Connect with us

Tech

Ex-Google CEO sells Silicon Valley mansion for over $20 million

Ex-Google CEO sells Silicon Valley mansion for over $20 million

 


ATHERTON — A mystery buyer has purchased a sprawling, park-like Silicon Valley mansion and estate from a former Google chief executive for more than $20 million, but the deal closed for less than the asking price.

According to documents filed June 14 with the San Mateo County Recorder of Deeds Office, the new owners of the Walsh Estate in Atherton paid $22.5 million for the land.

Former Google CEO Eric Schmidt speaks at an event in Mountain View in 2014. (Gary Reyes/Bay Area News Group)

A trust controlled by former Google CEO Eric Schmidt and his wife, Cindy Schmidt, and an affiliate operating as Big Hen Group I sold the 3-acre site, according to county real estate files.

According to public documents, the land was purchased by an entity called Olowalu, which shares its name with a beachfront neighborhood in a remote area of ​​West Maui.

A view from above of the Walsh Estate, 366 Walsh Road, Atherton. (Peter Lyons) The conservatory at the Walsh Estate, 366 Walsh Road, Atherton. (Peter Lyons)

Olowalu purchased the Walsh Estate for all cash.

A sales group led by the Schmidts was listing the Walsh Estate for sale for $24.5 million.

This means the property sold for $2 million less than the asking price, which is an 8.1% reduction from the price the seller was asking when he put the property on the market.

Eric Schmidt, 69, served as CEO of Google from 2001 to 2011. He also served as Google's chairman from 2011 to 2015. From 2015 to 2017, he served as vice chairman of Google's parent company, Alphabet. From 2017 to 2020, Schmidt served as a technical advisor to Alphabet.

“Walsh Estate has been carefully considered and thoughtfully designed to create a canvas of natural privacy and tranquility,” reads the listing website from real estate brokerage Resolve Group.

The property includes a mansion, guest house, conservatory and extensive grounds.

“It presents an incredible opportunity to redefine what traditional real estate looks like,” Resolve Group said of Walsh Estate in its listing.

Sources

1/ https://Google.com/

2/ https://www.mercurynews.com/2024/06/20/google-tech-ceo-home-house-mansion-real-estate-property-atherton-buy/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]