diff --git a/usr.sbin/bhyve/pci_emul.c b/usr.sbin/bhyve/pci_emul.c
--- a/usr.sbin/bhyve/pci_emul.c
+++ b/usr.sbin/bhyve/pci_emul.c
@@ -109,6 +109,8 @@
 #define	PCI_EMUL_IOBASE		0x2000
 #define	PCI_EMUL_IOLIMIT	0x10000
 
+#define PCI_EMUL_MEMBASE32	0xC0000000
+
 #define	PCI_EMUL_ECFG_BASE	0xE0000000		    /* 3.5GB */
 #define	PCI_EMUL_ECFG_SIZE	(MAXBUSES * 1024 * 1024)    /* 1MB per bus */
 SYSRES_MEM(PCI_EMUL_ECFG_BASE, PCI_EMUL_ECFG_SIZE);
@@ -1151,7 +1153,7 @@
 	int bus, slot, func, error;
 
 	pci_emul_iobase = PCI_EMUL_IOBASE;
-	pci_emul_membase32 = vm_get_lowmem_limit(ctx);
+	pci_emul_membase32 = PCI_EMUL_MEMBASE32;
 
 	do_cpuid(0x80000008, regs);
 	cpu_maxphysaddr = 1ULL << (regs[0] & 0xff);
@@ -1266,7 +1268,8 @@
 	 * The guest physical memory map looks like the following:
 	 * [0,		    lowmem)		guest system memory
 	 * [lowmem,	    lowmem_limit)	memory hole (may be absent)
-	 * [lowmem_limit,   0xE0000000)		PCI hole (32-bit BAR allocation)
+	 * [lowmem_limit,   0xC0000000)		Graphics Stolen Memory (may be absent)
+	 * [0xC0000000,     0xE0000000)		PCI hole (32-bit BAR allocation)
 	 * [0xE0000000,	    0xF0000000)		PCI extended config window
 	 * [0xF0000000,	    4GB)		LAPIC, IOAPIC, HPET, firmware
 	 * [4GB,	    4GB + highmem)