The most expensive listing in America's wealthiest town got a $5 million price cut — take a look inside the 7-bedroom, $27.5 million Silicon Valley mansion

Todd ClanceyThe contemporary mansion’s asking price is four times that of the neighbourhood’s median home value.

• A seven-bedroom mansion in Atherton, California, is listed on the market for $US27.5 million.
• The listing is the most expensive on the market in Atherton, which Forbes dubbed the wealthiest town in America in 2019.
• The home at 61 Faxon Road was listed in June 2018 for $US32.5 million before a series of price cuts brought it down to the current tag of $US27.5 million.
• But even with the price slash, the mansion is still the area’s most expensive public listing. Take a look around.

There’s a reason why Forbes listed Atherton, California, as the wealthiest town in America in 2019.

The town is nestled in the state’s Silicon Valley, a region famed for its magnitude of tech behemoths like Google and Facebook, meaning that tech workers in the area make some of the highest salaries in the country.

And there’s a decent chance that one such techie could become the owner of a newly-constructed, 13,014-square-foot residence at 61 Faxon Road, shelling out the asking total of $US27.5 million.

That price tag was $US5 million higher when it was listed in summer 2018, but in September of that year, the amount was slashed from $US32.5 million to $US29.5 million, according to Zillow. And just two months later the home saw another cut, this time lowering the price to $US27.5 million.

Even by Atherton’s standards, the price tag is a hefty one: According to Zillow, the median home value for the neighbourhood is $US6.57 million, four times less than that of the mansion’s current listed price.

And despite the price cut, the home is still the most expensive listing on the market in the country’s priciest zip code.

Take a look around.

The estate at 61 Faxon Road spans 1.07 acres and went on the market in June 2018. It sits in the vicinity of the area’s Menlo Circus Club, an exclusive social club for wealthy clientele.

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The contemporary home is outfitted with black stainless steel, cedar, clear glass, and natural stone.

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Source: Keller Williams

It also has a casual five fireplaces …

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… one of which is in the living room.

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Seven bedrooms are scattered throughout the house.

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As well as four half bathrooms and eight full ones, one of which sports a heavenly white tub.

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A recreation den on one of the mansion’s three floors is decked out for entertaining …

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… with a full bar to match. There’s also, of course, a wine cellar.

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MoviePass who? A tricked out movie theatre allows for an exceptional in-home cinematic experience.

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A large opening leading outside separates an indoor dining table and an outdoor seating area.

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On the premises is also a 1-bedroom guest house with a full kitchen and bathroom. A fireplace sits in close proximity to this crisp kitchen.

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A serene pool and lounge area rests in the backyard.

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Which is expansive, compared to other homes in the area’s real estate market.

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In addition to its bells and whistles, the home’s location is what makes it so ideal — it sits 20 minutes from Google’s and Facebook’s corporate headquarters.

Todd Clancey

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