Talk About Over-Spending On A Mega-Mansion

Whopping: At $100m, this huge mansion was the most expensive ever bought in Silicon Valley - and even at its new value of 50m it remains the most expensive mansion sold

Bad Investment Then? Billionaire Russian Tycoons' Silicon Valley Mansion Is Worth HALF Of Its $100M Purchase Price -- Daily Mail

* Russian tech investor Yuri Milner purchased Silicon Valley mansion for $100million in 2009
* French chateau-style home boasts 14 bathrooms and a ballroom

A Silicon Valley home purchased by a wealthy Russian for $100million has now been valued at exactly half of what Yuri Milner paid.

Mr Milner purchased the sprawling French chateau-style mansion last March as a pied-a-terre for times when he was away from his first home in Moscow.

However, a recent valuation of the Los Altos Hills property by the Santa Clara County Assessor's Office found is was worth $50million less than what he paid.

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My Comment: The funny thing is ..... Yuri Milner probably does not care that he paid more than what he should have for this mansion.

$21 Million Silicon Valley Mansion Hits The Auction Block

Concierge Auctions

A $21 Million Silicon Valley Mansion Hits The Auction Block -- Business Insider

A mansion in Silicon Valley known as "Le Soleil" is hitting the auction block June 14.

The house was originally listed at $21 million, but the starting bid will be $7.9 million and a buyer could scoop up the home prior to the auction for $12.95 million.

The house sits on five acres of land, and features seven bedrooms, seven full bathrooms, and two half bathrooms

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My Comment: Impressive house .... but $21 million in a depressed market .... no way.

A $100 Million Dollar Home In Silicon Valley

The $100 million sale of a Los Altos Hills, Calif., home shows how some luxury properties are insulated from the U.S. housing slump. Google Earth

Home Brings $100 Million -- Wall Street Journal

A Russian billionaire investor paid $100 million for a French chateau-style mansion in Silicon Valley, marking the highest known price paid for a single-family home in the U.S.

The purchase of the 25,500-square-foot home in Los Altos Hills, Calif., underscores the strength of some luxury properties in an otherwise depressed housing market.

The buyer, Yuri Milner, 49, who heads Digital Sky Technologies and whose investments include Facebook Inc., Groupon Inc. and Zynga Inc., had no immediate plans to move into the home, said a spokesman.

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My Comment: Money was not an object to this purchase.