The Fleishhacker family has cut the price of its 74-acre historic estate in Woodside to $125 million, while allowing buyers an option to cherrypick parcels.
The old-monied family from San Francisco has lopped $10 million off the price of its century-old Green Gables Estate at 329 Albion Avenue, in the unincorporated tony town west of Stanford, the San Francisco Business Times reported.
The Fleishhackers had listed the 32-bedroom estate in 2021 for $135 million, after trying to sell it in 2019 for $117 million, a year after putting it on the market in 2018 without an asking price.
Brokers Brad and Helen Miller of Compass hold the latest listing, which includes the entire estate, or seven homes on 10 separate lots
The sprawling estate harkens back a century ago, when the Fleishhacker family founded Bay Area banks and a local power company, while developing the world’s largest outdoor saltwater swimming pool near Ocean Beach.
Green Gables was conceived by banker and businessman Mortimer Fleischhacker Sr., who bought the first parcel in 1907 and commissioned Charles and Henry Greene of Greene and Greene to design a 10,000-square-foot mansion modeled after English manors to serve as a summer retreat.
Over the following decades, the family built out the San Mateo County property to include six other homes, including two built in the 1860s, one in the 1930s and another built in the 1970s, with its own pool and in-law suite.
Together, the estate has 32 bedrooms and 26 bathrooms across 24,000 square feet of homes.
Along with the price drop, would-be buyers can now pick and choose among the homes.
The English-style residence and its 60-foot-by-300-foot Roman-style pool is now up for sale for $55 million, according to the Business Times.
Other homes and buildings including an equestrian barn, guest houses, pools, tennis courts and a dairy are also on the market, to be reimagined as new residences.
“Our family’s desire had always been to sell Green Gables to that one special buyer who is seeking to replicate the full seven home family compound experience that we have been so fortunate to enjoy for six generations,” Marc Fleishhacker said in a statement.
“However, we recognize that despite the fact that Silicon Valley has many qualified buyers for such an undertaking, managing 74 acres and all that it comprises is no small task.”
Across six generations, Green Gables has hosted scores of the world’s elite, including ambassadors and world leaders like the Crown Prince of Sweden. The United Nation’s 20th anniversary event was held there in 1965.
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