The 21,400-square-foot home at 27500 La Vida Real in Los Altos Hills, which was built for Kumar Malavalli, the co-founder of Brocade Communications Systems and current VC, hit the market with a bit of fanfare and an $88 million price tag back in 2015.
Features of the five-bedroom 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. And 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.
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 early last year, as we first reported at the time and despite the original list price of $88 million having “reflect[ed] the cost of construction and the price of land,” according to the listing agent at the time.
And this morning, 27500 La Vida Real was quietly listed anew with a $55 million price tag.
Huh. Maybe if it were shaped like a money purse…
If youth is wasted on the young, then surely money is wasted on the wealthy. (Honestly, I’d love to offer other than snarky remarks about the houses pictured herein, but for what it cost to build this, I would have thought they could have put up another few buck$ and included a coherent design…it looks like a shopping center)
Agree – I actually, proactively would not want to live here. i.e., if you gave it to me (and I had the money for taxes, upkeep, etc.), I’d never choose to occupy it; I’d flip it and buy something more human and habitable.
+1 for shopping center.
“…it looks like a shopping center”
That might not be a coincidence because the design/build firms who are equipped to construct something of this scale are also the same firms that build commercial developments.
Bloat and excess are never pretty.
Ugh, it’s hideous. Looks like living in a suburban Kansas City conference center.
La Vida Real, are you kidding. I hope naming rights for the road are included in the deed.
The place is perfect for one of those reality TV shows where strangers have to live together.
The south bay rich are so tastless..
It reminds me of Joan Didion’s description of the new governor’s mansion the Reagans had built in suburban Sacramento when Ronald Reagan was governor: a house designed for snacking.
19.95mm
If I had that much money, I’d tear it down and start over
Nothing amuses me more than the architectural arm chair (read: high chair) critics of Socketsite commenters.
We’d love to hear your creative input, assuming that you’re an industry professional.
Just because you have money doesn’t mean you have taste.
That is gawd-awful. Very small market of buyers.
UPDATE: Tech Mogul’s Silicon Valley Lair Now Listed for $38 Million Less