Woodside Home Sells For California Record $117.5 Million

WOODSIDE (CBS SF) – The Bay Area real estate market has been on the rebound in recent months, but few homes have ever sold for as much as a mansion just purchased in Woodside.

With the price tag of $117.5 million the estate, sold by Tully Friedman, chief executive of Friedman, Fleischer and Lowe, a San Francisco-based private equity firm may be the highest sale price in California history. The property was purchased in the name of SV Projects LLC, according to the Los Angeles Times.

According to The Times, “The neoclassical-style house, built in 2005 and designed by architect Allan Greenberg, has 360-degree mountain views from its hilltop perch of nearly 9 acres.”

Other features include a 1,117-square-foot pool house, a 780-square-foot detached library and a 715-square-foot “retreat” building among the other approved structures, according to the San Mateo Daily Journal.

According to Business Insider, the price is a record for California. The price surpasses the 2011 sale of a Los Altos mansion to Russian investor Yuri Milner for $100 million. At the time, that sale was believed to be a record for a single-family home.

(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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