Former Google CEO Eric Schmidt simply offloaded his sprawling Silicon Valley property for a cool $22.5 million, barely two months after placing it in the marketplace.
The luxurious property, nestled within the ultra-wealthy Bay Space enclave of Atherton, was initially listed on the finish of April for $24.5 million. Final week, it formally offered, in accordance with Realtor.com.
Particulars of the customer stay beneath wraps, because the sale document hasn’t but been made public.
Schmidt, 69, and his spouse, philanthropist and businesswoman Wendy Schmidt, painstakingly assembled the 3-acre property over 20 years — beginning in 1990 once they purchased the principle home for $2 million, in accordance with PropertyShark information.
Over time, they acquired neighboring parcels, permitting them to increase the principle home and add a visitor home, landscaped grounds and a UK-imported greenhouse, as reported by Mansion International.
Atherton persistently ranks as one of many priciest cities within the US, and this spring has seen costs skyrocket. Realtor.com knowledge exhibits the median itemizing worth hit $13.9 million in Might, a staggering 50% leap from final yr.
The primary home, inbuilt 1969 and reworked by the Schmidts, boasts a stately 5,265 sq. toes with options like fireplaces, beamed ceilings and light-filled residing areas.
The higher stage provides a number of non-public out of doors areas, together with a big terrace off the first suite, a terrace off a secondary bed room, a smaller third terrace and two balconies.
Itemizing agent Katharine Carroll of Compass had no touch upon the sale.
The yard is ideal for entertaining, that includes a patio with a pool and spa, an open garden, an outside fire and a pavilion.
The higher portion of the property is centered across the greenhouse, surrounded by a backyard of raised beds and fruit timber.
Eric Schmidt, who led Google as CEO from 2001 to 2011 earlier than serving as govt chairman till 2015, didn’t instantly reply to a request for remark despatched to his web site.