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SAN FRANCISCO — The U.S. housing market may be struggling to regain its footing, but the $100 million sale of a single-family home in the heart of Silicon Valley shows that luxury properties are still in demand.
Russian billionaire Yuri Milner — a big investor in Facebook, daily-deal website Groupon and Farmville gamemaker Zynga — bought the lavish, 25,500-square-foot mansion in Los Altos Hills, Calif. The sale is one of the largest in U.S. history for a single-family home.
