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.

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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.”

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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.

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