On the market for $23.995 million last year, the list price for the Los Altos Hills home with nearly 17,000 square feet of living space at 11627 Dawson Drive was reduced to $18.95 million four months ago.
And this morning, the list price for the property was cut another $2.955 million (16 percent), now asking $15.995 million for the 5.6-acre estate known as Rancho San Antonio.
In addition to the six-bedroom main home, which features virgin redwood ceiling beams, an over-sized kitchen (under which there’s a 5,000-bottle wine cellar), and a loggia that opens to the patio and pool, the property includes a two-bedroom guest house, an attached 3-car garage, a detached 4-car garage, and a 35-car garage which wasn’t an original feature of the property.
Purchased by the sellers for $6 million in 1997, at which point it was the largest home in Santa Clara County, the home was originally built for C. Earl Dawson in 1939 on what was then a 130-acre assemblage of land he purchased from the University of California and has since been parceled out.
Who was C. Earl Dawson?
(Because I’m a history nut who has enjoyed many runs on the trails of the near-by Rancho San Antonio Open Space Preserve…), C. Earl Dawson was a GM exec. whose apparent claim to fame was selling 9 limos to Al Capone.
The house was finished in 1948 for $112K after Dawson bought the property in 1936 from the Univ. of CA. for $55K. Prior to that, the then 106 acre property was held by Dr. Morris Herzstein, who purchased it in 1906. He later bequeathed it to the University in hopes they would use the property to establish a retirement home for doctors, a hope that never materialized.
Thank you!
I smell the dust of a tear down…
UPDATE: Silicon Valley Estate Now Listed for Nearly 50% Less