A Silicon Valley Banker Just Sold His Enormous Mansion With A Secret Bar For $25 Million
The sale price was a whopping $25 million, realtor Arthur Sharif, who represented Porter in the sale, confirmed with Business Insider exclusively.
"It's a historic home," Sharif told us. "It was never a question of whether we would get the price we wanted - it was about finding the right person. We wanted someone who would appreciate the architecture."
Porter originally listed the property for $45 million in 2008, then later chopped the price down to $36 million before listing it at $27 million.
Sharif added that they had received multiple offers on the home, including one from a couple who worked at Facebook and another from someone who had also wanted to buy the neighbor's property.
Known by some as the "Morgan Estate," the 30,000-square-foot house received landmark status when it was completed by former Stanford University trustee Percy Morgan in 1914. It has seven bedrooms and seven bathrooms, and decadent gold-leafed ceilings and marble statues can be found throughout the property.
There's even a speakeasy hidden behind a false shelf in the library.