The Montecito, California estate of late venture capitalist Frank J. Caufield sold for $32.25 million, The Wall Street Journal reported.
The property was on the market for two months before it sold, and had multiple offers within the first ten days, which is "pretty special," Eric Lavey, one of the real estate agents told Business Insider. The home was also listed with Dusty Baker of Sotheby's International Realty and Michael Dreyfus of Golden Gate Sotheby's International Realty. The buyer is unknown.
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The expensive property had 12 showings, which is also quite unusual in this price range where he wouldn't usually expect more than one showing in a month, Baker said.
"Any other year, this would probably have been the most expensive sale of the year in Montecito," he told WSJ, and attributed the high interest to San Francisco and Los Angeles residents fleeing to Montecito.
Frank Caufield is known for cofounding Kleiner Perkins Caufield & Byers, a venture capital company in Menlo Park, California that currently just goes by Kleiner Perkins. He also sat on the boards of AOL, Time Warner, and other companies during his career.
Caufield died in November 2019.
See inside the home here.