Money

Woodside, California House Sells for $117.5 Million

| by Michael Allen

An estate in Woodside, California has sold for $117.5 million, making it one of the highest-priced residential sales ever in the U.S., reports the Los Angeles Times.

The seller of the home was Tully Friedman, chief executive of Friedman, Fleischer and Lowe, a San Francisco-based private equity firm. The estate was purchased by SV Projects LLC.

The house was built in 2005 and designed by architect Allan Greenberg. The estate includes 360-degree mountain views, 9 acres, swimming pool with a pool house, tennis court and formal gardens.

The home also has an ellipse-shaped garden room with a domed roof and several sets of double French doors.

The home is 8,930 square feet, which would make the sale price $13,158 per square foot.

This sale tops that of a mansion purchased by Russian investor Yuri Milner in 2011 for $100 million in Los Altos Hills, California.

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