Couple Hopes to Sell $4.7M Home For $29M in Facebook Stock

Silicon Valley enterpreneur Kenneth Raash and his wife bought the “Forrester Estate” in 1997, and the property was valued at $4.7 million in 2011. The couple now wants to trade the 10,0000-square-foot mansion in Los Gatos, California for $29 million in Facebook stock. Raash released a press release announcing the offer and created a website for the Forrester Estate (forresterestate.com).

Rassh claims he came up with his idea after hearing about a Facebook investor who paid $100 million for a mansion near the network’s offices. According to Raash’s press release, the 6 bedroom, 5.5 bathroom house “would make a newly minted Facebook millionaire proud.”

See Kim Peterson, A House For $29 Million in Facebook Stock?, MSN Money, Mar. 19, 2012.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.