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Demolition work has Woodside reviewing mansion's remodel

Original post made on Jul 1, 2014

Plans approved in mid-2013 for a significant remodel of a 7,750-square-foot mansion at 360 Mountain Home Road in Woodside are coming back to the town's Planning Commission for further examination on Wednesday, July 2.

Read the full story here Web Link posted Tuesday, July 1, 2014, 6:48 AM

Comments (6)

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Posted by whatever
a resident of Menlo Park: Central Menlo Park
on Jul 1, 2014 at 7:27 am

So who owns the property, who's the contractor and who's the architect?


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Posted by fwiw
a resident of Woodside: other
on Jul 1, 2014 at 8:59 am

Given that this property which was purchased for $117.5M is on 8 acres with a much lesser fraction of development than Larry Ellison's estate, I bet that the county wishes it could have a do over on Ellison's property tax appeal.

Essentially Ellison's attorney argued that Ellison's property was only worth a small fraction of what was put into it because nobody would ever be willing to pay to rebuild what he did. In other words, that only Larry was crazy enough to spend upwards of $200M to develop a residential property, so it would never sell at that price. So he succeeded in getting his assessment rolled back to about $70M. And yet here we have some other crazy billionaire who is not satisfied with his own $117.5M property....

A lot of people don't know that Ellison's $3M+ property tax refund was paid from every tax rate member in the county (ie, Menlo Fire District, Menlo Schools, Sequoia High Schools, Ravenswood Elementary, etc).


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Posted by Dave Boyce
Almanac staff writer
on Jul 1, 2014 at 9:27 am

Dave Boyce is a registered user.

The architect of record for this project is Van Acker Construction.


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Posted by whatever
a resident of Menlo Park: Central Menlo Park
on Jul 1, 2014 at 9:55 am

Owner is reportedly Japanese businessman Masayoshi Son the CEO of Softbank. He went to high school in SouthSF and college at UC Berkeley.


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Posted by Matt
a resident of Woodside: Woodside Glens
on Jul 1, 2014 at 2:10 pm

I don't have absolute knowledge but my understanding of the sale price
on Mt Home Rd. was mostly artworks--only a small percentage was the real estate.


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Posted by fwiw
a resident of Woodside: other
on Jul 1, 2014 at 5:58 pm

> Mt Home Rd. was mostly artworks--only a small percentage was the real estate

The owner paid the 2012 supplemental bill and the 2013 regular tax bill of $1,275,426.88 on the full $117.5M purchase price, so if it was artwork it was built into the structure.


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