Former Google CEO Eric Schmidt Finds Buyer for Atherton Home

Silicon Valley billionaire Eric Schmidt has found a buyer for his longtime house in Atherton, after seeking $24.5 million.

The former CEO of Google and his wife, Wendy, have landed an unidentified buyer for the 3.4-acre wooded estate at 366 Walsh Road, the Wall Street Journal reported. The final price was not disclosed.

The Schmidts listed the 5,300-square-foot home two weeks ago for $24.5 million. They bought the property in 1990 for $2 million.

The couple then spent decades and $8 million adding to the estate, including two purchases of adjacent land, bringing the property up to more than 3 acres. They also renovated the estate.

The property includes a five-bedroom, six-bathroom house, guest house, security office, greenhouse and a detached three-car garage with an entertainment room.

The two-story main house, clad in white, contains a formal entry with a stairway and herringbone wood floors throughout, according to the listing.

It has a gourmet kitchen with a breakfast nook, living room, family room, dining room, office-study and sun room, which overlook a swimming pool surrounded by lawns and fruit trees.

Upstairs, a master bedroom includes an ensuite bath and dressing room, with a balcony overlooking the pool.

It has ample room for “entertaining a crowd,” according to its listing, while being “incredibly private.”

Atherton, with a typical home price last month of $6.7 million, has been the most expensive zip code in the nation for the last seven years. In March, tech billionaire Marc Andreessen and his wife, Laura, listed their Atherton estate for $33.4 million.

Eric Schmidt served as CEO of Google from 2001 to 2011 and has a net worth of $24.5 billion, according to Forbes. He and his wife co-founded Schmidt Futures, which funds science and technology research, and he is chair of the Special Competitive Studies Project, a nonprofit focused on AI and other technology in the U.S.

The couple recently bought Jackie Kennedy’s former mansion in Washington, D.C., and own homes in Montecito, Los Angeles, New York and Nantucket, Mass.

— Dana Bartholomew