A Woodside, Calif. home has fetched an astounding $117.5 million. The nine-acre estate quietly traded hands in November, according to county records, and had never been officially listed for sale.
$117.5 million price is the most expensive home in America.
The seller of the hilltop estate was Tully Friedman, chief executive of Friedman, Fleischer and Lowe, a San Francisco-based private equity firm. The buyer was SV Projects LLC, a so-called straw buyer entity tied to a Los Angeles law firm used to keep both the privacy and additional assets of the buyer safe. As of yet, the identity of that buyer is unknown, though several Silicon Valley real estate sources suggest an Asian billionaire (likely Chinese) is behind the sale.