Scott McNealy, the former CEO of Sun Microsystems who sold the legendary Silicon Valley Company in 2010 to Oracle, has now sold his custom-built home in Portola Valley, CA for a price tag of $4,275,000.
The price is considerably less than the $5.5 million he was asking a year ago. The successful sale of Portola Valley Home of the former Sun CEO appeared first on Real Estate News and Advice - realtor.com revealed. The construction cost of the house in 2006 "greatly exceeds the price.'' The lucky buyer enjoyed a bargain price on this luxury estate.
Realtor said the four-bedroom house that sat in a 7,280-square-foot space has a beautiful foyer, a nice kitchen, and a cozy family room with exposed wood beams and French doors. The outside portion of the house has a patio, kitchen, and a fireplace which provide a relaxing atmosphere for alfresco dining and entertainment.
McNealy left Portola Valley, CA for his new role as CEO of the Denver-based startup Wayin.
Scott McNealy purchased his Portola Valley house in 2006 for a whopping amount of $6,687,000. When he moved to this new home, the co-founder of Sun Microsystems and former CEO has been trying to sell the 7,280 square foot Portola Valley home at 6 Blue Oaks Court since 2010 which he listed for $5,200,000.
According to Socket Site, the property was listed anew for $5, 6000 in 2013. However, the asking price for the four-bedroom home on 2.7 acres of land was reduced to $4,950,000 in October 2014 until it was withdrawn from the market without finding any prospect till the end of last year. The property was re-listed again for $5,495,000 last week. This week, the property was re-listed for $5,495,000.
At last, the legendary Sun CEO finally sold his Portola Valley home for a price tag of $4,275,000, very much lower from the amount he invested for the property in 2006.