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Google Executive Buys Palo Alto Home For Record $30 Million

PALO ALTO (CBS SF) -- A landmark Palo Alto home has been purchased for a whopping $30 million by a Google executive.

The Palo Alto Daily Post reported the price tag is the most ever paid for a house in the city, home to some of the nation's most expensive real estate.

Google Chief Financial Officer Ruth Porat bought the home, which is an 83-year-old residence designed originally for Levi Strauss heir and philanthropist Lucie Stern, according to preservation group Palo Alto Stanford Heritage.

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The 4,721-square foot colonial-style house sold was sold in 1978 for about $1 million, but has sat vacant for decades, according the Daily Post.

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