Here's some real estate news worth noting. This could be a unique staffing opportunity with new owners in the not so distant future…
Over a century ago, businessman Mortimer Fleishhacker, Sr., purchased a series of parcels about 30 miles south of San Francisco. Like many wealthy locals of the time, he was seeking a summer home removed from the chilly fog of the city.
That spot is in Woodside, Calif., now one of Silicon Valley’s richest neighborhoods where the median home price tops $3.6 million and where Larry Ellison and Charles Schwab can live discreetly amongst wooded estates. And now, decades after many other families have already done so, Mr. Fleishhacker‘s descendants are putting the 74-acre estate named “Green Gables” on the market.
Green Gables is so large and so unusual, its sellers are refusing to set a price, arguing that the property’s rarity makes it difficult to know what the market might bear. Listing agent Michael Dreyfus of Golden Gate Sotheby’s International Realty does posit that Mr. Fleishhacker’s vacation retreat is likely to become the most expensive property ever to trade hands in the notoriously pricey San Francisco Bay Area.
The current Bay Area record is held by a 9-acre Woodside estate just minutes away. It sold in 2012 for $117 million to SoftBank Chief Executive Masayoshi Son. The next-largest is the $100 million deal in 2011 by Russia-born billionaire Yuri Milner for 11 acres in nearby Los Altos Hills.
Read the full article article with extensive photos at WSJ.