"Hillsborough's Ultra High-End Eight-Figure Market reaches an exciting genesis point, establishing a new norm for luxury price points akin to its neighbor Atherton..."
November 2021 will go down as a highly influential month in Hillsborough real estate history. The ultra high-end market charted new territory with the #2 Hillsborough Sale of all time at 891 Crystal Springs Road, second only to the inflated Dot-Com Era sale of 835 Chiltern Road for $37,500,000 in Year 2000. The gothic 6-acre compound at 835 Chiltern would later sell for $26,000,000 in 2014. 891 Crystal Springs Road is a legend unto itself, being essentially in one family, the De Guignes, since its design in 1912, with the lands also tracing to the Parrott/De Guigne family since the 1870s. Fast forward to 2017, and Elon Musk became just the second owner as he purchased the 47 Acre holding for $23,364,000. Long known as the De Guigne Estate, the property was first marketed under Musk's ownership off the MLS for $37,500,000, and then later officially listed on the market at $31,990,000 in October 2021. The estate is now in contract and will close in 2021 as the highest sale of the year, and #2 highest sale in Hillsborough history. Sales price to follow in December 2021.
Other chart-toppers all going into contract in November 2021 include the modern spec home at 950 Macadamia (Skyfarm), the 2-Acre land potential at 325 Ascot (Lower South), and my own listing at 1802 Floribunda (Lower North, pictured), majestically sited on the golf course. Floribunda was a Gardner Dailey one-level masterpiece I listed for $12,800,000 and sold in one week with a strong all-cash offer.
Please see below breakdown on the 4 eight-figure sales in November 2021, including price per sq. ft. and Days on Market