Updated Jun 17, 2025
Bing Crosby Estate Sold For $25M In Hillsborough With Brokers Pierre And Alex Buljan
1200 Jackling Drive
$25,000,000
$1,785/SF
Building Size
14,000 SF
Asset Type
Single Family
Closing
Jun 16, 2025
About this deal
AI
The property is a Single Family asset located at 1200 Jackling Drive in the Hillsborough market. It encompasses 14,000 square feet of living space and sits on 5.38 acres. The sale price of the property was $25,000,000, which translates to a price per square foot of $1,786. This estate is noted for its French Chateau style and was previously owned by the Crosby family since the 1960s.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $25,000,000
- Address: 1200 Jackling Drive
- Market: Hillsborough
- Asset Size: 14,000 SF
- Price Per Square Foot: $1,786
- Acres: 5.38
- Brokers: Pierre Buljan & Alex Buljan - Compass
The transaction was completed with a local buyer acquiring the property after less than four months on the market. This sale is recorded as one of the top five priciest home sales in the Hillsborough enclave, having sold for $15 million below the asking price.
Players
Hillsborough Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $25M for 14,000 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93