A San Francisco home belonging to the founder of one of the earliest venture capital firms in the city listed for $26 million last week.
George Sarlo, 86, co-founder of Walden Capital Management, which invested in technology start-ups starting in 1974, bought the 1920s home in 1993 for $2.2 million, according to property records. Proceeds of the sale will support grants made by the Sarlo Family Foundation, according to Sotheby’s International Realty, which is marketing the home.
The Sarlo Family Foundation, which was formally established in 2011 to continue Sarlo’s philanthropic efforts, focuses on initiatives that aid the well-being of the Bay Area’s youth.
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“My involvement with the foundation has provided meaning and comfort in my life, an opportunity to see my values in action and a chance to blend my life experiences and aspirations to benefit others,” Sarlo said in a statement.
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Located in the affluent neighborhood of Sea Cliff, the 7,890-square-foot home is perched on the edge of the Pacific Ocean, allowing rare wide-reaching views of the water—spanning from Lands End to the Marin Headlands, and the Golden Gate Bridge—to flood the home. A hub for tech wealth, Sea Cliff is also home to Twitter co-founder Jack Dorsey.
The three-level property combines features from Mediterranean and Spanish Revival styles, with arched doorways, vaulted ceilings and decorative details, according to the listing with Tania Toubba and Debi DeCello of Sotheby’s International Realty – San Francisco Brokerage.
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There are four bedrooms, four full bathrooms and two half-bathrooms. The primary suite is entered through the office, which has a wet bar, and has a balcony and ocean views.
Equipped with a kitchenette, the lower level includes two bedrooms and could serve as a guest quarters. There’s also a two-car garage and a media room on that level.
Renovations over the years have included remodeling the kitchen, which has an island, marble countertops and high-end appliances, and adding two Tesla Powerwalls, according to Sotheby’s.
Outside, off the main level, there’s a Mediterranean-style courtyard with a spa facing south, and on the north side of the home, there’s a deck overlooking the water.
