It is the latest sign of a housing boom across Silicon Valley being driven by AI wealth. Last month, an analysis found that more than 140 San Francisco homes have sold at least $1m above their asking price in the first six months of this year. The exterior of the property. roperty, known as “Villa de Verano”, was initially listed at $88m, and sat on the market for only four months and 22 days.
Besides a six-bed, 12,400 sq ft home that is complete with its own gym, theater, spa and aquarium, the 12-acre property also features a pool, a rose garden, an amphitheater, a guest property and a sporting area fitted with seven courts and a putting green. Its opulence stands out even among other palatial Hillsborough homes, which include Bing Crosby’s $25m home, Elon Musk’s $32m former home and the Levi Strauss-connected $17.8m Koshland Estate.Yet Gilson says this sale is only a “stepping stone” into a market of homes catering to the incredibly wealthy.“Even in the last year, there’s been a major increase of buyers from the AI world,” she said. An analysis by brokerage Compass described a “housing market increasingly segmented by income tier and proximity to AI-driven employment centers”.Gilson said she has seen an influx of wealth among buyers coming not just from AI companies, but increasingly from other, traditional industries.
She described a “definite increase” in those ultra-rich buyers taking off-market, “hidden” opportunities, meaning Gilson connects buyers to sellers without homes ever being listed.In San Mateo county, where the sale took place, the median price of a single-family home increased by 8.5% between May 2025 and May 2026. San Francisco county saw a more than one-fifth increase, with median prices jumping from $1.8m to $2.2m.Explore more on these topicsSan FranciscoReal estateThe super-richAI (artificial intelligence)Silicon ValleyCaliforniaWest CoastnewsShareReuse this content
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