Tech billionaire Scott McNealy has relisted his 21,000-square-foot mansion in Portola Valley for $54 million – $42.9 million less than the initial asking price.
The co-founder of Sun Microsystems relisted the 5-bedroom, 7.5-bath home at 610 Los Trancos Rd., SFGate reported. He’d tried to sell the 13-acre estate in June 2018 for $96.8 million.
Then he re-listed in October 2019 with a $42 million price cut and an overhaul of the interior staging. It didn’t sell, and was removed from the market in December before re-emerging now at nearly the same price.
The Palo Alto post-office property is nestled in the woods of Portola Valley, a wealthy community along the Santa Cruz Mountains southwest of Stanford. It was custom-built in 2008.
Beyond the 110-yard practice golf course and ice hockey rink, the 20-room home includes a rock-climbing wall, a tennis pavilion and what appear to be seven fireplaces along with a 4,000-square-foot guest house.
It has an industrial laundry room, a barrack-style kids’ room with three beds, panic room, home theater, music room, gym, massage room and an outdoor swimming pool and spa.
Stanley Lo of Green Banker Real Estate holds the listing. He told SFGATE the property is also available for rent at $100,000 a month.
McNealy, an avowed Trump supporter and self-described “raging capitalist,” is worth an estimated $1 billion. He was the CEO of Sun Microsystems for 22 years before stepping down in 2006. Oracle purchased Sun in 2009 for $7.4 billion, a fraction of its $116 billion valuation at the height of the first dot-com boom.
[SFGate] – Dana Bartholomew