Facebook will create up to 1,000 new millionaires come Friday.
For those elite few desperately looking for ways to spend their new fortune, may we suggest buying a home built with old money.
A rare 12,951-square-foot French chateau in Woodside is set to hit the auction block on June 14.
The property is in fact so rare that some of those grown-up IPO babies living in Woodside have used a slice of their fortune to help pass ordinances that will not allow a home so large from being built in their backyard ever again. And yes, their backyards are that big.
The new Facebook millionaires can purchase the property before it goes to auction for $12.95 million.
The buyer will also be fulfilling the tech stereotype by buying into a city already so famous with Silicon Valley elite.
Think Larry Ellison, John Thompson, Thomas Siebal and Scott Cook. And to add to the cool factor, let's throw in the fact that Neil Young and Michelle Pfeiffer and her husband David Kelley call Woodside home.
Plus the house is only an 8.9 mile drive to Facebook's new Menlo Park headquarters. The drive takes about 20 minute in traffic, according at least to the last tech IPO to cause such a stir -- Google.
"Rich in history, this masterpiece was built in the 1920s and is so magnificent and grand that if you wanted to build a house this size today, you wouldn’t be able to because of today’s Woodside regulations," real estate agent Mary Gullixson said, who listed the property.
The home is built on five acres and it has five wings with an 11,000-square-foot main home.
The mansion has seven bedrooms, seven full- and two-half bathrooms, garden and morning rooms, a ballroom with fireplace, a banquet-sized dining room, a wine cellar with tasting bar, a billiards room and a library. Outdoors, there are two gated entrances, vast lawns, parterre gardens, a croquet lawn, vineyards and terraces, a pool, a spa, a gated tennis court and garage space for nine cars.
The starting bid is $7.9 million -- or just pennies for the CEO of a $100 billion company.