Home News a San Francisco home that went for $31 million

a San Francisco home that went for $31 million

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Meta CEO Mark Zuckerberg.Kevin Ditch / Getty Images

  • Mark Zuckerberg sold his San Francisco home for $ 31 million, according to The Real Deal.

  • He still owns the compound in Palo Alto, California and nearby Lake Tahoe.

  • Recently, he seems to be spending more time on Kauai, Hawaii, which owns about 1,500 acres.

Mark Zuckerberg has offloaded part of his multi-million dollar real estate portfolio.

Meta CEO, Worth about $ 62 billionSold one of its San Francisco Bay Area homes earlier this month for $ 31 million. According to The Real Deal, off-market sales are the largest residential real estate transaction in the city so far in 2022.

The 7,368-square-foot, four-bedroom, four-bathroom home is located in San Francisco’s Dolores Heights district, adjacent to the famous Mission Dolores Park. Zuckerberg and his wife, Priscilla Chan, I reportedly paid $ 10 million for it When purchased in 2013.

However, the property created tensions among Zuckerberg’s neighbors who opposed construction work that began at home that year.residents Told the San Francisco Chronicle They were experiencing constant noise from the 50 crew members working at the facility each day, and they said they had been blocked from parking their streets for months.

Permits submitted to the city at the time indicated that Zuckerberg plans to do millions of dollars worth of work at home, including kitchen and bathroom renovations. We will add a new office, media room, half bathroom, mud room, laundry room, wine room and wet bar. Place additional items on the back and sides of the house. We’ve added a new basement garage with a car turntable to make it easier for cars to get off.

The house is now in the hands of a new buyer — Real Deal reports that it was sold to Delaware-based LLC — Zuckerberg still owns real estate in the Bay Area. He purchased a Palo Alto five-bedroom home in 2011 and then added four homes surrounding the property to create a private compound.He also owns Two adjacent waterfront estates In the gorgeous outskirts of Lake Tahoe, a popular vacation destination for Bay Area residents.

But lately, Zuckerberg seems to be spending more and more time His approximately 1,500 acres of land on Kauai, Hawaii Where He often finds surfing and foilA type of water sport.

Zuckerberg began buying real estate on the North Shore of Kauai in 2014. Get $ 17 Million worth of Land December 2021.Zuckerberg and Chan Donated millions to a local organizationBut their presence on the island Also sometimes controversial: Local resident I told insiders last year That they saw Zuckerberg’s land purchase as a “new monarchy” that did not respect the history of the island.

Read the original article Business insider

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