An estate sitting on over 23 acres of redwoods in Woodside, California, will hit the auction block in December.
Situated centrally between San Francisco and Silicon Valley, the 9,800-square-foot custom estate has six bedrooms, seven-and-a-half baths, 22-foot ceilings and a six-car garage that is capable of storing limousines, according to the listing.
The property will sell without reserve, meaning the highest bidder will become the new owner upon closing of the auction, which will take place Dec. 13 via Concierge Auction’s website.
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Property records show the mountain home was bought by Addison Technology Inc. in 1996 for $495,000.
The estate was first listed for $10.989 million in July 2013, but the listing was removed in 2015, after the property languished on the market for more than a year. Public records show it was listed two more times subsequently, in 2015 and this year, but didn’t sell.
According to the listing agent Mike Kenyon at Keller Williams Realty, the owner is a Silicon Valley businessman who spent eight years constructing his “dream home.”
The owner couldn’t immediately be reached for comment.
Mr. Kenyon said he acquired the listing from the seller about a month ago and relisted it for $9.5 million last week.
“Back in 2013, the market wasn’t quite ready for a property like this. But the economy has never been better in Silicon Valley,” Mr. Kenyon said. “I think $9.5 million is the right market price, but we will know what’s exactly the market value of it after the auction.”
The listing shows the master bedroom and four guest bedrooms each boast en-suite baths and both mountain and ocean views. The chef’s kitchen features state-of-the-art stainless steel appliances, granite countertops, and double ovens.
“The owner used all the best materials available during the construction, including more than 50 tons of steel and 500 tons of concrete,” Mr. Kenyon said. “It was built to be resistant to any kind of natural disaster, including an earthquake.”
Situated on over 23 acres of redwoods, the estate provides complete privacy but is nine miles from Stanford University and 22 miles from the main Apple campus and a short commute to the rest of Silicon Valley, the listing shows.
The listing page has both English and Chinese descriptions of the property, which is specifically targeting affluent Chinese buyers and investors.
“This is a very ethnicity diversified area and we have a fair amount of Chinese buyers in the high-end market,” Mr. Kenyon said.
The auction was first reported by Curbed.
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