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Entries in Los Altos Hills (1)

Thursday
Mar312011

California Home Sells for a Record $100 Million

Stockbyte/Thinkstock(LOS ALTOS HILLS, Calif.) -- Russian investor Yuri Milner is now the proud owner of a 25,500-square foot palatial mansion in Los Altos Hills, California that went for a whopping $100 million -- the most ever paid for a home in the U.S.

But Milner can surely afford it.  He runs international investment firm Digital Sky Technologies and his investments include Facebook Inc., Groupon Inc. and Zynga Inc.

The home was sold by Fred and Annie Chan.  Fred Chan started ESS Technology, which designs and markets audio and video products for consumer markets.

Reports are that Milner is in no rush to move into the 18th-century French chateau-style home, which features a ballroom, home theater, wine cellar and indoor pool.

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