Nicole Vidalakis’ Silicon Valley estate sells for all-cash $25M asking price

Nicole Vidalakis, daughter of developer Nick Vidalakis, put her Portola Valley home and art collection on the market more than a year ago

A photo illustration of 121 Ash Lane in Portola Valley, CA (Compass)
A photo illustration of 121 Ash Lane in Portola Valley, CA (Compass)

UPDATED, Jan. 19, 2021, 4:05 p.m.: Nicole Vidalakis, the daughter of real estate developer Nick Vidalakis, spent seven years designing her Silicon Valley home and building it to her precise specifications. After more than a year and $8 million of price cuts, it took just two days close an all-cash deal.

The property sold for her $25 million asking price, plus more than $1 million for all the furniture “down to the towels in the spa” and more than 20 pieces of modern art, Scott Dancer, the Compass agent who handled the sale, said in an interview. Vidalakis cut the price last fall from the $33 million she sought at the end of 2020. The interior of the main 6,500-square-foot home was softened from Vidalakis’s original decor, which wasn’t meant to be cozy or even homey, she told the Nob Hill Gazette in 2019. It went into contract on Jan. 17 and closed today, Dancer said. The buyer wasn’t disclosed.

“I didn’t want it to necessarily look super-comfortable,” said Vidalakis, a psychologist who got her doctorate a few miles from the house at Stanford University. It’s the same school her parents and three brothers attended and has a dining hall, courtyard and classroom in the business school named for the family foundation’s philanthropy to the university.

Design enthusiasts loved the three-level glass and concrete home, which also has a cobalt blue rubber sunshade, a sculpture garden and a primary suite without a door to the bathroom, when it was completed in 2014. It won several architecture awards and was included in the 2017 book The American House: 100 Contemporary Homes. The 75-foot-long-lap pool, with its three infinity edges, is the cover of a coffee-table book about homes designed by its architect, Emeryville-based Swatt/Miers.

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(Source: Compass)

Yet potential buyers may have blanched at some of the home’s more dramatic interior design touches. It underwent a minor facelift before returning to the market at the lower price in September.

Gone is the curved walnut matchstick bench by Thos. Moser, as well as the aluminum department store mannequin that used to sit on it, replaced by a more traditional living room seating arrangement. In the primary bedroom, the custom Missoni-upholstered bed and two graffiti paintings by an artist known by the tag “Blanco” went out and a gray tufted headboard and graphic wallpaper came in. The 1980s murano light fixtures in the bedroom remain.

Also remaining on the 3.7-acre Portola Valley property, which also has a 750-square-foot guest house and a detached garage with its own apartment, are the more than 20 modern sculptures that Vidalakis bought over the years.

“I love my art, but I am prepared to let it go,” Vidalakis told The Robb Report when the house first came on the market. “I’m ready to move on to my next project, and selling gives me permission to do it all over again.”

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UPDATE: This article was updated to add that it sold at the asking price of $25 million.

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