Location:  360 Mountain Home Road, Woodside, CA

Square Footage: 8,900

Bedrooms & Bathrooms: 4 bedrooms & 4.5 bathrooms

Reported Sales Price: $117,500,000

This 9-acre gated Woodside, CA estate owned by  private equity titan Tully Friedman ( founder of Friedman Fleischer and Lowe LLC) reportedly sold last year for a whopping $117,500,000; the buyer was not named. Located at 360 Mountain Home Road, it was designed by Virginia-based architect Allan Greenberg and built in 2005. Tully purchased the land for $8 million. The Neoclassical style mansion features approximately 8,900 square feet of living space with 4 bedrooms and 4.5 bathrooms. The grounds feature formal gardens, swimming pool with pool house, detached garage, pergolas and a reflecting pool.

*Thanks to HOTR reader Randy for the tip

CLCK HERE TO VIEW THE HOME IN GOOGLE MAPS

CLICK HERE FOR ARTICLE #1

CLICK HERE FOR ARTICLE #2

 

  • Charlie Austin

    There are 20,000 sqft houses here in North Carolina that go for under the $6,000,000 mark, so there must be gold under that land.




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    • NOVA Ben

      You can’t really compare NC to this area of CA. It’s apples and oranges.




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      • Dilettante

        You also can’t make comparisons based solely on size, since there’s a lot more that determines the value of a house than just square feet.




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  • Grrrowler

    I have to admit that it’s a lovely house, has amazing grounds, and that Woodside is a great place to be. But $13,000/square foot? It better be beautiful, and then some, for that.




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  • Randy

    Thanks for posting this Kenny ! 360 Mountain Home Road, Woodside, CA

    I wonder what idiot overpaid ?… Rumor says it is an American . Mr.Tully made a pretty good profit since he only paid $8,000,000 in 1997.




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  • Daniel

    Are you shitting me? Are we certain they didn’t accidentally add a “0” onto this? I’m not going to even go over home many other homes I could have for the price of this. Most asinine thing I’ve heard in a looong time.




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    • Daniel

      I mean honestly, I could knock on Oprah’s door and offer this and I bet we wouldn’t be too far off from a deal. But this? Complete joke…




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  • phoenix

    It really is a ridiculous price! The owner wants to get 117 millions for 9,000 sq.ft on nine acres … Why did not he ask for one or two billion dollars? It would be logical as this price would be unrealistic, too. Such a price would be reasonable for the Carbon beach, Bel Air or for a top property (25.000 +) in Westchester or Greenwich. This area has a significant limitation on the size of houses. The main benefit may be the size of the plot and the incredible landscape. But what do we see? This is an ordinary property. I think one hundred million price tag in this area can have only three estate: ellison’s estate, 179 Kings mountain rd and 329 Albion Ave. I think this estate should cost no more than $ 30 million




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    • Dilettante

      You seem to have misread the post–it says it SOLD for $117 million.




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  • Venom

    Obviously this price is incorrect. If this had happened it would have been all over the news and I have never seen this house mentioned anywhere. A half blind man can see this is not the quality of a home that costs that kind of money, nor is 9 acres enough land to command that price and definitely not in Woodside CA.

    The only way on earth something like this could ever be this price is if it was the result of a massive money laundering scheme. I don’t buy it.




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  • NOVA Ben

    Agree 100% with Venom on this. This doesn’t even begin to add up, and I’m guessing there’s either a lot more to the story, or it’s just flat-out wrong. Probably the latter.




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    • Doug

      I’ve seen this reported in quite a large number of places today. But, I would not be surprised if this was some sort of ploy by the realtor or owner. Make everyone think that there was a contract in at $117m, put it on the market shortly thereafter when the mysterious contract falls through, and suddenly anyone interested thinks they’re getting a decent deal at say $90m.




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  • Joseph

    I wouldn’t buy anything less than a small town if I had $117.5 million. Also, I could care less about the location. Quite frankly, California has no character unlike the Midwest and it lacks the culture of the East Coast so I fail to see why it is the largest enclave for luxury real estate. Due to my disagreements, I will ignoring location, and am going to judge this as if it were a suburb in Indiana. Hmm, 8,900 square feet? I’d pay $800,000-1,200,000. 9 Acres? That’ll be $500,000. Now as a fairer comparison, if this were in say, the North Shore of Chicago, the land would be quite expensive but certainly less than $5 million. The house itself would be two million.




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    • Barney

      EXCELLENT equation and very well written, Joseph. THIS kind of GUT-WRENCHING, REVOLTING, and MIND BOGGLINGLY HORRIBLE conspicuous consumption, PSYCHOTIC abuse of money and the disgustingly wretched importance that people put on and pay for in “luxury” real estate makes me want to PUKE, violently.




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      • Tony

        If you feel that way then why do you frequent a site that is nothing more than mega mansion porn?




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      • nycfr

        LOL!

        Seriously…..you might as well complain that McDonald’s is an ‘awful 5-star gourmet restaurant’ too while you’re at it.




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    • ZigZagBoom

      “California has no character unlike the Midwest”???

      WTF, have you ever actually been to California?




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  • Tony

    Either this is an incorrect price or this is some sorta shady transaction where money was exchanged for the property to avoid paying taxes for some reason. Who knows but no one would pay that kinda money for that property for any normal reason.




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  • Tony

    I also wanted to add that this is an amazing looking home. The front exterior is a little odd but the interior is good quality from the pics I’ve seen. Also this home is located within 10 miles of the home that Yuri Milner bought in Los Altos Hills for $100 million. So this is a pricey area. But its only 8,900 square feet. Are we 100 percent certain that is the correct square footage cause it could have had renovations that could have added more square feet since it was built. It does look from the pics that it could be 12,000 square feet or more. But if it is only 8,900 square feet then it is too small to sell for that much. I think it needs to be over 25,000 square feet to warrant that price and it would still be a little too much. But this is an area with a lot of Silicon Valley billionaire titans that can afford to pay these prices. But I think whoever bought this should hire the same architect that built the house to come in an remodel it to bring it up to at least 25,000 square feet.




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    • phoenix

      Woodside has paranoid rules for the construction of new homes. Maximum house size is 6,000 square feet in RR (Rural Residential) and SCP (Special Conservation) districts. An exception, to 8,000 sq ft max, may be made by the Planning Commission on lots that are 150% or larger than the applicable minimum lot size for the zoning district.
      http://www.woodsidetown.org/taxonomy/term/332




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      • Tony

        Well since this is a 9 acre lot then maybe it is big enough for an exception. Otherwise I would not have bought this house at that crazy price. I would have just bought a big vacant lot or an old house on a lot of acreage in Los Altos Hills and then built a huge Mega Mansion. I assume Los Altos Hills doesn’t have restrictions on square footage because Yuri Milner’s Los Altos Hills home is over 25,000 square feet.




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        • phoenix

          Yes, Los Altos Hills and Hillsborough doesn’t have restrictions on square footage.




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  • Tay

    Greenberg does some incredible work. But, I would definitely say this isn’t even close to his best work, even though that landscaping and the grounds look amazing. My favorite Greenberg house is Paul Tudor Jones’ estate, I would assume it to be worth more than this one too…you would think!?




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  • lambskin

    Perhaps is comes furnished with a few Monets and Picassos. I suspect there is more to this deal than just the real estate-some other business transaction.




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    • Daniel

      I was going to say that too. Maybe it came fully furnished with antiques and fine art. But even so, that other “stuff” wouldn’t be recorded in the deed.




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  • Al Robinson

    Why! Why? Why?!?

    $117.5 million??? Hmm…..




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