At Inman Join Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big concerns will be answered, and new small business chances will be revealed. Join us.

Former Google CEO Eric Schmidt has sold his residence in Silicon Valley for $22.5 million, Real estate agent.com documented.

The residence is located in the wealthy town of Atherton, just west of Menlo Park and Palo Alto. Schmidt and his wife, philanthropist and businesswoman Wendy Schmidt, listed the residence for $24.5 million in April.

The buyer’s id is not nevertheless recognized.

Kat Carroll of The Solve Team at Compass represented the sellers, and Mary and Brent Gullixson of The Gullixson Team at Compass represented the buyer.

Acquire THE INMAN INTEL INDEX Survey FOR JUNE

The Schmidts initial purchased the key property for $2 million in 1990 and steadily expanded the estate more than about 20 many years, in accordance to PropertyShark documents. As they added neighboring parcels of land, the few ultimately obtained about a few acres and expanded the key dwelling, added a guest home, and a greenhouse imported from the U.K., according to Mansion Global.

Atherton is a person of the priciest sites in the U.S., and residence rates have skyrocketed in new months. The median listing value surged 47.6 percent year about calendar year to $13.9 million in May well, according to Real estate agent.com.

The house was initial created in 1969, and right now spans 5,265 square ft. It contains five bedrooms, 5 whole baths and 6 50 % baths. Desirable style and design factors involved beamed ceilings, heaps of pure gentle and fireplaces. The home also options a number of personal terraces, including off of a few various bedrooms.

The grounds include things like a patio with pool and spa, an entertaining pavilion and an outdoor hearth. A backyard of raised beds and fruit trees surrounds the environmentally friendly dwelling.

A residing area with fireplace | The Company

Carroll earlier instructed Mansion World-wide when the property 1st detailed that an estate of its scale with so substantially land and privateness was a unusual locate in Atherton.

“The place of this residence is extremely-personal, at the back of a cul-de-sac with the main residence designed into a hillside that offers privateness and really great safety,” she mentioned.

The lush grounds also give an oasis-like environment, Carroll included.

The property’s green residence | The Company

“From the second you action onto the grounds, it feels as if you have been transported to a non-public botanical sanctuary.”

Schmidt was the CEO of Google from 2001 to 2011. Right after that, he served as govt chairman till 2015. Schmidt is also a founding spouse of enterprise cash organization Innovation Endeavors.

Get Inman’s Luxury Lens Publication delivered correct to your inbox. A weekly deep dive into the most important information in the entire world of superior-end authentic estate delivered every single Friday. Click below to subscribe.

Email Lillian Dickerson