Chuck Colby, founder of Colby Systems and one of Silicon Valley’s legendary inventor entrepreneurs, is putting his imposing all-redwood house in the Palo Alto hills on the market for $4 million.
Colby says it’s the largest all-redwood house in the world. He’s offering it as a “Life Estate” contract, which means the buyer will have to wait until Colby dies to move in.
“They can’t move in for 10 to 15 years, but where else can you make 10 to 20 percent on your money,” Colby said, referring Palo Alto hills real estate appreciation. “It has a really great return on your investment – even better than gold, silver or Apple stock.”
Colby built the 3,500-square-foot house in 1978. The exterior is redwood, all the ceilings are redwood, and 1,100 square feet of decking is all redwood, he said. The home is a chip shot away from the Palo Alto Hills Golf and Country Club.
In decades of inventing computer stuff in Silicon Valley, Colby built the first Mac laptops (the MacColby and the WalkMac), the first laptop with a heads-up display, and the first IBM PC clone that ran MS-DOS.