Built for Kumar Malavalli, the co-founder of Brocade Communications Systems and current VC, the 21,400-square-foot home at 27500 La Vida Real in Los Altos Hills hit the market with a bit of fanfare and an $88 million price tag in 2015.
Features of the five-bedroom, 2010-era home include a 3,000-bottle wine “cellar” adjacent to the main dining room.
There’s an indoor swimming pool with a retractable roof, spa and swim-up bar.
There’s a freestanding 1,024-square-foot executive center with a conference room and kitchenette, not to mention a six-car garage and 12 outdoor fire pits sprinkled across the eight-acre estate.
According to the listing agent, while the $88 million price seemed like a big number, it “reflects the cost of construction and the price of land.”
And with a little less fanfare and hidden behind an undisclosed address, the “resort-like estate in Los Altos Hills” was quietly listed for $68 million as of this morning.