Silicon Valley Spec House $42.6 Million

An elaborate Italian-style spec home in Silicon Valley is asking $42.8 million.

In the affluent town of Atherton, Calif., the 1.45-acre property has a 16,468-square-foot, six-bedroom main house and a one-bedroom guesthouse. Between them is a fire pit and an outdoor kitchen with a wood-burning pizza oven, a wok burner, a dual-tap keg dispenser and limestone counters.

According to developer Rafi Bamdad, the home has six hand-carved French limestone fireplaces as well as 15 security cameras. The “man cave” or office has a bar, a bath, a television and room for a conference table. The lower level of the home includes a whiskey bar and a 3,000-bottle wine cellar. There is also a gym and an 11-seat theater. An elevator goes to all three levels of the home. Mr. Bamdad said he planted Meyer lemons near the outdoor dining space ‘to make your own limoncello” and brought in mature landscaping including 150-year-old olive trees and more than 250 rose bushes. There is a 58-foot-long freshwater pool.

Mr. Bamdad said he and Kathy Nabavi, his wife and business partner, paid $7.25 million in 2013 for the lot and a ranch-style home that they tore down. The median sales price for a home in Atherton was $4.8 million for the period Nov. 25 to Feb. 24, up 8% from the previous year, according to real-estate website Trulia.

Wall Street Journal
Silicon Valley - March 2016
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