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Intel Co-Founder’s Silicon Valley Estate Lists for $21.8M
- darawk 8y agoAlways amusing what the WSJ's sense of proportion and aesthetics are (I know they're attributing the quote to his biographer, but still): > She called the French-style home “nice but not ostentatious,” > The property also contains a three-bedroom guesthouse, a grotto-style swimming pool, a lighted tennis court, a putting green, a bocce court, a barn and a vineyard.
- tsomctl 8y agoDon't see how that's a contradiction, assuming that they actually use those features. > Ostentatious: characterized by vulgar or pretentious display; designed to impress or attract notice If you want to see some ostentatious houses, check out the McMansion Hell blog.
- drb91 8y ago> Ostentatious: characterized by vulgar or pretentious display; designed to impress or attract notice Seems like a mansion to me.
- hmiedema 8y agoAnyone have a free link?
- NegativeLatency 8y agoClick "Web" up under the article title
- hmiedema 8y agoAh nice, didn't know that. Thanks!
- timmonsjg 8y agohttps://outline.com/ynkvrY https://outline.com/ynkvrY
- projectramo 8y agoBought for $5.5 million in 1999, and going for $21.8 million now. So about 7.5% per year in appreciation over 19 years. Really good rate of return but not the eye popping numbers you expect to hear from the heart of Silicon Valley.
- gargarplex 8y agoWell, remember that 1999 was dotcom bubble as well. So timing is a factor. I wonder if the mid range or the bottom of the market (ca. 1999) benefited from similar price appreciation - would check but code is done compiling, back to work!:).
- synaesthesisx 8y agoWould have been better off buying the S&P
- tristanj 8y agoNo, the SP&500 has a lower rate of return from 1999 to today. With dividend reinvestment it was 6.1%.
- vxNsr 8y agoAlso you can't live in the S&P500.
- dev_dull 8y agoIt’s hard grow tomatoes in the backyard of the S&P500.
- jiveturkey 8y agoThe S&P doesn't have expenses. A house does, on the order of 1% annually.
- gargarplex 8y agoNo, assuming 9/99 - 9/18. https://dqydj.com/sp-500-return-calculator/ https://dqydj.com/sp-500-return-calculator/ Annualized S&P 500 Return (Dividends Reinvested) 6.141% But I don't know what improvements were made to the house or what they cost... also didn't calculate the ongoing maintenance costs..
- drb91 8y agoI can't read the article. Why is this interesting?
- ericand 8y agoModerate to small, 3/4 bedroom, 2 bathroom houses sell for $4M or so in Los Altos and Los Altos Hills. I'm not sure how newsworthy it is that a co-founder of a major corporation has a home 5x the cost of normal homes in the neighborhood.
- jedc 8y agoLooks like it's just the land that stayed the same. The house is totally new: https://www.redfin.com/CA/Woodside/45-Roberta-Dr-94062/home/1980302 https://www.redfin.com/CA/Woodside/45-Roberta-Dr-94062/home/...
- tristanj 8y agoI think that's not the right property, as it's in Woodside not Los Altos Hills. Based on google maps and the picture in the WSJ article, the location of the property appears to be 690 Loyola Drive, Los Altos, CA. It seems to be multiple parcels (one for the vineyard and one for the house).
- neurotech1 8y agoArchive (Non-Paywall): http://archive.is/VNiUp http://archive.is/VNiUp
- analogkid 8y agoHere is the actual property: https://www.sothebysrealty.com/eng/sales/detail/180-l-1190-27n7ds/los-altos-golf-country-club-compound-los-altos-ca-94024 https://www.sothebysrealty.com/eng/sales/detail/180-l-1190-2... It backs up against I-280