Single-Family Home Sells For Record Price
RENEE MONTAGNE, host:
Let's move now to a $100 million home in California. For our last word in business: new heights.
In Los Altos Hills, California, a 25,000 square foot French-style chateau just traded hands for $100 million. According to The Wall Street Journal, it's the highest known price ever paid for a single family home in the U.S.
LINDA WERTHEIMER, host:
The mansion has the usual features: indoor and outdoor pool, tennis court, ballroom, wine cellar, that sort of thing. The happy homeowner is a Russian technology investor named Yuri Milner. This 49-year-old billionaire runs Digital Sky Technologies. The company has big stakes in hot Internet companies like Facebook, Groupon and Zynga.
The San Francisco Chronicle has a positive take on the sale. It should bring in more property taxes.
And that is the business news on MORNING EDITION from NPR News. I'm Linda Wertheimer.
MONTAGNE: And I'm Renee Montagne.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.