Atherton has claimed the distinction of being the town with the most expensive homes in the United States. Its esteemed 94027 zip code attracts the most elite, high-end home buyers the likes of Google, Facebook and Hewlett Packard execs who aren’t deterred by home prices that have seen 20 to 40% increases year upon year. Last summer, Atherton’s most expensive residence was $25 million but a Euro-inspired spec home is currently on the market sporting a whopping $36.8 million price tag.
This stunning 16,6000 square foot home occupies 2-acres and includes a main house with seven bedrooms, a guesthouse and a pool house set beside a 50 foot pool. The six intimate piazzas surrounding the main house harken from its Northern European influence and accentuate the vibrant, indoor-outdoor living space. Sunken gardens, fire pits, limestone terraces and waterfalls are but a few of the features in the home’s courtyards.
In addition to the ‘basics’ such as bedrooms, baths, kitchen, dining and Great Rooms, the house includes a yoga studio, game room, home theatre with an impressive 160 inch screen, fitness center, massage room and limestone wine cellar that can hold 3,000 bottles of one’s favorite vintages. The well-appointed materials and features of the house include a standing seam metal roof, oversized glass doors that open to create and indoor-outdoor flow and cathedral ceilings.
Originally known as Fair Oaks back in 1866, Atherton was a main stop along the Southern Pacific Railroad route from San Francisco to San Jose. In 1923, Menlo Park wanted to incorporate its lands to include Fair Oaks. Inhabitants strongly affirmed their desire to remain a purely residential town and incorporated as Atherton in honor of Faxon Dean Atherton, one of the first property owners in the southern peninsula.
Covering 6 square miles and including 50 miles of roads, 2,500 households and thousands of native oak, bay, redwood, pine and other trees, Atherton to this day retains the residential philosophy with which it was incorporated in September 1923.
The town has always attracted those looking for a secluded place to live and build impressive manors and mansions and home prices in Atherton have increased quite a bit over the years. Currently the median price for a house is $4.5 million, an upturn of 24% from one year ago, in keeping with its longstanding price increases.
With Silicon Valley being the real estate hot spot, odds are this stunning spec home will indeed fetch a very hefty price tag.