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Each week, Embarcadero Media takes a look at home sales activity along the Midpeninsula in the communities of Atherton, East Palo Alto, Los Altos, Los Altos Hills, Menlo Park, Mountain View, Palo Alto, Portola Valley and Woodside. Home sales are provided by California Resource, a real estate information company that obtains the information from counties’ recorder’s offices. Information is recorded from deeds after the close of escrow and published within four to eight weeks. Here’s a look at home sales activity between July 15 and Aug. 9 that was made public the week of Sept. 2.
Of particular interest this week … A 9,920-square-foot home with a $54.4-million price tag in Woodside reportedly shattered this year’s highest recorded sale in San Mateo County. The sale, which the Real Deal reports was an off-market deal, closed on July 15, bumping the $48-million sale of Gap co-founder Doris Fisher’s Atherton estate last April from the top of the county’s “most-expensive” list. Located on 12.8 acres in Central Woodside, the 28-year-old home features four bedrooms and seven bathrooms, according to the listing on Zillow. The county recorder’s office shows that Spencer Lane Woodside LLC sold the property to 160 Mountain Wood Lane Trust – an entity that the Real Deal reports is tied to Divesh Makan’s wealth management company Iconic Capital. Founded in 2011, the company is known for managing the assets of some of Silicon Valley’s biggest tech billionaires.
