‘Cryptocurrency’ home once considered Los Altos’ most-expensive listing sells for $12.7M

Each week, Embarcadero Media takes a look at home sales activity along the Midpeninsula in the communities of Atherton, East Palo Alto, Los Altos, Los Altos Hills, Menlo Park, Mountain View, Palo Alto, Portola Valley and Woodside. Home sales are provided by California REsource, a real estate information company that obtains the information from counties’ recorder’s offices. Information is recorded from deeds after the close of escrow and published within four to eight weeks. Here’s a look at home sales activity between Feb. 5 – 23 that was made public the week of March 18.

This week, a 9,677-square-foot home in south Los Altos that was previously listed on the market for either cash or cryptocurrency sold for a $12.7 million. Known as the Mora House, the home reportedly once held the distinction of being the most expensive residential listing in Los Altos when it was first listed for sale in February 2022 with an asking price of $24.5 million. At the time, according to the Real Deal, prospective buyers had the option of paying for the home with cryptocurrency.