Joe Lacob, the billionaire owner of the NBA team’s Golden State Warriors, sold the Atherton a few months after buying a home in nearby Woodside Two properties in an affluent enclave.
Property records show the properties, located in the adjacent lot at 234 and 238 Atherton Avenue, changed hands in two separate transactions. The package has a purchase price of $41 million based on transfer tax calculations associated with the transaction. The deal closed on May 26, according to San Mateo County assessor records.
The more expensive property in the portfolio is a six-bedroom, 6.5-bath home at 234 Atherton. It changed hands for $21 million. The buyers were Lip-Bu Tan, an Intel board member and executive chairman of computing software company Cadence Design Systems, and his wife, Ysa Loo.
Lacob bought the home in 2007 from developer Rafi Bombad. This isn’t the only time Lacob and Bombad have been on opposing sides in a real estate deal. Bombad is the seller of a newly built Woodside home that Lacob bought for $40 million in February.
Another property, at 238 Atherton, is a four-bedroom “ranch-style” home, according to a previous Compass listing. The property sold for $20 million. The buyer is A&E Venture Partners.
Lacob built his fortune as a partner at Silicon Valley venture capital firm Kleiner Perkins. In 2010, he and partner Peter Gruber bought the Warriors for $450 million. He was previously a minority owner of the Boston Celtics. The Warriors have won four championships under Lacob, most recently in 2022. According to Forbes, the value of his 25 percent stake in the team has grown nearly 10-fold to the latest estimate of $1.4 billion.
