Apple Billionaire Mike Markkula Asking $37.5M for 14,000-Acre California Ranch

Apple Billionaire Mike Markkula Asking $37.5M for 14,000-Acre California Ranch

Published: June 4, 2020 | By: American Luxury Staff

Mike Markkula, whose investments helped get Apple off the ground, has owned this sylvan retreat north of San Francisco since the 1980s. He began by purchasing the Rana Creek Ranch, an 8,000-acre property, and expanded on it in the years that followed.

At 14,138 acres, the property currently stands as the largest single parcel in California’s Carmel Valley, which is situated near Big Sur and Carmel-By-The-Sea. This month, the semi-wilderness estate was relisted with an asking price of $37.5 million. It previously hit the market in 2016, asking $45 million.

Rana Creek Ranch is, at present, a working cattle ranch. The namesake creek extends through seven miles of the eight miles of property length, but it is just one of the natural water resources within the acreage; an aquifer, vernal ponds, and seasonal creeks also grace the property.

The land is also dramatically hilly, with elevations ranging from 900 to 3,400 feet above sea level. The natural beauty of this area is striking, and the miles of trails on Rana Creek Ranch make it an ideal spot for riding, hunting, and hiking.

There are multiple residences and auxiliary structures on Rana Creek Ranch. The main house is a 7,000 square footer, but there are five other homes on the property, as well as a guest house that could serve as a caretaker’s residence. A conference building, agricultural buildings—including a greenhouse—and barns, corrals and storage are also included. Fifty miles of road runs throughout the acreage.

A singular opportunity to own one of the trophy properties in the Golden State.

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