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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.




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