This is a true “estate,” a study in over-the-top opulence. The main residence offers five beds and eight bathrooms; there is also a detached fitness center, hair salon and massage room; a separate executive office and conference center; and a two bedroom-suite guest house with a full kitchen.
Aside from the abundant living and working spaces, the property offers a plethora of entertaining features as well: a 6,000 bottle “wine salon,” a movie theater, a golf simulator lounge as well as outdoor luxe in the 65-foot pool and spa, dining pavilion with outdoor kitchen and fire pit.
Local real estate market followers are well aware of the increase in demand for luxury property: in fact, SFGATE dubbed 2021 the year of the luxury home, noting the striking uptick in prices as well as the number of high-end homes sold in the San Francisco Bay Area.
A 2021 report released by Compass confirms this. The Ultra-Luxury Real Estate Report compared sales activity of homes priced at $10M and above from 2020 and 2021 in 30 markets across the country including Tahoe and the San Francisco Bay Area. The data compiled points to shocking year-over-year gains in this already shockingly high-end of the market.
Whoever buys this “Jewel of the Silicon Valley” will be purchasing the priciest local residential property of 2022 — so far.
Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert.