The home’s interior spaces add up to more than 21,000 square feet, including a 4,000-square-foot guest house, according to a previous listing, which boasted that the pavilion has a driveway that can “showcase” more than 12 cars.
“Whoever bought this property got a steal, even in the current economy,” said realtor Deepee Chattha, who held the listing in 2020, when she worked for Rex, a real estate listing service and lender where McNealy served as an investor and board member.
Chattha, who now works at Intero, explained that pricing a unique property is challenging due to the lack of comparables.
“The property was anything but subtle, exuding a distinctly masculine ambiance,” she told The Standard. “The initial [$100 million] price tag was based on the economic dynamics at the time, considering the substantial investment in the house, its exceptional features and the spectacular views.”
Unlike more moderately priced homes in the Bay Area — which normally trade for over list price because of the competitive market — luxury homes prices can swing spectacularly depending on issues isolated to the uber wealthy.
“These homes are so special that it’s often hard for sellers and listing agents not to shoot for the moon,” said Patrick Carlisle, chief marketing analyst at Compass, whose agency was not involved in the sale. “After all, it only takes that one hoped-for billionaire to step forward.”