28 Jan '13, 6am

#US: 2nd most expensive home sold...

A northern Californian estate could be the second most expensive property sold in the US. Public records revealed that its previous owner, financier Tully Friedman, sold the US$117.5 million (S$145.22 million) property on 27 November 2012, according to media reports. Designed by architect Allan Greenberg, the four-bedroom property (pictured ) was built in 2005 on a nine acre site and offers a 360-degree view of the Woodside Mountains. The sale surpasses the US$100 million (S$123.6 million) selling price of a nearby estate bought by Russian entrepreneur and venture capitalist Yuri Milner in 2011. To date, a ranch in Montana is likely the most expensive property sold in the US. Listed for US$132 million (S$163.1 million), it was sold last year for an undisclosed sum to billionaire Stanley Kroenke, owner of the NHL’s Colorado Avalanche, NBA’s Denver Nuggets and NFL’s St. Loui...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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