Overbid trend hits Silicon Valley’s mansion market

Written by Matthew Anello

SF resi sees oddities, real estate adds to Becerra’s coffers, and more Bay Area news from this week

TCV's John Drew, 10271 West Loyola Drive in Los Altos Hills and Cindy Bogard-O'Gorman and Judy Bogard-Tanigami of The Agency (TCV, Matthew Anello/Blu Skye Media, The Agency)

By Kennedy Zak

Los Altos Hills strikes again.

The mansion at 10271 West Loyola Drive in Los Altos Hills sold on Wednesday for $17.2 million, or $2,590 per square foot, after less than a month on the market. The 6,645-square-foot home, which listed for just shy of $15 million, sits on a 2.3-acre lot in the wealthy Silicon Valley town.

Matthew Anello

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New wave of buyers heads to Peninsula — some paying $10M just for ‘dirt’