LOS ALTOS HILLS — A buyer from China has bought a South Bay estate described as a “sanctuary” in a deal that suggests the area’s luxury homes market has perked up ahead of some high-profile tech IPOs.
An eight-acre estate in Los Altos Hills has been bought for $30 million by a group based in Hong Kong, documents filed on July 10 with the Santa Clara County Recorder’s Office show.
The five-bedroom house at 27500 La Vida Real, which has its own private vineyard, had been listed for sale at $37 million by Ken DeLeon, principal executive and founder of DeLeon Realty. The living areas total 21,000 square feet, according to the listing…