two-story home’s square footage is made up of outdoor space.

The master bedroom features a fireplace and a private wraparound terrace.

Source: Nest Seekers International

The master bathroom has a deep soaking tub.

Source: Nest Seekers International

The home’s other two bedrooms both offer panoramic views of the water and the surrounding cliffs.

Source: Nest Seekers International

Many of the materials and décor in the home were sourced from Edlich’s travels around the world, according to Dirt.

Source: Dirt

The chandelier in the spacious gourmet kitchen, for example, was made from a fossilized Amazonian jungle vine.

Source: Dirt

And the mantle in the living room was once part of an antique stone door from India.

Source: Dirt

The beach house was designed with both an indoor and outdoor lifestyle in mind.

Source: Nest Seekers International

There’s no shortage of outdoor spaces for dining, entertaining …

Source: Nest Seekers International

… and lounging.

Most of the living areas appear to open up to the outdoors.

Source: Nest Seekers International

According to Elliott, Il Pelicano is the “crown jewel” of the Malibu coastline.

The home boasts private access to two beaches, with steps leading down to the sand.

Read the original article on Business Insider

Category: California Real Estate

Silicon Valley’s most expensive property, a 74-acre compound with 7 homes, just listed for $135 million. Take a look at the sprawling estate.

The billionaire CEO of Paycom just paid $26.5 million for a beachfront Malibu mansion that took 12 years to build and blends into the rocks. Take a look inside.