An Atherton, CA, mansion owned by financier Manuel Henriquez and his wife, Elizabeth, has landed on the market for $15,495,000.

In October 2019 they both pleaded guilty to charges in a college admissions scam spearheaded by college admissions consultant Rick Singer.

For money-laundering conspiracy and fraud conspiracy charges, Elizabeth was sentenced to seven months in prison and Manuel to six months. In addition, Manuel stepped down as CEO at the company he founded, Hercules Capital.

With their prison sentences served, the couple are likely ready for a fresh start.

Designed by Pacific Peninsula Group Architecture and built in 2002, the Atherton residence has 7,865 square feet of living space, including six bedrooms and eight bathrooms. Highlights include hardwood flooring, extensive millwork, and built-ins throughout.

The three-level home features a formal living room, dining room, and chef’s kitchen. A family room with a fireplace opens to the patio. The main level also includes a wood-paneled library.

The primary suite with a walk-in closet and bath sits upstairs, along with four more bedrooms and an office. On the lower level, there’s a guest room, rec room, wine cellar, bar, and gym.

The grounds feature a pool, hot tub, and covered pavilion with a barbecue grill and fireplace. The property comes with a detached three-car garage.

The couple purchased the home in 2005 for $7.4 million. Since then, home values in this exclusive area have skyrocketed.

Atherton is one of the most expensive ZIP codes in the country, with only 19 active listings. The median list price is a jaw-dropping $10,800,000.

The Henriquezes were charged with paying $400,000 to Singer to alter scores on standardized tests and to fake athletic prowess for their daughters to gain entry into elite colleges. Their story was one of many portrayed in the 2021 Netflix documentary “Operation Varsity Blues.”

The college admissions scandal also snared Felicity Huffman, who served two weeks in prison, and Lori Loughlin, who served two months. Loughlin and her husband, Mossimo Giannulli, sold their Bel-Air home in the wake of the scandal. They then purchased a property in Hidden Hills, CA.

The post Elizabeth and Manuel Henriquez, Parents Caught in College Admissions Scandal, List $15.5M Atherton Home appeared first on Real Estate News & Insights | realtor.com®.