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Welcome to TheMReport.com—News and strategies for the evolving mortgage marketplace. Tue May 21, 2013
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CEO of Cisco Lists Silicon Valley Estate for $14.8M

The CEO of Cisco Systems has listed his luxurious Silicon Valley estate. John Chambers, who also serves as Cisco’s chairman, is selling his six-acre Los Altos Hills property for $14.8 million. Built in the 90s, the 8,280-square-foot home includes the usual high-end amenities like a swimming pool, jacuzzi, and tennis court.

However, Curbed.com calls Chambers’ house “ho-hum,” noting that the lackluster finishes and “sad” furnishings are in need of a major update. A quick look at the available images of the technology guru’s home confirms Curbed’s assertions, but the property’s acreage provides a stunning backdrop that should minimize the home’s aesthetic shortcomings. Not to mention that those looking to make a statement with their real estate will gain an address in one of the most expensive zip codes in the U.S., according to Forbes.


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