Schmidt and his wife, Wendy Schmidt, bought the home in 1990 for $2 million and gradually expanded the estate over about 20 years, adding adjacent land, a hotel and a greenhouse.
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According to Realtor.com, former Google CEO Eric Schmidt has sold his home in Silicon Valley for $22.5 million.
The home is located in the affluent town of Atherton, just west of Menlo Park and Palo Alto. Schmidt and his wife, philanthropist and businesswoman Wendy Schmidt, listed the property for $24.5 million in April.
The identity of the buyer is not yet known.
Kat Carroll of Compass reSolve Group represented the seller, and Mary and Brent Gullixson of the Compass Gullixson Team represented the buyer.
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According to PropertyShark records, the Schmidts first purchased the main house in 1990 for $2 million and gradually expanded the estate over about 20 years. As they added to the adjacent land, the couple eventually purchased about three acres and expanded the main house, adding a guest house and a greenhouse imported from England. Mansion Global.
Aerial view of the property | The Agency
Atherton is one of the most expensive places in the country, with home prices soaring in recent months. The median listing price increased 47.6% year-over-year in May to $13.9 million, according to Realtor.com.
The home was built in 1969 and now spans 5,265 square feet. It includes five bedrooms, five full baths and six half baths. Attractive design elements include beamed ceilings, abundant natural light and fireplaces. The house also features several private terraces and includes three different bedrooms.
The grounds include a courtyard with pool and spa, an entertainment pavilion and an outdoor fireplace. Surrounding the greenhouse is a garden with raised beds and fruit trees.
Living area with fireplace | The agency
Carroll previously said Mansion Global When the property first came on the market, properties of this size, with so much land and privacy were rare in Atherton.
“The location of the home is very private, at the back of a cul-de-sac, and the main house is built into the hillside, providing privacy and very good security,” she said.
The lush grounds also create an oasis-like atmosphere, Carroll added.
Greenhouses on property | The agency
“From the moment you step onto the grounds, you feel as if you have been transported to a private plant sanctuary.”
Schmidt served as Google CEO from 2001 to 2011.
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