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Jaw-Dropping Los Altos Hills Estate Lists for $27M

Are you a Silicon Valley hotshot who's looking to buy some very big digs? This gorgeous Tudor mansion was just re-listed by Silicon Valley venture capitalist Kelly Porter. It first appeared on the market back in 2008 when it was asking an impressive $45M, and it was eventually reduced to $39M. "It's worth every bit of $45 million, and I reduced it reluctantly,'' said Porter. It was later delisted without a sale.

Now it's back and asking $27M. The 7-bed, 8-bath, 30,000 square foot abode sits on nearly 8 acres. It's also listed on the Federal Historic Register, so it has a low property tax rate. The home recently completed a multimillion dollar renovation that spanned over seven years. In addition to perks like a Venetian-inspired ballroom and a separate building just to house the gym, the home has also played host to "royalty and world leaders."

· THE MORGAN ESTATE, LOS ALTOS HILLS [Sotheby's International Realty]
· 30,000 Square Foot Tudor Mansion In Los Altos Hills, CA Re-Listed [Homes of the Rich]
· Mansion Price Drops $7 Million; Bentley Offered on Luxury Homes [Bloomberg]