This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs