Former DocuSign CEO pays $22M for newly built Atherton house 

Ex-DocuSign CEO Dan Springer has purchased a newly built Atherton home for $22 million, according to public records. Springer bought the 1-acre property with Gillian James for about $2,000 per square foot. 

The new house is the work of developer Mehdi Jazayeri, according to public records, who bought the property for $5.15 million in 2019. That’s shortly after he sold another home he developed around the corner from the cul-de-sac property for $15.3 million in late 2018. 

This latest sale at 335 Fletcher Drive was bigger and had a “better design and higher quality finishes” than the 2018 trade, according to Compass agent Tom LeMieux, who listed both properties. The developer has built many homes in Atherton and Menlo Park and only works on one at a time, he added via email.

LeMieux listed 335 Fletcher for $25 million in mid-April and said the “contemporary yet warm” property received a lot of interest but just one offer during the marketing period. The seller also received an offer before the home was even finished, he said, but chose to finish it and bring it to market instead.

Springer stepped down from the top job at San Francisco-based DocuSign last year after the company’s stock lost 60 percent of its value. He took the job in 2017 and took the company public the following year.

The three-story main home at 335 Fletcher has six bedrooms, eight full baths and two half baths in more than 11,000 square feet. The side-by-side living/dining rooms share a disappearing glass wall that leads out to the terrace, pool and outdoor kitchen. There’s also a one-bedroom, one-bath guest house and a three-car garage with two electric chargers and a motor court.

Buyers agent Alex Buljan, also with Compass, declined to confirm the identity of the buyer or comment on why they bought the home, but said in general the home’s builder “did an exceptional job,” and that the property “had the feel of a custom home.”

Buljan and LeMieux agreed that luxury activity on the Peninsula had yet to taper off for the summer. LeMieux said that, with the winter storms, the season had gotten off to a late start and therefore buyers were still active this June, other than “the normal vacation and graduation distraction.” 

Newly built inventory in Atherton is limited and “well built and located new homes still are receiving good demand if they are priced appropriately,” LeMieux said.

This trade ranks in the top five sales in the country’s wealthiest zip code so far this year, with the sale of an empty 2.5-acre lot and a tear-down that went to a luxury home developer tied for first place at $25 million each.

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