An Atherton estate previously owned by entrepreneur Stuart Moldaw has been sold for $13.85 million. Situated on a 1.6-acre lot, the single-family property spans approximately 9,000 square feet. The sale price amounts to around $1,539 per square foot.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $13,850,000
• Market: Atherton
• Lot Size: 1.6 acres

The buyer, Coghlan LLC, was represented by Lizi Tabet and Aimee Klarich from Compass. On the seller's side, Michael Dreyfus of Golden Gate Sotheby's International Realty acted as the listing agent. Notably, Stuart Moldaw, the previous owner of the estate, was an entrepreneur who co-founded off-price clothing chains Pic-a-Dilly and Ross Stores. He was also an early investor in Gymboree. The transaction took place in April 2023.

Note: The sale of this property serves as an important transaction in the luxury real estate market of Atherton.