The Silicon Beach behemoths – Google, Yahoo and Snap – along with many other hi-tech companies have set down their roots in Venice, Santa Monica and the newly revamped Playa Vista.
However, when it comes to finding a place for the high-flying tech wizards to live, they’re settling in Brentwood.
Snap founder Evan Spiegel and his wife Miranda Kerr spent $12 million on their Brentwood home last year, reports the Hollywood Reporter.
It appears that the tech giants are leaving their bungalows in Venice and their Santa Monica condos for the roomier and quieter digs in Brentwood.
“My prediction all along was that they would end up coming to Brentwood,” real estate agent Santiago Arana of the Agency told THR.“Most of these people have families, so they want bigger pieces of land,” he added.
“No one wants to be picketed at their house,” said Halton Pardee and Partner’s Tami Pardee, who said privacy is a top concern for the founders, who have become the targets of gentrification protests in Venice.
Tesla and Space X founder Elon Musk owns a house on Westridge Road that he purchased in 2014 for $3.7 million. Last year, Zillow founder Spencer Rascoff bought a Brentwood Park mansion for $20 million, and Riot Games founder Brandon Beck paid $21.5 million for his 15,600-square-foot mansion in 2015.
Snap chairman (and former Sony CEO) Michael Lynton has a home in Brentwood as does Yahoo executive Mickie Rosen, whose home is in Mandeville Canyon.
In the third quarter of 2017, the median home sale price in Brentwood was $3 million, up almost 14 percent from last year, according to Douglas Elliman. That figure is just below the median price in Santa Monica.
