Updated Oct 2, 2026
George Arison And Dr. Robert Luo Sell Portola Valley Home For $8.5M With Hugh Cornish
160 Fawn Lane
$8,500,000
$2,303/SF
Building Size
3,690 SF
Asset Type
Single Family
Closing
Oct 1, 2026
About this deal
AI
A five-bedroom single family home located at 160 Fawn Lane in Portola Valley, CA has been sold for $8.5 million. The property spans 3,690 square feet and is positioned on a 1-acre lot, with a price per square foot of approximately $2,304. The sale occurred less than two weeks after listing, exceeding the asking price by more than $500,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,500,000
- Sale Date: 10/01/2026
- Seller: Dr. Robert Luo
- Seller's Representative: Hugh Cornish - Coldwell Banker
- Buyer's Representative: Glen Mitchell Group - KW Advisors
The transaction was executed through a trust associated with Grindr CEO George Arison. It reflects the demand for residential properties in the Portola Valley market.
On the Map
$8,500,000
$2,303/SF
Single Family
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Smyrna Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $8.5M for 3,690 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93