San Francisco, CA

Crack Open Your Wallet to Buy a $135 Million Home in San Francisco. The rich are getting richer during Covid.

Geoffrey Greer

A bedroom for every night of the week.

https://img.particlenews.com/image.php?url=1Pm0IM_0YvKItbh00

Photo from Pacific Horticulture

Get your wallet out and break open the piggy bank! Hidden among the posh homes in one of the most affluent areas of Silicon Valley, the Green Gables estate in Woodside is on the market for the first time ever.

Selling for just $135 million, this estate has multiple homes. This expansive property can only be described as a real estate goldmine — it features seven houses boasting panoramic views of the Western hills and the Bay, three swimming pools, gardens, a tennis court, and a football field-sized pool.

In the Bay Area, real estate has continued to run hot during the pandemic with luxury homes being the hottest. Sales are hitting historic highs in almost every part of the region.

The home sales at the top end of the market reflect the K-shaped recovery. The pandemic has inflicted job and wage losses on tens of millions of lower-income people, while the wealthiest Americans have experienced far less financial disruption.

Homes at the high end of the market are selling quickly as the result of the pandemic. While rental apartments have seen lower prices, luxury home prices have continued to skyrocket.

The Green Gables estate has been in the same family for five generations. Built in the early 1900s, its centerpiece is a 9200 square foot home.The other homes on the estate were built in the 1960s and 1970s.

The 20th anniversary of the United Nations was held on the grounds of the estate in 1965. It has been used for corporate retreats, weddings, and events. Over the years, most of its six other houses were rented out and not used as frequently as they were in their early days.

Comments / 0

Published by

Opinion pieces about US politics, business, and self improvement.

San Francisco, CA
96 followers

More from Geoffrey Greer

Comments / 0