Andy Spade, co-founder of luxury fashion brand Kate Spade New York, has picked up a real estate gem. He purchased a Mission-style home in an upscale neighborhood in the hills of Oakland, Calif., for $3.5 million in early June.
Spade made the move to the West Coast following the death of his wife, Kate Spade, in 2018.
As often happens in the hot San Francisco Bay Area housing market, the final price went well above the home’s $2.85 million list price.
In the same family for over 60 years and set on a level half-acre lot on the crest of a hill near Piedmont, the classic home from 1928 features five bedrooms, 3.5 bathrooms and 3,982 square feet of living space.
Gorgeous views can be seen from the great room, which also features an exposed beam ceiling and a large central fireplace. French doors open to the main terrace, which overlooks the bay below.
Designed by local architects Corlett + Reed, the home features artisan-created details throughout, including gorgeous woodwork.
The property also has three garages, multiple workshops, a separate studio, gardens, walkways and patios.
In memory of his wife, Spade planted a decorated Christmas tree outside a teal-framed window.
“Dear Katy, this tree is for you,” Spade posted on Instagram. “Bea and [ I ] are planting it outside of our big window to keep your magical spirit and energy close to us everyday. It will bless our new home in California and radiate your essence 365 days a year.”
Andy and Kate launched their handbag company, Kate Spade New York, in 1993. In 2017, Tapestry (formerly Coach) bought the Kate Spade brand for $2.4 billion.
Previously, Andy lived in New York City, and left a “sprawling Park Avenue apartment empty after making the move,” Page Six reported.
Although the couple were married at the time of Kate’s death, they had been living separately for months, according to a June 2018 statement from Andy.
Along with launching Partners & Spade, the entrepreneur has produced movies with Red Bucket Films and is conceiving and publishing books through HarperCollins.