Bill Gates is not selling his home.
That revelation came at the end of a keynote presentation that was decidedly devoid of news this morning at Microsoft’s Strategic Account Summit in Seattle. In particular, there were no hints of a Yahoo! partnership, but Terry Semel isn’t scheduled to speak until tomorrow.
The company has gathered about a thousand advertising professionals from 27 countries at the summit to pitch its various services and platforms for marketing in new ways enabled by the Internet.
In a question and answer session, Joanne Bradford, Microsoft’s corporate vice president and chief media officer, asked Gates if he had “Zillowed” his Medina mansion, where he has lived since 1997.
Yes, he has used the Seattle-based real estate valuation service, he said.
“The Zillow guys are great,” Gates said, noting that Zillow.com uses Microsoft’s Virtual Earth mapping technology. But, he added, “Their algorithms for figuring out prices don’t scale very well into the very low end or the very high end, I can tell you that.”
Zillow is great for the middle of the market — “the part that counts,” Gates said.
Well, since he brought it up, I took a quick peek at Zillow. His waterfront megaproperty south of the Evergreen Point Floating Bridge was listed at $135.7 million.
“But if you bid that number on my house, I won’t sell it to you,” Gates said.