by James McClain | Diversity
The deal was actually closed a long time ago, near the dawn of time. (Two years ago, to be more precise, long before COVID-19 entered the general lexicon and face masks were a political talking point.) But although it was long suspected, it has yet to be confirmed. Taken that the mystery Silicon Valley buyer who paid $10.1 million for a mansion in La Quinta’s celebrity-infested Madison Club was Apple chief Tim Cook.
Back in March 2020, as surprising news mavens may recall, Cook and several other celebrities were exposed to COVID during a private La Quinta birthday party for their Madison Club neighbor Lucian Grainge. Grainge was later hospitalized due to complications from the virus.
Developed by the Discovery Land Company, the guard-gated Madison Club is known primarily for its expensive homes, its highly ranked Tom Fazio-designed courses, and its many celebrity residents. Other Madison Club homeowners include Lori Loughlin and Mossimo Giannulli, Cindy Crawford, Kourtney Kardashian, Kris Jenner, Nike founders Phil Knight and Scooter Braun.
Although the MLS Listing Service says that Cook paid $10.1 million for his Madison Club property, the public record lists the amount as “only” $9.1 million. Somehow, he got a deal on the spot. The property was listed for $11.5 million; With desert home values still skyrocketing, the .8-acre sprawling is likely to be worth somewhere close to $12 million today. But with a net worth of $1.5 billion, it’s unlikely that Cook needs additional equity.
Spanning 10,000 square feet, the sprawling home is unmistakably Germanic in its harsh and harsh glory. Specially built by a developer and completed in late 2018, the space is essentially color-free, with only a few shades of gray and beige to balance the white and gray that would otherwise fill the interior. Huh. Still, there’s plenty of wall space for a colorful modern art collection, and the dazzling sunset views are certainly spectacular. All five bedrooms in the house have their own full bathrooms, and there are additionally two powder rooms on the premises.
And yes, the house is absolutely as full as you’d expect from the wealth of a CEO of the world’s most valuable company. Other amenities include a lounge, executive offices, and a wet bar with custom billiard tables. There are also two kitchens, one a gourmet affair and the other a “butler’s” kitchen, each appointed with top-of-the-line stainless appliances. Automatic glass pocket doors allow for seamless indoor/outdoor living.
The home’s backyard faces west, ideal for a Madison Club residence as the view overlooks the ruggedly beautiful Santa Rosa Mountains. To the rear, there’s an infinity-edge swimming pool with its own swim-up bar and Baja shelf for sunbathing by the water, as well as a patio with a firepit and built-in BBQ center. Air-conditioned loggias provide the perfect place for al fresco entertainment. And for socializing, all residents of the Madison Club have access to the centrally located clubhouse with fine dining and exclusive spa/gym facilities.
Cook, 60, has been the CEO of Apple for more than a decade. Last month, he received a $750 million payment from Apple, whose market cap now tops a bottomless $2 trillion. His main residence is located in the Bay Area’s Silicon Valley to the north in Palo Alto.
Glen Cassell of Hideaway Properties Corporation handled both sides of the deal.