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Uploaded: Thursday, December 8, 2011, 10:33 AM
Football legend sues over Atherton home sale
Jerry Rice sues after sale falls through
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Retired San Francisco 49er Jerry Rice and wife Jacqueline filed a lawsuit on Nov. 18 over the failed sale of their $13.9 million Atherton home.
The suit, filed in San Mateo County Superior Court, asks the judge to enforce a provision in the contract calling for binding arbitration with the company that backed out of the sale, Bayside Peninsula LLC.
Represented by the law firm of Casas, Riley & Simonian, the Rices want Bayside Peninsula to forfeit the $330,000 deposit put down when it offered to buy the home in May and also to foot the bill for attorney fees associated with the lawsuit, according to court documents.
A hearing on the request for binding arbitration is scheduled for Jan. 11.
The Rices built the 16,000-square-foot home in 2001. The listing description includes a slate roof, home theater, gym and sauna, elevator, at least four fireplaces, and accents of Swarovski crystal and Versace limestone.
The three-story home has seven bedrooms, 11 bathrooms, and, of course, a pool.
An article in Haute Living Magazine in March 2010 quoted Mr. Rice as saying: "Whoever buys this home is going to love it because it's like living in a personal paradise, without having to go too far away."
To see the listing for the home, with photos, click here.
— Barbara Wood Are you receiving Express, our free daily e-mail edition? See a sample and sign-up for Express.
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Posted by As usual, a resident of the Menlo Park: Felton Gables neighborhood, on Dec 8, 2011 at 7:48 pm ...the Almanac gets all the details scrambled, resulting in a story that makes absolutely no sense.
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Posted by Devon, a resident of the Menlo Park: Linfield Oaks neighborhood, on Dec 8, 2011 at 9:46 pm I guess this qualifies him as a one percenter.
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