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