One of Facebook’s First Employees Spends $ 13.3 Million on Old School Pasadena Estate
While Ezra Callahan is not a household name, her resume is certainly impressive, dating back to the early days of Facebook – when Callahan was one of the first six employees hired to create what would become the biggest platform for social media worldwide, with over 2.8 billion active users and a trillion dollar market capitalization. The Stanford graduate left Facebook in 2012 with 0.08% of Facebook’s total shares – a stake that could be worth $ 800 million today – to co-found Arrive Hotels & Restaurants, which was acquired earlier this year by the boutique hotelier PaliSociety. And so he easily has enough change to acquire this extravagant Mediterranean-style estate in Pasadena, where he has long resided.
Records reveal that Callahan and his wife Marisa, also a former Facebook employee, bought their new five-bedroom, six-bathroom home for $ 13.3 million – a huge discount, considering the asking price was at originally $ 15.4 million in March before being reduced to $ 13.7 million. in July. Originally designed by architect Kirtland Cutter, the property was built in 1929 for Walden Shaw, a Chicago car dealership who was involved in the launch of the Yellow Cab Co. Also manned over the years by the man of business and philanthropist Henry Braun and Dodgers pitcher / analyst Orel Hershiser. The most recent owner was J. Terrence (Terry) Lanni, the former President and CEO of MGM Mirage and a prominent thoroughbred horse owner, who died in 2011 at the age of 68.
Tucked away safely behind gates, on a 1.7 acre plot overlooking the beautiful grounds of the Huntington Library, the traditional two-story residence has been well maintained but could withstand a historically sensitive update. Bordered by a large brick parking lot and a four-car garage equipped with a workshop, the estate offers a picturesque view of the mountains. The primary residence includes over 9,000 square feet of ornate living space, with additional structures including a guesthouse with its own two-car garage, caretaker’s apartment, and poolhouse.
The list was owned by Maureen Hollingsworth of Sotheby’s International Realty, with buyers replaced by Carol Chua of Coldwell Banker Realty.
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