Early Apple employee Mike Markkula is selling his California ranch for $45 million

Mike Markkula, Apple's third employee and former CEO and chairman, has listed his longtime California home for sale for $45 million, The Wall Street Journal reported.

Dubbed "Rana Creek Ranch," the property spans 14,000 acres in Carmel Valley, about 85 miles south of Silicon Valley. In addition to a 5,413-square-foot main house, there's a private landing strip, lake, riding arena, and two barns.

Markkula and his wife, Linda, bought the home and surrounding acres for $8 million in 1982. "We've enjoyed it. We've loved it but it's time to move on," he told The Journal.