In the late 1980s, grocery retail outlet founder Tom Raley purchased and put together 4 independent flats atop a secluded, 10-tale building in East Sacramento to generate an amazing luxury penthouse that is accessible for the to start with time at an asking value of $2.8 million.
Tom Raley spared no expense in designing the ornate household that evokes the sensation of a Manhattan or San Francisco penthouse. Occupying the overall major ground, the 6-bedroom, six-toilet residence spans 7,170 sq. ft and features views over the city’s tree cover, from the Sierra Nevada to the state Capitol.
As wonderful and classy as the household is — with inlaid wood floors, box beam ceilings, crystal chandeliers and sconces, gold-plated toilet fixtures and an artwork deco kitchen — a everyday observer may well miss the tall, gated developing in the coronary heart of Sacramento’s most attractive neighborhood. The residence, at 4100 Folsom Blvd., is just about hidden among the tall trees and is surrounded by one-family residences. It has lush, park-like grounds with walkways, benches and a significant pool.
The household has been in the family-owned Raley’s supermarket chain for 3 generations. Tom Raley, who died in 1991, opened his initially grocery store in 1935 in Placerville, in accordance to the company’s company fact sheet. His daughter, Joyce Raley Teel, took the helm soon after his dying.
Raley’s, which owns and operates far more than 129 grocery shops and employs far more than 11,500 individuals in Northern California and Nevada, is headquartered in West Sacramento. Tom Raley’s grandson Michael Teel, CEO and board chairman, became the company’s vast majority proprietor in 2015.
“This penthouse was a position for memories and traditions that our loved ones will cherish eternally,” the Teels reported in a assertion to The Sacramento Bee. “Now it is time to let other folks knowledge this unique property. “
An great customer may well be any individual who appreciates the splendor of the residence and enjoys privacy but would like to be near to purchasing, eating places, big entertainment venues and non-public airports, in accordance to listing agent Gayla Mace of Lyon Actual Estate Sierra Oaks.
“It’s a new chapter,” she mentioned. “And we seriously want someone who appreciates it, or even just appreciates the point that they are up 10 tales in the middle of one particular of the greatest neighborhoods in Sacramento. We need to have any person who likes privacy but likes to be shut to almost everything. It is definitely form of in the middle of everything. Any person who flies in and out of Sacramento and continue to would like to be a section of the main of Sacramento would enjoy dwelling below. … It is a concealed gem.”
The home characteristics an beautiful office/boardroom and support quarters with a prep kitchen for catering. There’s also parking space available for four automobiles.
The outsized penthouse is the key aspect of the luxurious apartment making. Smaller apartments have offered for concerning $700,000 and $850,000, based on their area and sights, Mace said.
“This legendary penthouse is for the discerning customer hunting for a distinctive way of life and option to very own a private residence in a gated, 10-tale constructing in East Sacramento,” in accordance to the home listing.
One more penthouse, an condominium atop the Kimpton Sawyer Lodge on J Street, is the most pricey condominium ever stated in Sacramento. That residence is on the market for $4.385 million.
This story was at first revealed July 30, 2022 5:00 AM.