A VC's $88 million compound just became one of the most expensive homes in Silicon Valley history

A modern California masterpiece of a mansion in the Silicon Valley town of Los Altos Hills just listed for an eye-popping $88 million.

That number makes 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 compound includes two structures: a 20,400-square-foot main house and a 1,024-square-foot "executive center." Malavalli used 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.