Woodside Mansion Sells for a Record Breaking $117.5 Million
As the week rolls to an end, news of a record breaking deal has captured the real estate market of California. A nine acre Woodside estate at Mountain Home Road, has sold for $117.5 million.
According to public records, the home belonged to Tully Friedman, founder of Friedman Fleischer and Lowe, a private equity firm. The home was not publicly listed and was quietly sold off in November. The home's sale price makes it the most expensive private residence in California and the second-highest expensive home in the U.S., reports SF Luxe.
The property lies just 10 miles away from Russian billionaire, Yuri Milner's massive mansion that he purchased for around $100 million in 2012. The most expensive property of U.S. is reportedly the Broken O Ranch in Montana that was purchased by Stanley Kroenke, a real estate investor, reports Curbed.
The Woodside mansion buyer's identity has not been revealed yet. However, The Real Estalker believes that the purchaser might be a famous Korean Banker who has allegedly bought it for his wife and plans on using the home as a vacation venue.
The home is a neo-classic style mansion built in 2005 by famous architect Allan Greenberg. The home was also featured in the architecture publication, "Extraordinary Homes California: An Exclusive Showcase of the Finest Architects, Designers and Builders in California." The huge home sports stretching landscaped lawns along with a still pool, a separate pool house, a spa and huge parking lots, reports SF Luxe.
The Woodside is one of the most expensive areas of California. Along with Miller's costly purchase and Friedman's exclusive sale, an 11-acre mansion in the same area is still riding on the market asking for $29 million. The property first hit the listing market with a price tag of $85 million in September 2012, reports Yahoo Finance.