Haute Estates: 12-Acre Silicon Valley Estate Sells for $53 Million

A luxurious 12-acre Silicon Valley estate that was once owned by a great-grandniece of denim entrepreneur Levi Strauss just sold for $53 million by the children of Madeleine Haas Russell, a San Francisco philanthropist and arts patron.

Originally listed for $59.5 million when it hit the market in April, the magnificent estate’s sale price of $53 million makes it the most expensive property sold in Atherton, California this year.

The sellers of “Pine Brook” were the children of San Francisco philanthropist and arts patron Madeleine Haas Russel, who passed away in 1999. The family had owned the home for a century and was using it as a summer retreat.

The property features seven bedrooms, an English Tudor-style house of more than 11,000 square feet and a seven-bedroom guesthouse. In addition, there is a pool with a cabana containing a hidden bar room, a caretaker’s cottage, a tennis court and gardens.

The buyer, who purchased the estate through a California limited-liability company, has not revealed their identity.

Source: Wall Street Journal

Like Haute Living San Francisco? Join our Facebook page or follow us on Twitter @HauteLivingSF. Want Haute Living San Francisco delivered to your inbox once a week? Sign up for our newsletter.