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« I hate to say i told you so, but | Main | The Most Expensive Homes in Silicon Valley » July 09, 2008Silicon Valley... Real Estate NirvanaI'm never sure what to believe anymore... One week real estate is in the tank, the next things seem to be coming around... the one thing I know I've never heard till today was that real estate in the Silicon Valley was business as usual... but the folks at Business Week seem to know better....
In Silicon Valley, Real Estate Remains Strong Mountain Home Road in Silicon Valley's Woodside community is a pleasant, tree-lined street. At first glance it might seem like any other upscale suburb, until it becomes apparent that few of the homes are visible from the road. That's because this, and streets like it all over California's San Mateo and Santa Clara counties, are where Silicon Valley's most powerful people live—and they like their privacy. Silicon Valley's technology titans also try to keep a low profile when they put their mansions up for sale—especially when the prices equal the value of many of the area's startups. The most expensive properties in America's technology capital are often sold privately and without the help of the multiple listing service. But many of the homes themselves are decidedly high-profile. Take, for instance, Oracle (ORCL) Chief Executive Larry Ellison's 23-acre estate in Woodside, which he bought in 1995 for $12 million before spending more than $200 million to remake it into a 16th-century Japanese palace, complete with an authentic tea house and strolling garden. click here for the complete story... Posted by Jeff Brooks on July 9, 2008 06:44 AM | Permalink TrackBackTrackBack URL for this entry: |
