A sprawling mansion in an elite Silicon Valley enclave has hit the market for the first time.
Villa de Verano, a Lake Como-inspired estate sitting on more than 12 acres in Hillsborough was custom-built in 2013 for private equity investor Ted Kruttschnitt and his wife, Alexia, who still own the property according to public records. The only owners of Villa de Verano are asking for $88 million, according to SFGATE. If sold at asking, the estate would set a new highwater mark for Hillsborough, where the median home sales price in November was about $3.7 million, per Redfin.
Villa de Verano, at 3000 Ralston Avenue, in Hillsborough, is in-part the brainchild of well-known architect and interior designer duo Andrew Skurman of Skurman Architects and Suzanne Tucker of Tucker & Marks Design. Jennifer Gilson of Sotheby’s International Realty is the listing agent. When it was completed in 2013, the property received the California Landscape Contractors Association’s annual Grand Sweepstakes Award for best residential estate in California, per SFGATE.
Across the main and guest house, the property includes six bedrooms and seven bathrooms, a 2,100-gallon saltwater aquarium, theater, a gym, and koi and reflection ponds, as well as a swimming pool, redwood grove and tennis court.
It’s often said that confidence on the higher end of the market can affect the movement of mid and lower-tier properties as well. If Villa de Verona fetches its asking price, it would supersede the most expensive Bay Area home sale of 2025 — Woodside’s Green Gables Estate, which went for $85 million earlier this fall. However, the final sale was considerably under the original asking price of $135 million.
The previous record for Hillsborough is a home formerly owned by Elon Musk. The Tesla co-founder sold the French chateau-styled estate for $30 million in 2021. The owners then turned around and sold it the following year for $35 million, according to Mansion Global. Hillsborough made headlines earlier this year when 20th century crooner Bing Crosby’s former home traded hands for $25 million. The singer’s family, which owned the 11-bedroom home for six decades, originally sought $40 million for the property.
— Christopher Neely
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