Schmidt and his spouse, Wendy Schmidt, purchased the house in 1990 for $2 million and progressively expanded the property over about 20 years, including neighboring parcels, a visitor home and a inexperienced home.
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Former Google CEO Eric Schmidt has offered his residence in Silicon Valley for $22.5 million, Realtor.com reported.
The house is situated within the rich city of Atherton, simply west of Menlo Park and Palo Alto. Schmidt and his spouse, philanthropist and businesswoman Wendy Schmidt, listed the property for $24.5 million in April.
The customer’s identification shouldn’t be but recognized.
Kat Carroll of The reSolve Group at Compass represented the sellers, and Mary and Brent Gullixson of The Gullixson Crew at Compass represented the client.
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The Schmidts first purchased the principle home for $2 million in 1990 and progressively expanded the property over about 20 years, in keeping with PropertyShark information. As they added neighboring parcels of land, the couple finally acquired about three acres and expanded the principle home, added a visitor home, and a greenhouse imported from the U.Ok., in keeping with Mansion International.
An aerial view of the property | The Company
Atherton is likely one of the priciest locations within the U.S., and residential costs have skyrocketed in latest months. The median itemizing value surged 47.6 % yr over yr to $13.9 million in Could, in keeping with Realtor.com.
The house was first constructed in 1969, and at the moment spans 5,265 sq. toes. It consists of 5 bedrooms, 5 full baths and 6 half baths. Enticing design parts included beamed ceilings, a lot of pure mild and fireplaces. The house additionally options a number of non-public terraces, together with off of three completely different bedrooms.
The grounds embrace a patio with pool and spa, an entertaining pavilion and an out of doors fire. A backyard of raised beds and fruit bushes surrounds the inexperienced home.
A dwelling space with fire | The Company
Carroll beforehand informed Mansion International when the property first listed that an property of its scale with a lot land and privateness was a uncommon discover in Atherton.
“The location of this residence is ultra-private, at the back of a cul-de-sac with the main house built into a hillside that provides privacy and very good security,” she stated.
The luxurious grounds additionally present an oasis-like ambiance, Carroll added.
The property’s inexperienced home | The Company
“From the moment you step onto the grounds, it feels as if you’ve been transported to a private botanical sanctuary.”
Schmidt was the CEO of Google from 2001 to 2011. After that, he served as government chairman till 2015. Schmidt can also be a founding companion of enterprise capital agency Innovation Endeavors.
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