In 2013, a venture-capital couple bought California land for $13.625 million, demolished the old house, built a 12,300-square-foot estate, then sold it for $56 million

In an impressive real estate transaction, a luxurious Italian-style estate known as Villa del Prato in Portola Valley has been sold for $56 million, setting an all-time high for residential properties in the area. The Caranos transformed the 12-acre property into a stunning retreat after acquiring it in 2013. The estate boasts a spacious main home along with separate entertainment facilities.
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