The posh home in northern California where disgraced ex-Theranos executives Ramesh “Sunny” Balwani and Elizabeth Holmes maintained their clandestine love affair for a decade has been sold.
The house in the upscale Silicon Valley enclave of Atherton, Calif. was sold by Balwani this past January for $15.8 million — double what he paid to buy out Holmes’ part-ownership of the property four years prior, according to The Information.
The 6,800-square-foot home at 227 Park Lane is a one-acre property that boasts five bedrooms, seven bathrooms, a stone courtyard, swimming pool, French provincial architecture, a gated entrance, crystal chandeliers, manicured gardens and a one-bedroom guest house.
During her trial last fall, Holmes, who faces up to 80 years in prison after she was convicted of defrauding investors, testified that she and Balwani created a limited liability company to buy the home in July 2013. The couple paid $9 million for the home.
In 2018, Balwani bought out Holmes, who owned a 50% stake in the LLC, for $7.9 million. The transaction came under sharp scrutiny from prosecutors at Holmes’ trial, in which Holmes testified that she had received no proceeds from the sale, according to the report.
