Evergrowth Holdings Acquires Los Altos Hills Estate From Kumar Malavalli For $30 Million

A Hong Kong-based buyer acquired a single-family estate at 27500 La Vida Real in Los Altos Hills, CA, featuring eight acres of land and a private vineyard. The property sold for $30,000,000, encompassing 21,000 square feet, resulting in a price per square foot of $1,429.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $30,000,000
• Buyer: Evergrowth Holdings
• Seller: Kumar Malavalli & Kumar Malavalli
• Broker: Ken DeLeon - DeLeon Realty
• Lender: J.P. Morgan Chase
• Loan Amount: $21,000,000
• Market: Los Altos Hills, CA
• Acres: 8
• Square Footage: 21,000
• Price Per Square Foot: $1,429

The transaction involved tech entrepreneur Kumar Malavalli and his wife, who sold the property after multiple listings over the years. The estate was last listed at $37 million, having previously sought prices as high as $88 million.