A Hillsborough estate with ties to retail giant Walmart has been listed for $11.5 million.
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The property was once owned by James H. Jones, the banker who, while an executive at Republic National Bank of Dallas in the early 1960s, lent Walmart founder Sam Walton money Walton would later transfer to create Walmart. Jones would also serve as founding director of Walmart stores, and in 1975, he moved to Hillsborough to lead the Bank of California.
Public records show that Jones paid $350,000 at the time for the estate.
Built in 1931, the Spanish Revival-style property now spans 6,310 square feet and has six bedrooms and seven baths, including a separate one-bedroom, one-bath guest home. The main house has vaulted ceilings, arched doorways and all-wood beamed ceilings. It has been recently updated with a chef’s kitchen, refinished hardwood floors and other new finishes.
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The gated estate includes 2.55 acres of private grounds with trails, a creek as well as a pool, spa, cabana, and sports court.
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Lori Buecheler and Olivia Maggi with Compass are the listing agents.
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