In a recent real estate move that reflects the complex dynamics of Silicon Valley’s housing market, tech investor Marc Andreessen has sold his luxurious Atherton home for $27 million, a notable 10% below its original listing price.

Andreessen, co-founder of the renowned venture capital firm Andreessen Horowitz, originally listed the 12,000-square-foot property for just over $33 million in spring 2024. The property, located at 164 Elena Ave., boasts impressive features including two kitchens, seven fireplaces, and sophisticated screening systems.

The tech mogul and his wife Laura Arrillaga-Andreessen, daughter of a billionaire developer instrumental in Silicon Valley’s creation, initially purchased the property in 2007 for $16.6 million. The estate includes not just the main residence, but also a one-bedroom guest house, a detached studio, and a four-car garage with a convertible office space.

Andreessen’s real estate portfolio is substantial, with previous investments including over $250 million in Malibu properties. Interestingly, he and his wife have been vocal opponents of increasing housing density in Atherton, arguing that multifamily housing would negatively impact home values and neighborhood quality.

Atherton, known as one of the most expensive ZIP codes in the United States, continues to be a hotspot for tech executives. Homes in this exclusive enclave routinely sell for over $20 million, with the largest sale this year reaching an impressive $52 million.

This sale offers a glimpse into the high-stakes world of Silicon Valley real estate, where tech wealth meets exclusivity and property values remain remarkably resilient despite market fluctuations.