267 Camino Al Lago, a brand new mansion designed and built by the Pacific Peninsula Group in Atherton, the US's 3rd-most-expensive zip code, hit the market yesterday to the tune of $31.8 million. The property has 8 bedrooms and 11 bathrooms spread over 22,005 square feet, plus amenities like a two-story living room, 7 fireplaces, a rec room with wet bar, a theater, a spa with sauna, a 2-bedroom, 2-bath guest house, a fire pit, a glistening swimming pool, and a 5-car garage complete with house manager's suite. The lot is almost 2 acres. Despite the staggering price tag, the house breaks down to about $1,445/square foot, only marginally higher than the $1,381/square foot average for the area. Atherton, after all, only ranks below the Upper East Side of Manhattan and Alpine, NJ in average housing prices.
· 267 Camino Al Lago [Redfin]
· America's Wealthiest Zip Codes [Forbes]