The Real Deal National

This Silicon Valley home hit the market in Larry Ellison and Sheryl Sandberg’s town

Atherton is home to tech titans and is the most expensive place to buy a home in the US
June 29, 2019 04:00PM

David Sacks and 190 Almendral Avenue

David Sacks and 190 Almendral Avenue

Silicon Valley mainstay David Sacks is selling his 11,000-square-foot home in Atherton, the area’s most exclusive town that’s home to numerous tech titans.

Sacks is asking $22.5 million for the six-bedroom home, according to Variety. Last year, homes in Atherton sold for a median of $6.7 million, making it the most expensive area to buy a home in the country.

Average annual household income in Atherton is around $450,000, according to Business Insider. Residents include Oracle co-founder Larry Ellison and Facebook Chief Operating Officer Sheryl Sandberg.

While not as high profile as some of his neighbors, Sacks has made his mark on Silicon Valley. He was PayPal’s first COO and in 2012 sold his social media company Yammer to Microsoft for $1.2 billion. He’s since invested in a number of hugely successful tech companies, including Facebook, Uber, Airbnb, and Bird.

Sacks purchased the Atherton property in 2016, a year after the home and its guest house were built. The house features high end appliances and furnishings, as well as a home theater, pool, and four-car garage.

In 2012, Sacks paid $20 million for an even larger home in San Francisco’s Pacific Heights neighborhood — the most expensive in the city — and reportedly spent another $10 million to renovate it. [Variety] — Dennis Lynch