James McClain Eric Schmidt, the veteran tech executive primarily known as Google’s longest-serving CEO, is the previously unidentified buyer who paid a whopping $30.8 million for the so-called Villa Solana, a palatial historic estate in the foothills of Santa Barbara, the Wall Street Journal reported.
The transaction closed earlier this summer, but it’s only now that Schmidt — a longtime fan of the Santa Barbara/Montecito area — has been revealed as the massive compound’s new owner.While a huge number, the sale price is not quite record-breaking for the county.
But it’s worth noting that the small handful of more expensive area estates are all located in the unincorporated Montecito area. (While it’s frequently grouped in as part of.
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