Ex Google boss Eric Schmidt unloads Silicon Valley estate for $22.5M
Former Google CEO Eric Schmidt just offloaded his sprawling Silicon Valley estate for a cool $22.5 million, barely two months after putting it on the market.
The luxurious property, nestled in the ultra-wealthy Bay Area enclave of Atherton, was initially listed at the end of April for $24.5 million. Last week, it officially sold, according to Realtor.com.
Details of the buyer remain under wraps, as the sale record hasn’t yet been made public.
Schmidt, 69, and his wife, philanthropist and businesswoman Wendy Schmidt, painstakingly assembled the 3-acre estate over two decades — starting in 1990 when they bought the main house for $2 million, according to PropertyShark records.
Over the years, they acquired neighboring parcels, allowing them to expand the main house and add a guest house, landscaped grounds and a UK-imported greenhouse, as reported by Mansion Global.
Atherton consistently ranks as one of the priciest cities in the US, and this spring has seen prices skyrocket. Realtor.com data shows the median listing price hit $13.9 million in May, a staggering 50% jump from last year.
The main house, built in 1969 and remodeled by the Schmidts, boasts a stately 5,265 square feet with features like fireplaces, beamed ceilings and light-filled living spaces.
The upper level offers several private outdoor areas, including a large terrace off the primary suite, a terrace off a secondary bedroom, a smaller third terrace and two balconies.
Listing agent Katharine Carroll of Compass had no comment on the sale.
The backyard is perfect for entertaining, featuring a patio with a pool and spa, an open lawn, an outdoor fireplace and a pavilion.
The upper portion of the property is centered around the greenhouse, surrounded by a garden of raised beds and fruit trees.
Eric Schmidt, who led Google as CEO from 2001 to 2011 before serving as executive chairman until 2015, did not immediately respond to a request for comment sent to his website.
