“One of Apple Inc.’s co-founders, Mike Markkula, has put his vast Rana Creek Ranch property in the Carmel Valley on the market for a staggering $45 million,” Kevin Truong reports for The San Francisco Business Times. “Markkula was was an angel investor in Apple vital to the company’s early development and also served as Apple’s second CEO.”

“To be sure, buyers would be getting a lot of bang for their buck,” Truong reports. “Rana Creek is the single largest private landholding in the Carmel Valley, making up 14,000 acres and split up into 12 legal parcels. Originally a 19th century Spanish Land Grant, the property includes residences for the owner, manager, guests and staff, along with facilities for agriculture and horse riding as well as amenities like a private air strip and private lake. The ranch also has currently has roughly 300 head of cattle being raised and reared on the property.”

“Markkula told The Wall Street Journal that he originally paid $8 million for Rana Creek back in 1982 and tried to maintain it as a private quiet retirement home for him and his family,” Truong reports. “After 35 years of ownership, Markkula said that he felt that it was time to move on.”

Read more in the full article here.

MacDailyNews Note: Here’s the listing for those interested:

35351 Carmel Valley Road, Carmel Valley, CA 93924
MLS# 81593357, $45,000,000, 6 BED, 6 FULL & 2 HALF BATH, 14,000 ACRE LOT

Apple alumni and how they went on to change the world – October 4, 2012