The Real Deal Los Angeles

In San Francisco, tech entrepreneur Scott McNealy lists for $97M

He and his wife tried selling off-market for two years to no avail
June 21, 2018 11:30AM

Scott McNealy with home (Credit: Rex, Twitter)

Silicon Valley homeowners are taking a page from Los Angeles, where over-the-moon asking prices are popping up almost every week in the heated market for mega-mansions.

Scott McNealy, a Silicon Valley tech businessman, has listed his 13-acre home in Palo Alto for about $97 million, the Wall Street Journal reported.

The mansion, which took seven years to build, features a 28,000-square-foot main house, including a gym with a rock climbing wall, poker and billiards room, disco, “pizza room,” and a safe room. There’s also a ice hockey rink and 110-yard golfing practice area.

McNealy and his wife Susan paid about $11 million for the land. They bought the first lot in the mid-1980s, and later added the second lot in 2001.

The couple first tried to sell the property off-market with an agent. A suitable buyer didn’t surface. So now they are opting to list the property with REX, a Woodland Hills-based digital brokerage that works outside of the Multiple Listing Service and uses artificial intelligence and data to connect buyers and sellers.

Unsurprisingly, McNealy is an investor and a board member in the real estate-tech startup.

The Silicon Valley entrepreneur is best known for co-founding Sun Microsystems, a computer technology company that sold to Oracle for $7.4 billion in 2010. He went on to found a few other startups, most notably Wayin, the mobile marketing company. He stepped down from his role as CEO of Wayin in 2016. [WSJ] — Natalie Hoberman