Serial entrepreneur and investor Stuart Moldaw’s Atherton estate recently sold for $13.85 million, or about $1,500 per square foot, according to property records.
Moldaw, who founded off-price clothing chains Pic-a-Dilly and Ross Stores and was a founding investor in children’s clothing chain Gymboree, died in 2008. His wife Phyllis followed in 2012, but their two daughters kept the 4-acre property until this year.
Michael Dreyfus of Golden Gate Sotheby’s International Realty represented the sellers at 80 Coghlan Lane but said he could not comment on the sale.
The buyer is Coghlan LLC, which lists San Francisco-based real estate and wealth management attorney Kenneth Raymond Hillier as its agent, state filings show. Lizi Tabet and Aimee Klarich of Compass represented the buyer and did not respond to a request for comment.
The almost 9,000 square foot home has five bedrooms, six bathrooms, a pool and a tennis court. It was released on March 13 for $14.5 million and was signed on April 5. The 1980-built home on a cul-de-sac was sold a week later, strongly suggesting a cash purchase.
The home is the eleventh sale to pass the $10 million mark in the country’s richest ZIP code so far this year, which had several high-end sales in January and February after slowing along with the rest of the luxury market in the latter half 2022.
Agents have suggested the recent uptick in luxury activity across the peninsula is due to several factors, including an ongoing lack of inventory, increased international interest and more realistic price expectations from sellers.
Continue reading
