Billionaire Paul Allen Buys Big in Atherton for $27 Million

Paul Allen is a one big player. He co-found 'Microsoft' with Bill Gates, owns the NFL team Seattle Seahawks and also owns a investment company, Vulcan Inc. that funded Madonna's 'Hard Candy' for one! He has always got the money flowing and therefore, decided to splurge on a large mansion in Atherton, California, for $27 million!

Apparently, Allen purchased the home through a 'family trust'. A source told the Business Journal that the palatial property was listed sometime in September for around $31.8 million, but was pulled off the market in November, after selling for $27 million. Looks like Allen grabbed a fair discount on the mansion!

According to the Real Estalker, this residence is nearly 'ten times' the size of an average American home. Sitting on a large 4.1 acre land, the residence is a 22,005 square feet single family home, comprising of six bedrooms and six full bathrooms. A Spa, gym and a theater are some of its special features.

Interiors are done up in contemporary style with open floor plans. Large rooms have high ceilings, floor-to-ceiling windows and mixed flooring.

The estate also has a separate guest house that contains two bedrooms, two bathrooms and a kitchen as well. A five car garage is exclusively provided for the guest house.

Large green lawns, open sitting areas and a huge infinity pool complete the exteriors.

The listing at Movoto Real Estate describes the residence as:

Stunning new estate property designed and built by Pacific Peninsula Group. Impressive 1.97 acre lot, Main house:6 BR, 6 full BA, 4 Pwdr Rooms, Spa, Theater and 7 fireplaces. The Guest House contains 2 BR, 2 full BA, full Kitchen. 5-car garage includes House Manager Suite. The 22,005sf estate is designed as a contemporary, light-filled villa. Dramatic grounds surround this magnificent estate.

Check out some beautiful photos of the home, here.

While Allen can definitely afford to buy a mega-mansion, he is also an ardent philanthropist. He is donating $2.4 million for brain injury and dementia research which will be a combined project by the University of Washington and Allen Institute for Brain Research.

"Awareness of TBI has grown in recent years, but our understanding of what actually happens to the brain in the years following that type of injury is still a great mystery. We are proud to support this important work," Susan M. Coliton, vice president of the foundation said in an announcement.

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