While never publicly listed for sale, according to public records and SFLuxe, financier Tully Friedman’s nine-acre Woodside estate at 360 Mountain Home Road sold for $117,500,000 this past November, a sale which would make it “the most expensive private residence in California, and the second-highest price paid for a home in the United States.”
360 Mountain Home Road
In 2008, the adjacent 3.4 acre parcel at 330 Mountain Home Road (the brown patch to the right in the aerial above which has since been developed) sold for $5,500,000, suggesting a rather hefty premium for Friedman’s estate, assuming the $117.5M sale price is correct.
The purported premium paying buyer has yet to be disclosed. Tipsters?
Woodside Home Sells for $117,500,000 [sfluxe.com]

21 thoughts on “Woodside Home Sells For $117.5M? Second Most Expensive US Sale?”
  1. So that’s another $1M/year of Woodside property tax revenue, enough to fund a full time police squad to crack down on bicyclists running stop signs.
    That’s an interesting $5.5M comp on the adjacent parcel. It makes the sales price of this property seem a little fishy.

  2. Interesting article,
    Except the GDP #s are 1) from 2010 and 2) pooled into a “San Francisco-Oakland-Fremont conurbation” aka Whatchamacallit, CA which is very diverse economically, unlike Silicon Valley. Why not adding Marin County? If we saw the #s county by county, things could be a little different I think.

  3. And if you look on GOOG maps, interesting to see a vineyard just across the street. Gotta sell some pretty high end wines to justify planting grapes there. Or maybe it was a hella good year and that vineyard is expanding across the street, planning to tear down all the houses and take out the roads.

  4. yes, those GDP numbers are both out of date, and irrelevant to San Francisco the city as the MSA includes Alameda, Contra Costa, Marin & San Mateo counties, all of which are very different from SF, and each other. On the other hand, the San Jose-Sunnyvale-Santa Clara MSA is pretty homogeneous

  5. Snarky comments aside, this is a great investment. In a good area like Woodside, finding an undervalued property like this is a savvy move. I’d expect some superficial cosmetic upgrades and a mid-2015 flip in the $240m-$280m range.

  6. How is this not an error? The second most expensive home in the US? This isn’t even that nice. You could buy 236 Park Lane, “Villa Eirini” in Atherton for 1/4 the price of this… and probably get the 10+ million in furnishings included.

  7. Uh…Denis, you ever hear that old saying about the three most important things about real estate? Because Atherton isn’t Woodside.

  8. I kind of agree with Denis, this place seems to be oddly overpriced. Yes, quite different locations with different characteristics. But Atherton has its positives too, mainly that your mansion is a short drive from Menlo and Palo.
    While there are folks who prefer Woodside over Atherton there are also people who would never consider living in a place as rural as Woodside.

  9. I prefer Woodside, but Atherton is still the 3rd most expensive zip code in the country (according to Forbes). Woodside is a lowly 22, so I think the comp is still relevant. I had thought that when I retire from my exhausting job of posting comments on real estate blogs, I might move to Woodside where I could enjoy walks through the coniferous forests and lunches with Michelle Pfeiffer… Guess I won’t be doing that…

  10. @no_vally: Woodside has minimum lot sizes and is not into subdividing or multi-unit construction. So if you have large lot (and you do if you are in Woodside), then you might as well plant a vineyard — you can’t build a condo complex. Also, there is a certain cachet to having a vineyard, and Napa is a long drive away (though not too far by helicopter — which you also have if you live in woodside 🙂 ).

  11. Denis, thanks for the info. I had no idea that Woodside was nineteen places lower on the most expensive zip code ranking list. And Milkshake, I concede that Woodside is a lot more rural, which might be a turn-off for some people.
    And while the lesson might be for me to not comment about peninsula real estate, I was more expressing the preference for Woodside and unconsciously assumed that someone in the venture capital or private equity business (another assumption that I made about the buyer of this place) would have the same preference, mainly because it would mean one’s mansion is a short drive or ride to Buck’s.

  12. From the L. A. Times earlier today, Is Softbank CEO the buyer of $117.5-million Silicon Valley estate?:

    Tongues are wagging that SoftBank’s billionaire founder, Masayoshi Son, may be the buyer of a $117.5-million estate in Woodside.

    No one is willing to go on the record — everyone involved signed non-disclosure agreements. But one real estate source who requested anonymity because he didn’t want to jeopardize future business relations said Son bought the exclusive property in the woodsy and very wealthy heart of Silicon Valley.

    Son is one of the richest men in Japan. He owns nearly 30% of Softbank and serves as its chief executive.

    …It’s one of the highest-priced residential sales ever in the U.S., topping the $100-million sale of a Los Altos Hills estate to Russian investor Yuri Milner in 2011. The neoclassical-style house was built in 2005 and was designed by architect Allan Greenberg…The property was purchased in the name of SV Projects LLC.

    SV Projects LLC has the same address as law firm Morrison-Foerster’s Los Angeles office. Morrison & Foerster is representing Softbank in its acquisition of Sprint.

    Next up, Carlos Slim Helú will buy a place in Atherton.

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