Gregory Biagini Of Reksio LLC Purchases Atherton Estate From Stephen And Agatha Luczo For $51.5M

The property involved in this transaction is a single-family home located at 81 Somerset Lane in Atherton. This estate spans 21,500 square feet and occupies a 2-acre lot. It was sold for $51,500,000, reflecting a price per square foot of $2,395.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $51,500,000
• Buyer: Gregory Biagini - Reksio LLC
• Seller: Stephen Luczo & Agatha Relota Luczo
• Brokers: Brent Gullixson & Mary Gullixson - Compass
• Date of Sale: 03/19/2025
• Market: Atherton
• Acres: 2

Stephen Luczo, the former CEO of Seagate, conducted this off-market sale of his estate, which represents one of the Bay Area's largest residential sales and is among the most expensive in the Peninsula's history. The property was built in 2017 and is located near the Menlo Circus Club, with the buyer being an LLC managed by CPA Gregory Biagini.