Two California Homes Owned by Late Kleiner Perkins Co-founder Hit The Market

Two California properties owned by the late venture capitalist Frank J. Caufield are separately coming on the market for $39.75 million and $19.5 million.

Mr. Caufield, who died last year at 80, co-founded Silicon Valley powerhouse Kleiner Perkins Caufield and Byers, which made investments in some of tech’s best-known companies including Amazon. Mr. Caufield stepped away from his daily role at the firm, now known as Kleiner Perkins, in 2000.

The pricier of the two properties is a nearly 12-acre estate in celebrity-studded Montecito, Calif. The roughly 18,500-square-foot, nine-bedroom Italian Renaissance-inspired villa was designed around 1927 by George Washington Smith, a prominent Santa Barbara architect, according to research by Sotheby’s International Realty, which is listing both homes.

An Italian Renaissance-Inspired Montecito mansion

The villa was designed around 1927 by George Washington Smith, a prominent California architect

A Montecito, Calif., mansion dating to the 1920s is coming on the market for $39.75 million.

Gavin Cater

1 of 8

The home still has many of its original details including inlaid golden travertine floors in the entrance gallery, hand-carved walnut paneled walls in the library and carved limestone arched windows in the dining room. The property has three separate wine cellars: one for white wine, one for red wine and one for aging, as well as a solarium with a 38-foot pool and a beamed ceiling and a study.

The Montecito property also has extensive gardens; both the gardens and the house were inspired by Italian villas, including Villa Gamberaia near Florence, according to Sothebys’ research. The landscape includes the biggest dragon tree in Santa Barbara, according to a search conducted by local growers in

Continue Reading