Report: Yahoo! CEO Marissa Mayer Spends $11.2 Million For Funeral Home Near Her Suburban Home

Posted by Cristin  |  October 30, 2013  |  11:47 am  |  Tags: , , , , , , , , ,

Peter Kramer/ASSOCIATED PRESS

Marissa Mayer

Palo Alto, CA

Most Known For

Longtime Google employee, turned Yahoo! CEO

Home Stats

Funeral home, likely to be demolished

Price

$11,200,000

Just in time for Halloween, Yahoo! CEO Marissa Mayer is the proud new owner of a funeral home in Palo Alto, CA.

According to reports by The Silicon Valley Business Journal and Palo Alto Weekly, Mayer bought the property that houses Roller & Hapgood & Tinney, Palo Alto‘s oldest funeral home for $11.2 million. The funeral home is set to close its doors on October 31st, and the land on which it sits is currently zoned “planned community,” and a 2012 Palo Alto city report identified the funeral-home property as a potential site for up to 21 residences.

No one knows exactly what Mayer plans to do with the property, but the deal does resemble the buying spree Mark Zuckerberg just went on in Palo Alto. Zuckerberg bought the three homes adjacent to his main residence to protect his privacy and to stop a developer from marketing a home as being “next door to Mark Zuckerberg. Mayer may be taking a similar approach, as her Palo Alto residence is just a short block from her new purchase.

Standard with high-profile buyers, Mayer’s name isn’t directly associated with the purchase. County transfer tax records show a blind LLC paid $11.2 million for the site and the deal closed on Oct. 7th.

Image via Google Street View.

 

    Former Yahoo! CEO Terry Semel Sells Malibu Home for $37M to Oracle CEO Larry Ellison

    Posted by Cristin  |  September 26, 2012  |  9:19 pm  |  Tags: , , , , , , , , ,

    Forbes via Oracle.com

    Larry Ellison

    Malibu, CA

    Most Known For

    CEO of Oracle and avid collector of exceptional personal properties across the globe.

    Home Stats

    nine bedrooms, 13 bathrooms and 10,317 square feet of living space that stretches along 151 feet of beach frontage

    Price

    $37,000,000

    Talk about a high tech, high dollar deal! Former Yahoo! CEO Terry Semel has sold his compound on Malibu’s Carbon Beach for $37M to none other than Oracle CEO Larry Ellison, who has been dubbed “The Nation’s Most Avid Trophy-Home Buyer.” This real estate transaction between Semel and Ellison is strictly a B2B deal. No, we don’t mean business-to-business. We’re talking about billionaire-to-billionaire here!

    Malibu’s Carbon Beach has been dubbed “Billionaire’s Beach,” and Ellison already owns numerous properties along that strip of sand. Perhaps he only lives on streets named exclusively for billionaires, because his primary residence in San Francisco sits on “Billionaire’s Row” in Pacific Heights.

    The seller, Terry Semel, was at the helm of Yahoo! from 2001-2007 and made quite the nice stash of cash from the gig. Since leaving Silicon Valley behind, Semel has resided in Los Angeles and has gobbled up some exceptional real estate in the area. Just last year, Semel and wife Jane listed and sold their swank Beverly Hills mansion.

    The Malibu home that just transferred hands from Semel to Ellison sits on a three-quarter-acre lot includes three structures, creating a compound just steps from the sand. The main house is entered through a three-story skylit rotunda. Aside from the main home, there is also a two-story guesthouse for a total of nine bedrooms, 13 bathrooms and 10,317 square feet of living space that stretches along 151 feet of beach frontage.

    We’re not surprised to hear Ellison was the buyer in this big deal. Since becoming one of the biggest earners in America while at the helm of Oracle, Ellison has spent hundreds of millions of dollars acquiring incredible properties across the globe. Ellison’s known property roster includes five adjacent lots in Malibu, a Newport, R.I., mansion formerly owned by the Astor family; a historic garden property in Kyoto and an estate in Rancho Mirage, Calif., with a private, 19-hole golf course. He’s currently adding a Lake Tahoe compound to that incredible line-up and is rumored to be on a buying spree in his native San Francisco.

      Former Yahoo! COO and President Selling Grand Napa Residence with Private 9-Hole Golf Course

      Posted by Cristin  |  May 30, 2012  |  10:05 am  |  Tags: , , , , , ,

      Home Stats

      4 bedrooms, 4.5 bathrooms, 7,500 square feet on 25+ acres with 9-hole private golf course

      Price

      $17,500,000

      Vineyard Knolls, an exclusive Napa Valley estate including a personal NCGA nine-holegolf course, is on the market for only the second time since 1989. The estate has an impressive Hollywood and Silicon Valley pedigree. Originally built in the 60’s by David L. Wolper, the Hollywood legend who produced Willy Wonka and the Chocolate Factory and Roots, Wolper transformed Napa’s first municipal golf course into a compound for entertaining Hollywood’s elites.

      In 1999, Jeff Mallett, former president and COO of Yahoo! purchased Vineyard Knolls and transitioned the one-of-a-kind estate into an exclusive retreat for friends and family, which includes a spectacular Napa-inspired grand residence, separate clubhouse and beautifully landscaped  grounds to fully take advantage of the outdoor wine country lifestyle.

      Priced at $17,500,000, the 25-acre property boasts a golf course surrounded by gentle rolling hills and lush estate vineyards. Only 45 minutes from the Golden Gate Bridge and 15 minutes from the Napa Airport, Hollywood celebrities and business moguls found safe haven at Vineyard Knolls while discovering the world-class wine, food and recreation the Napa Valley is so famous for.

      The property features unparalleled amenities including a nine-hole NCGA golf course, two lakes, a 7,500 square-foot main residence, clubhouse and caretaker’s home. The 4-bedroom main residence makes the best of indoor/outdoor wine country living from its serene setting at the center of the private golf course.

      Vineyard Knolls also features a spacious 6,412 square-foot clubhouse which includes an expansive main room for entertaining, featuring a floor-to-ceiling stone fireplace, commercial kitchen, numerous office and meeting rooms. The St. Andrew’s inspired full bar and seating area opens up to a wrap around sundeck overlooking the 9th green.

      A sapphire swimming pool, tennis court, croquet lawn and open-air pool pavilion provide lounging and dining areas located just outside the clubhouse. The combination of the clubhouse and pool pavilion creates a perfect place for entertaining a large gathering of guests or intimate groups.

      Vineyard Knolls golf course is a NCGA sanctioned course and was used as a teaching course by golf’s famous short game guru Dave Pelz. Since 1965 this exclusive 9-hole golf course has hosted many challenging and enjoyable rounds of golf for beginners to PGA professionals.

      Vineyard Knolls is listed by Jocelyne Monello of Heritage Sotheby’s International Realty, Sylvia Seufferlein and Hadar Gordon of Sereno Group Real Estate.