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Silicon Valley mansion sells for $100M, breaks US record

A billionaire paid $100 million for a Silicon Valley mansion. That's believed to be the highest price ever paid in the U.S.

March 31, 2011 12:00:00 AM PDT
There's word that a Russian billionaire has paid $100 million for a 25,000-square-foot mansion in Silicon Valley.

That's believed to be the highest price ever paid for a house in the U.S. 49-year-old Yuri Milner, who invested in Facebook and Groupon, has no immediate plans to move in.

The mansion purchased by Milner is a French-style chateau set on 18 acres in hills overlooking San Francisco Bay. The estate has a ballroom, wine cellar, gym, spa and pools inside and outside.

The Wall Street Journal says the sale price beats the previous high of $95 million in 2008 for an estate in Palm Beach, Florida.

The Associated Press contributed to this story