A summer home in Atherton, California acquired by Donald and Doris Fisher six years after they opened The Gap clothing chain is selling for $100, 000, 000.
The Wall Street Journal said the property was purchased by the Gap family for $211, 000 in 1975.
It is set to become the most costly home in Atherton if it is sold. Atherton is known to be the most expensive ZIP code nationwide: 94027.
Covering 8 acres, the property sits on three addresses, officially being one of the top ten largest estates in Atherton. The main home’s address is at 170 Atherton Avenue; the secondary home at 178 Atherton Avenue; and the gardens at 154 Atherton Avenue.
“This listing is the largest real estate offering since 2011 when a 12-acre property on Atherton Avenue sold,” Compass agent Mary Gullixson exclaimed.
“Properties like these are generational opportunities to own in the most desirable location of the Bay Area. The Atherton Estate was created over decades by the owner.”
Four acres of the property hosts the main home where five bedrooms and four bathrooms are located. Also included in the amenities here are the tennis court and a pool.
Another two acres hold the secondary home which has a separate single bedroom and one-bath guest house.
The grounds around the property have been revamped over about 50 years. It is now an internationally-acclaimed sculpture garden adorned with the well-known sculpture collection of the Fisher family, KRON4 reported.
Apart from being the famous influencers in San Francisco for their impact in the retail industry, the family is also recognized for their contribution and kind philanthropic support for the arts and education.