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.
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