This is what $38 Million Buys You

Kelly Porter has quite the pedigree; venture capitalist, one of the founders of the Fox TV cable news division, son of an E*Trade founder and former CEO…but word has it he’s suffering from ‘mansion malaise’ prevalent on the west coast…

Here’s his listing for his $38 million home in Los Altos Hills.

It’s been reduced from $48 million and reportedly his agent says he’s not lowering it again.

Silicon Valley mansion for sale– Erin Lubin / Bloomberg News

Kelly Porter, a venture capitalist, owns Stonebrook Court, a 30,000-square-foot mansion on 7.5 acres in Los Altos Hills, Calif.

High-end homes are staying on the market longer. One seller cuts his asking price from $45 million to $38 million, but he can afford to wait.

And for more on the ex of Mrs. Porter, read Connie Loizos at PEHub.

More:

Housing Downturn Hits Silicon Valley/LA Times

Woodside Partner Trying To Sell Home for Gulp…/PEHub

JOHN PRESCOTT

BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

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