"California may not have had the banner $210 million home sale it had in 2024 this year, but it was still an interesting year in real estate. Instead of one eye-popping, ultra-luxury sale, 2025 was more about the, er, regular luxury sales, bolstered largely by an impressive comeback for the Bay Area housing market, which most real estate professionals attribute to the artificial intelligence boom sweeping the area."
"Former Google CEO Eric Schmidt and wife Wendy purchased a 1990 mansion originally designed for TV producer Aaron Spelling. "The Manor," as the house is known, spans about 56,000 square feet - bigger than the current White House - and the philanthropist couple purchased it for $110 million, "primarily to host meetings and events for L.A. nonprofits and cultural institutions," Realtor.com reported."
"In the Bay Area, the most expensive sale of the year was one of its most historic properties. Green Gables, the 74-acre Woodside estate that has been on and off the market since 2021, sold for $85 million to an undisclosed buyer. The property has a slew of prominent architectural ties, including being designed by one of the firms that pioneered the Arts and Crafts movement, Greene and Greene, and famed landscape architect Thomas Church. It's centered around a massive Roman swimming pool."
California did not record a $210 million home sale in 2025, but luxury-market activity remained notable. The year favored regular luxury transactions and a Bay Area housing comeback attributed to the artificial intelligence boom. Los Angeles recorded the state's top sales, including a 56,000-square-foot Spelling mansion bought by Eric and Wendy Schmidt for $110 million to host nonprofit and cultural events, and a Mohamed Hadid Bel Air estate bought by James Packer for $110 million. In the Bay Area, the 74-acre Green Gables Woodside estate sold for $85 million, and a Portola Valley estate changed hands for $56 million.
Read at SFGATE
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