Silicon Valley Billionaire Looking To Move His Place For, Like, $88 Mil

Because $100 million would be silly.

Kumar Malavalli is your typical Silicon Valley engineer that made millions in the data storage game and got a nice little house for his family.

How nice? 

The Los Altos Hills, Calif. estate is one of the most expensive properties ever to be publicly listed in the area, although other homes have traded privately for higher prices, said listing agent Michael Dreyfus of Dreyfus Sotheby’s International Realty.
The five-bedroom main house measures about 20,400 square feet, Mr. Dreyfus said. Across a bridge is the executive center, a roughly 1,024-square-foot structure with a reception desk, kitchenette and conference room. Mr. Malavalli, the 72-year-old co-founder of the data center and storage networking company Brocade Communications Systems who heads venture group VKRM, said he works primarily out of the executive center, which he built to help keep his work life separate from his personal life. That way “when I go home, it’s just home,” he said.

But Kumar is putting his pad on the market for a few bucks... 88 million of them.

An indoor pool has a swim-up bar and a retractable roof that automatically closes when it starts to rain. Other amenities include a six-car garage, a gym, a home theater where Mr. Malavalli said he likes to host movie nights and a wine cellar that fits about 4,000 bottles, some of which are from grapes grown on the property. The grounds also include the bell tower with an area that can be used as a stage, various sculptures and gardens, including a meditation garden.

But why leave a place like that?

Mr. Malavalli said he and his wife are selling because they are empty-nesters, and want a smaller home closer to their grandchildren.

Tech Entrepreneur Kumar Malavalli’s Silicon Valley Compound Seeks $88 Million [WSJ]