News | advice | area guide

Ousted Seagate CEO Stephen Luczo Lists Atherton Estate for .5M

Tech executive Stephen J. Luczo has listed his Atherton, CA, mansion for $17.5 million. Having recently stepped down as CEO of Seagate Technology, where he is now executive chairman, he’s also stepping away from his tony estate on the peninsula.

The home was purchased for $15 million in 2014,  showing the real estate panache of one of the “best-performing CEOs.”

The three-level residence, built in 2007, combines modern polish with neutral and mahogany tones, brightened by natural light in the 11,491-square-foot space, according to the listing. There are five en suite bedrooms, a living room with floor-to-ceiling windows and doors that look out to the lush grounds, a formal dining room, and a kitchen with center island, bar seating, and dining nook.

The lower level offers a wine cellar, theater room, media center, fitness room, and rec room with a bar.

Outside you’ll find a limestone terrace, luxe pool and spa, pool house with a full bath, a barbecue, and a fireplace. A two-car garage is also included.

After a few rough quarters for the data storage company, Luczo relinquished his role as Seagate CEO in October 2017. He had previously served as Seagate CEO from 1998 to 2004. In 2009, the executive was asked to return to help the company turn around, and Seagate became one of the S&P’s top performing companies until a downturn in the past couple of years.

Mary and Brent Gullixson of Alain Pinel Realtors hold the listing.

The post Ousted Seagate CEO Stephen Luczo Lists Atherton Estate for $17.5M appeared first on Real Estate News & Insights | realtor.com®.

Source: Real Estate News and Advice – realtor.com » Real Estate News