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Your Silicon Valley Mansion Is Priced to Sell



NEW YORK ( TheStreet) -- With 20 rooms filled with historic materials and artifacts from San Francisco mansions and European palaces, as well as a pool, guest house and six-car garage, Villa Lauriston isn't exactly a fixer-upper.

But it is priced to sell.

"The owner wants it sold by the end of the month," says Guy Masters, the property's independent auction consultant. "And that's what we're going to do."

So if a move to Silicon Valley is in your future -- or you've got millions to spare on a second house -- this may be your lucky day.

Commissioned in the 1920s for Herbert Edwards Law, the original owner of the Fairmont Hotel, Villa Lauriston is one of Silicon Valley's original estates. The home is 16,000 square feet and includes such architectural details as exotic wood floors and marble and stone fireplaces, Masters says.

If its 28 acres doesn't make you feel secluded enough, the property is also surrounded by 1,000 acres of dedicated open space.

Still not quite sold? Some of the property's other features include a tennis court, a conservatory/sunken garden and a two-acre, 600-vine vineyard.

And then there's the driveway. Not typically a selling point for most properties. But then not all homes have a 2.5-mile long driveway that passes through a 100-year-old redwood forest.

"This is quite the opportunity for someone. You don't see a property like this very often," Masters says. "It's a combination of rich in history and equally rich in appearance."

Villa Lauriston was appraised at $22 million in 2007. But listing agent Olivia Hsu Decker, co-owner of Decker Bullock Sotheby's International Realty, says it would cost $40 million to build the home today. Its current listing price is $15.9 million and bidding will start at $8.9 million. The auction begins at 1 p.m. April 21.

"This is an once-in-a-lifetime opportunity to buy an unique estate that can be passed on to your family for many generations," Hsu Decker says.

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