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Each week, Embarcadero Media takes a look at home sales activity along the Midpeninsula in the communities of Atherton, East Palo Alto, Los Altos, Los Altos Hills, Menlo Park, Mountain View, Palo Alto, Portola Valley and Woodside. Home sales are provided by California Resource, a real estate information company that obtains the information from counties’ recorder’s offices. Information is recorded from deeds after the close of escrow and published within four to eight weeks. Here’s a look at home sales activity between Sept. 16 – Oct. 10 that was made public the week of Oct. 27.
Of particular interest this week … An 8,036-square-foot home in the Old Palo Alto neighborhood sold for a whopping $40 million in a reported all-cash deal on Oct. 6. According to county records, P. & M. Rantz sold the residence to Golden Coast Holdings Trust. Built in 2011, the five-bedroom residence was the headquarters for the Michael and Paula Rantz Foundation, according to the San Jose Mercury News, which first reported the transaction.
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