Billionaire Microsoft Co-Founder Paul Allen Buys $27 Million Dollar Silicon Valley Mansion

    Posted by Cristin  |  November 25, 2013  |  11:00 am  |  Tags: , , , , , , , , , ,

    REUTERS/Robert Sorbo

    Paul Allen

    Atherton, CA

    Most Known For

    Billionaire Microsoft co-founder

    Home Stats

    8 bedrooms, 9.5. bathrooms, 1.97 acres, pool, guest house

    Price

    $27,000,000

    Billionaire Microsoft co-founder Paul Allen has just paid $27 million for a sprawling mansion in Atherton, CA, a ritzy town in the heart of Silicon Valley.

    According to Forbes, Allen has a net worth of $15.8 billion dollars, and he’s an avid collector of trophy properties and yachts. His newest acquisition was purchased via a family trust and the deal closed on November 12, 2013.

    Allen lives full-time in the Seattle area, where he has a sprawling, state-of-the-art residence on tony Mercer Island, with a yacht parked out front. He also owns multi-million-dollar properties all over the world, including Cap Ferrat in France, Hawaii, Malibu, Manhattan, Idaho, Beverly Hills and London.

    Aside from his residences, Allen has a world-class collection of World War II aircraft, a fleet of private jets and two yachts. A yachting enthusiast, he has a 303-foot-long, $125 million yacht named Tatoosh, and a 414-foot long superyacht named Octopus. Octopus costs an estimated $400,000 a week to operate.

    Allen started on his road to riches in 1975, when he co-founded Microsoft with Bill Gates. In 1983, he he left the company after a cancer diagnosis, which he battled successfully. Allen is still a major Microsoft shareholder and an avid investor.  Since the 80’s, he has been involved in a strong of high-profile investments, including buying the Portland Trail Blazers NBA team in 1988, the Seattle Seahawks NFL team in 1997, and co-founding the Frank Gehry-designed Experience Music Project Museum in 2000 in Seattle.

    Allen recently opened an arm of his investment firm, Vulcan Capital, in Palo Alto, to “focus on expanding the firm’s investments in the Internet and technology sectors,” according to a corporate announcement. With that entree into Silicon Valley, his newest purchase in nearby Atherton makes sense.

    Allen’s brand new Northern California property was listed in late September for $31.8 million, but Allen ended up closing the deal for $27 million. The newly-built estate sits on an impressive 1.97 acre lot, and has 6 bedrooms, 6 bathrooms, a spa, theater and 7 fireplaces in the 22,005 square foot main home. Adjacent, the guest home has 2 bedrooms, 2 bathrooms, a full kitchen and a 5-car garage that also includes a House Manager Suite.

    Images via property developer Pacific Peninsula Group.

      Superbowl Champ Jerry Rice Relists Bay Area “Smart Home” for $10.5 million

      Posted by Vanessa  |  November 13, 2012  |  4:45 pm  |  Tags: , , , , , , , ,

      SI.com

      Jerry Rice

      Atherton, CA

      Most Known For

      One of the greatest NFL receivers of all time

      Home Stats

      14,000 square-foot "Smart Home" with 3 levels, 7 bedrooms, 8 full, 3 partial bath

      Price

      $10,500,000

      NFL great Jerry Rice has recently re-listed his massive 14,000 square-foot Atherton, CA home for a reduced price of $10.5 million. According to property records, Rice first purchased the land in 2001 for just $2.1 million. After building on the property, he listed it for sale in 2007 for $22 million, then once again in July of this year for $13.88 million. After a few million in price cuts, this state-of-the-art mansion is tackling the real estate market yet again, seeking a new owner – preferably a tech savvy candidate that would take advantage of all its bells and whistles.

      Located in California’s Bay Area, this estate is a tech mogul’s dream come true. Made for a champion, the seven-bedroom, eight full, and three partial bath estate comes with a built-in elevator to access its three-levels, a seven-car-garage, and $2 million dollars worth of installed electronics, including a cutting edge security system and exquisite home theater. Sitting in one of the priciest zip codes in Silicon Valley, this estate is a tech hub within a tech hub. Fully equipped with automated smartphone capabilities, residents have the capability to remotely control various appliances and security via mobile, from anywhere in the world. After tearing down the original home in 2001, and building this “smart home” masterpiece, it seems Rice was looking to add tremendous property value. It’s no doubt he clearly went all….the….way.

      Versace limestone floors, an aquarium, gym, sauna, and Swarovski crystal accents glam up the property, offering stunning elegance throughout. To appeal to the inner chef in us all, the over-the-top gourmet kitchen includes the latest stainless appliances, a deep fryer, steamer, and pizza oven. The spectacular exterior grounds offer a large entertainment area with a massive pool, Jacuzzi tub,  outdoor built-in barbecue, gazebo with built-in heat lamps, and large grass area.

        Atherton Architectural On Expansive Private Grounds

        Posted by Cristin  |  March 29, 2012  |  3:06 pm  |  Tags: , , , , ,

        Home Stats

        5 bedrooms, 5 full and 2 partial bathrooms, 9,308 square feet on 2.6 acres in prestigious Atherton, CA

        Price

        $19,800,000

        Completed in 2010, this home in Atherton, California, one of the “most expensive zip codes in America,” is a masterful expression of modern design situated on 2.6 acres of private resort-like grounds with pool, spa, barbecue kitchen, playground and vast stretch of level lawn. Precision craftsmanship showcases the architecture of award-winning firm Swatt Miers.

        Throughout the three levels, the pervasive use of extraordinary materials – Honduran mahogany, African walnut, and lighting fixtures that stand alone as pieces of art – establish a rich, meditative tone that works in harmony with the beauty of the setting. Tremendous walls of glass, all with hidden custom shades and many providing cross-ventilation, provide a seamless connection to the outdoors where a heritage oak stands as the focal point around which the home’s L-shaped design was conceived.

        The home’s personal accomodations are comprised of 5 bedrooms upstairs, including a divine master suite, plus a main-level suite accessed from the outside – making it ideal for guests or as an office. The design is open and voluminous, accentuated with floating steps, a glass bridge walkway inspired by the Museum of Modern Art, and ceiling lines that connect with cantilevered extensions outdoors. The property also features an attached 3-car garage.

        Brent Gullixson and Royce Cablayan have the listing.

         

         

          NFL Hall of Famer Jerry Rice Lists Atherton Spread

          Posted by Cristin  |  July 25, 2011  |  6:20 am  |  Tags: , , , ,

          Jerry Rice

          Atherton, CA

          Most Known For

          One of the greatest NFL receivers of all time and a recent stint on Dancing With The Stars

          Home Stats

          16,000 square feet, 7 bedrooms, 11 bathrooms, 3 levels with an elevator

          Price

          $13,888,000

          Jerry Rice’s $13.88M Atherton, California home is hoping to be passed on to a new owner. Called “one of the finest private estates built in Atherton in recent years,” the 16,000 square foot home is 3 levels, with an elevator and over $2M in electronics, including security, fully automated smartphone features and a state-of-the-art home theater. The spectacular grounds include outdoor entertainment features and a 7 car garage. Atherton is home to Silicon Valley technology millionaires, old money and quite a few Bay Area athletes. Current and former Atherton residents include Steve Young, Roger Craig, Joe Montana, Jimmy Plunkett and others. Rice’s home took four years of design and construction work to complete, and was finished in 2001. Rice and his family have occupied it for the last decade, and now they’re ready to retire this estate and move on.