LOS ALTOS HILLS — A big home in Los Altos Hills has been bought for nearly $10 million in a deal whose buyer and seller are tech executives and their spouses.
A top executive with Texas-based Oracle, which in 2021 uprooted its Bay Area headquarters and transplanted the head offices to another state, sold the mansion to an executive with Quantumscape, a green energy company that’s expanding in its home territory of Silicon Valley, according to public documents.
The Los Altos Hills residence was bought this week for $9.75 million, according to documents on file with the Santa Clara County Recorder’s Office.
Safra Catz and her husband Gal Tiroshi, acting through a family trust, sold the residential complex, the property records show. Catz is the chief executive officer of Oracle, a tech behemoth that previously was based in Redwood City for decades until it departed California for Texas last year.
A top executive with Quantumscape and his wife, who acted through a trust, were the buyers of the property.
San Jose-based Quantumscape makes advanced batteries for electric vehicles.
The transaction reflects the contrasting directions in the Bay Area of the companies where the buyer and seller work.
Oracle has been shrinking its footprint in the Bay Area by moving its headquarters, selling big office buildings in Redwood City and downtown San Jose, and putting big chunks of office space up for sublease.
Quantumscape has leased a huge building in north San Jose in a major expansion of its manufacturing operations and maintains its headquarters in Silicon Valley.
The Los Altos Hills transaction was arranged by agents Kathy Bridgman, Susan Sims and Tamara Pulsts with Compass, a real estate brokerage.
The just-bought residence totals 6,158 square feet and features six bedrooms, five baths, two half baths, a tennis court and a swimming pool, according to the Compass listing.
The residence was purchased in an all-cash transaction, the county records show.
“A theater, customized wine cellar, dedicated office, and 6 bedrooms, one currently outfitted for a fitness center, and 5.5 baths are highlights of the home,” the listing states.
The home is tucked away in a neighborhood that commands panoramic views of the Bay Area.
“The rear yard is a dream for entertaining and fitness alike with a large pool, full tennis court, separate spa, and built-in barbecue,” according to the Compass listing.
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