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This VC’s mansion just got a $20 million price chop, but it’s still one of the most expensive homes in Silicon Valley

Bernard Andre

Smooth lines and bright, clean spaces fill the home.

It turns out that a modern California masterpiece of a mansion is a harder sell than previously thought.

First listed back in 2015 for $88 million, this home in the Silicon Valley town of Los Altos Hills just got a $20 million price cut.

That original number made it “one of the most expensive properties ever to be publicly listed in the area,” listing agent Michael Dreyfus of Sotheby’s International Realty told The Wall Street Journal. It’s important to note, however, that homes in the area have changed hands privately for more.

The home is owned by tech entrepreneur Kumar Malavalli, founder of Brocade Communications Systems and current head of venture capital firm VKRM.

The $68 million compound includes two structures: a 20,400-square-foot main house and a 1,024-square-foot “executive center.” Malavalli uses the compound for both living and working, ensuring a commute as easy as a walk through the property’s meditation gardens.

He and his wife are now selling the home to be closer to their grandchildren.

Michael Dreyfus of Sotheby’s International Real Estate has the listing.

Hidden in the Silicon Valley enclave of Los Altos Hills, California, lies a huge, eight-acre estate.

This is no mere cookie-cutter McMansion.

The grand entryway is framed by lattice and guarded by a lion statue.

The double-height living room features a sculptural hanging light.

The kitchen is a modern masterpiece with clean lines and a bright, airy open feel.

The library has plenty of natural wood.

The master bedroom is huge, with a built-in modern fireplace.

The bathrooms are also large and appropriately opulent.

Some of the guest bedrooms open to the estate grounds. The main house has five bedrooms in total.

The indoor pool and hot tub still get plenty of sun, thanks to the retractable roof.

There’s plenty of space for a billiards table in the pool room.

A 15-seat movie theater is a great place to catch all of the latest flicks.

There’s space to store 4,000 bottles of wine, too.

A 1,024-square-foot “executive center” can also be found on the property.

It was built to be the perfect place to conduct business and work from home.

It even has its own kitchen.

The estate has patios galore.

Lush greenery provides a serene space.

Whimsical sculptures dot the property.

There’s even a bell tower in the backyard.

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.