In a Silicon Valley real estate market crazed by the impending Facebook public offering, this may be worth a second look.
A valley executive says he’ll swap his 11.5-acre estate in Los Gatos for about $29 million worth of pre-IPO Facebook shares.
The owner, Ken Raasch, says the offer is genuine, although he won’t turn down cash.
“We’re serious,” said Raasch, who has lived with his wife, Linda, and four children in the palatial home for the past 15 years.
Tucked away in a parklike setting in the Los Gatos hills, the 10,000-square-foot house was built in 1989 and purchased by the Raasches in 1997.
Please click here to continue reading the original article by Pete Carey at San Jose Mercury News.
Image Source: Alain Pinel Realtors