Apple co-founder Mike Markkula, 78, has listed his California ranch for $37.5 million. His property, Rana Creek Ranch, is a 14,000-acre working cattle ranch with a private lake, riding arena, two barns, and a 2,900-foot landing strip, and helipad. The property is Carmel Valley’s largest landholding.
In 1977, Markkula brought his business expertise to Apple along with $250,000 (with $80,000 as an equity investment in the company and $170,000 as a loan) and became a one-third owner of Apple and employee number 3.
Mike Markkula was Apple’s third employee and its second CEO.
Markkula’s property, known as Rana Creek Ranch, is selling at a 37% discount from what he was asking for the property back in 2013. The ranch comes with a one-bedroom, 5,413-square-foot main house with a guest wing, a separate two-bedroom guesthouse, and five other homes, according to ranch brokerage Hall and Hall. The working cattle ranch includes a private lake, riding arena, two barns, and a 2,900-foot landing strip and helipad.
The ranch was previously listed in 2013 for $59.95 million, and then again in 2016 for $45 million.
Markkula and his wife bought the property for $8 million in 1982.
MacDailyNews Take: That’s a nice discount! Of course, a sale like this comes with its own video:
Check out the listing here.