Real Estate Industry News

In the exclusive Silicon Valley enclave of Atherton, an estate tied to late Microsoft Corp. co-founder Paul Allen has sold for $35.25 million.

The 21,000-square-foot residence, which had been listed since October for $41.488 million, sits on about two acres with gardens, lawn, a swimming pool and a covered pavilion.

Built in 2013, the custom residence has seven bedrooms, 13 bathrooms plus a detached guest house. The layout includes a great room with a bar, a multi-island kitchen, a home theater and a spa. There are seven fireplaces.

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A house managerā€™s suite lies within the five-car garage.

A trust tied to Allen bought the Silicon Valley property new in 2013 for $27 million, public records show. In 2018, the median sale price for homes in the 94027 ZIP Code, where Atherton is located, was $6.7 million, making it the priciest ZIP Code in the U.S.

Since Allenā€™s passing in 2018 at 65, a number of the programming geniusā€™ belongings have come up for sale. Among them is Enchanted Hill, a prized Los Angeles development site, which was listed at $110 million.

A 414-foot mega-yacht called Octopus and a Soviet-era MiG-29 fighter jet are among Allenā€™s other assets made available for purchase.

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Courtney Charney of Parc Agency Corp. was the listing agent for the Atherton property. Tom LeMieux of Compass represented the buyer.