Property Futures

Real Estate News, Reviews and Investment

Silicon Valley Steal: most expensive residential property in America

Silicon Valley Steal: most expensive residential property in America.

Silicon Valley Steal: most expensive residential property in America

New record set for the most expensive residential propety in America.  Who’s the buyer?

Masayoshi SonMasayoshi Son, global telecom superstar and Forbes’ 53rd most powerful person, made the news recently when he announced that his Japanese company, SoftBank, will acquire a majority shareholding of US telecom giant, Sprint Nextel.

The sale price was a reported US$20.1 billion.  At that price, Mr. Son’s more recent newsworthy acquisition must have felt like petty cash.

Reports cannot yet be confirmed but it is believed that Mr. Son is the buyer behind an expansive home in the Silicon Valley region of California, USA.  The purchase price, US$117 million, sets the record for what is being called the most expensive residential real estate in America.

Just what does US$117 million buy these days in a residential property?  About 4,000 square metres of land (9 acres), 830 sq.m. house, indoor and outdoor pools, tennis court and several detached buildings, including a separate library.

What, no indoor bowling alley or petting zoo in the garden? Bearing in mind that some of the world’s most expensive real estate is in Silicon Valley, US$117 million doesn’t seem to buy quite as much as it used to.

The seller was Tully Friedman, CEO of a private equity firm in San Francisco.

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This entry was posted on February 7, 2013 by in Investment, Property and tagged , , , .

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