Almanac

News - December 14, 2011

Jerry Rice sues over Atherton home sale

by Barbara Wood

Retired San Francisco 49er Jerry Rice and wife Jacqueline filed a lawsuit Nov. 18 over the failed sale of their $13.9 million Atherton home.

The suit, filed in San Mateo County Superior Court, asks the judge to enforce a provision in the contract calling for binding arbitration with the company that backed out of the sale, Bayside Peninsula LLC.

Represented by the law firm of Casas, Riley & Simonian, the Rices want Bayside Peninsula to forfeit the $330,000 deposit put down when it offered to buy the home in May and also to foot the bill for attorney fees associated with the lawsuit, according to court documents.

A hearing on the request for binding arbitration is scheduled for Jan. 11.

The Rices built the 16,000-square-foot home in 2001. The listing description includes a slate roof, home theater, gym and sauna, elevator, at least four fireplaces, and accents of Swarovski crystal and Versace limestone.

The three-story home has seven bedrooms, 11 bathrooms, and, of course, a pool.

An article in Haute Living Magazine in March 2010 quoted Mr. Rice as saying: "Whoever buys this home is going to love it because it's like living in a personal paradise, without having to go too far away."

Visit tinyurl.com/Rice-143 to see the listing for the home, with photos.

Comments

Posted by Jerry A, a resident of Menlo Park: Menlo Oaks
on Dec 15, 2011 at 9:43 am

hey Jerry .... if it is, as you say, your own personal paradise, then why did you put it up for sale ? What can possibly be better than "paradise' !


Posted by Hey Menlo Oaks Neighbor, a resident of Menlo Park: Menlo Oaks
on Dec 18, 2011 at 10:42 am

Why don't you go look at it and decide yourself?!

Or, better yet . . buy the place!


Posted by Where's Jerry Movin?, a resident of Menlo Park: Menlo Oaks
on Dec 18, 2011 at 10:45 am

Anyone know where Jerry Rice is moving to next?



Posted by I know, a resident of Menlo Park: Park Forest
on Dec 18, 2011 at 12:28 pm

Jerry already has a pied a terre on Stone Pine in Menlo Park


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