News

Football legend sues over Atherton home sale

Jerry Rice sues after sale falls through

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

Comments

Like this comment
Posted by As usual
a resident of Menlo Park: Felton Gables
on Dec 8, 2011 at 7:48 pm

...the Almanac gets all the details scrambled, resulting in a story that makes absolutely no sense.


Like this comment
Posted by Devon
a resident of Menlo Park: Linfield Oaks
on Dec 8, 2011 at 9:46 pm

I guess this qualifies him as a one percenter.


Sorry, but further commenting on this topic has been closed.

I AM THE GOD OF HELL FIRE AND I BRING YOU
By Laura Stec | 29 comments | 1,739 views

Are We Really Up To This?
By Aldis Petriceks | 1 comment | 1,124 views

Nobu Palo Alto eyes next-door expansion
By Elena Kadvany | 0 comments | 1,027 views

Couples: Initiators and Implementors
By Chandrama Anderson | 0 comments | 788 views

Don't be a ghost
By Cheryl Bac | 0 comments | 521 views