Mark Zuckerberg Secretly Spends $30 Million On Neighbor’s Homes To Maintain Privacy

    Posted by Cristin  |  October 11, 2013  |  4:10 pm  |  Tags: , , , , , , ,

    Crunchbase

    Mark Zuckerberg

    Palo Alto, CA

    Most Known For

    Facebook CEO

    Home Stats

    3 adjacent properties

    Price

    $30,000,000

    Facebook CEO Mark Zuckerberg may oversee a company with information about more than a billion people worldwide, but when it comes his own life, privacy is paramount.

    According to property records uncovered by the San Jose Mercury News and confirmed by Trulia, the Facebook CEO spent $30 million over the last 10 months to buy three of his neighbors’ homes.

    With a $19 billion dollar net worth, the collective $30 million was just a drop in the bucket for Zuckerberg, who doesn’t intend to raze the homes adjacent to the one he paid $7 million for in March 2011 and build a massive compound. Instead, he’s taken ownership of three properties and will simply rent the homes back to the current residents.

    Word is that the deals started to go down when Zuckerberg caught wind that a developer planned to buy a neighboring home and charge a premium for the home by marketing it as being “next to Mark Zuckerberg.” To squash that deal, Mark simply bought the house instead.

    Zuckerberg’s recently-revealed purchases not only stopped that one slimy developer from profiting from being Zuckerberg-adjacent, but it also ensured that Mark and his wife Priscilla Chan won’t face that issue again. For one particular property, Zuckerberg had to really pony up, likely because the seller didn’t want to sell or knew Mark was motivated and had the funds. He paid $14.5 million for a home with a market value of about $3.2 million dollars.

    The properties are all held in generically-named LLCs tied back to Zuckerberg’s money manager at Iconiq capital.

    Zuckerberg also owns a home in San Francisco that is currently undergoing extensive upgrades.

    Images via Google.

      Early Facebook Employee “Likes” Southern California, Buys $5.4M Mansion

      Posted by Cristin  |  October 8, 2012  |  7:46 pm  |  Tags: , , , , , ,

      Crunchbase

      Early Facebook Employee

      Pacific Palisades, CA

      Most Known For

      One of Facebook's first 20 employees, now a co-founder at GoodRx.

      Price

      $5,400,000

      Scott Marlette, one of Facebook’s first employees, is investing his tech riches into an offline asset – a rare, brand new home in Pacific Palisades, CA. Marlette began his career at Facebook in the company’s early days, first as an engineer and later as a product manager. He developed Facebook Photos and oversaw development for other key site features like tagging, groups and more. Facebook just announced its billionth user worldwide, and that kind of online success translates into some major dollars for the company and for early employees who received a substantial piece of equity in the company in exchange for taking a chance and betting their careers on Mark Zuckerberg’s idea. Despite Facebook’s rocky IPO earlier this year, there is no doubt that the company has figured out how to make a pretty penny – and many of the early employees have also shared in that monetary success.

      Scott Marlette’s new venture, GoodRx, is headquartered in Santa Monica, CA, which explains why his pricey Pacific Palisades purchase is hundreds of miles from the tech epicenter of Silicon Valley.

      So what does tech gold translate to when it comes to real estate? Marlette paid $5.4M for a home in highly-sought-after Rustic Canyon. The home was a complete remodel of an existing property that hadn’t been on the market in more than 50 years. The home was designed and built by Core Development Group. Marlette’s new home is a fresh and modern interpretation of a New England farmhouse, complete with sun-filled open spaces, wide plank oak floors, 11-foot-high ceilings and tree top views everywhere you look.

      Sleek lines blend seamlessly with a perfect floor plan. A state-of-the-art kitchen features a wolf range and side-by-side Sub Zero fridges. The family room flows effortlessly into a private grassy backyard.The home’s master suite comes complete with a stunning bath and his & her closets. A separate 5th bedroom upstairs has its own entrance. The listing says it’s “perfect for a writer,” but it’s also a great space for a hacker or coder as well!

       

       

        Future Homes for Facebook’s Filthy Rich

        Posted by Vanessa  |  February 3, 2012  |  3:05 pm  |  Tags: , , , ,

        Price

        $7 Million - $47.5 Million

        Earlier this week, Facebook filed paperwork for the most anticipated initial public offering since Google in 2004. Estimated to raise as much as $10 billion and value the company at up to $100 billion, about a 1,000 or so privileged Facebook employees are expected to hit the jackpot this summer.

        With a few Facebook employees valued anywhere from $700 million to $17.5 billion, it’s safe to say that these soon-to-be newly minted millionaires and billionaires will probably have more money than they know what to do with. Well, here’s an idea – why not take your shares and get your own piece of Silicon Valley by buying a house (if they haven’t already).

        So to help them out, we’ve searched through Silicon Valley real estate’s most finest for Facebook’s lucky bunch. Although Silicon Valley isn’t known for being fancy like the rich and famous in New York and Los Angeles, with these homes we think we’ll definitely get some “likes” from our “friends.”

        1. King Mountain Rd; Woodside, CA 94062

        Price: $47,500,000

        Bedrooms: 4

        Bathrooms: 5 full, 1 partial

        Size: 14,000 sqft

        Lot: 4.0 acres

        Why we “like” it: Features a wine cellar with a 13,200 bottle capacity, fully equipped gym, 15-seat cinema, 7-car garages, computer controlled heating, lighting, security and elevator.

        2. 835 Chiltern Road, Hillsborough CA 94010

        Price: $43,888,000

        Bedrooms: 6

        Bathrooms: 12

        Lot: 6.23 acres

        Why we “like” it: Includes indoor pool & raquetball court, pool house, outdoor pool, tennis court, waterfalls, koi pond, English rose and zen gardens.

        3. 5050 Alpine Road, Portola Valley CA 94028

        Price: $15,950,000

        Bedrooms: 7

        Bathrooms: 8 full, 2 partial

        Lot: 28.5 acres

        Why we “like” it: It’s minutes from town, boasts 2 pools, tennis ct, vineyard, 8-car garage and guest cottage.

        4. 12661 Robleda Road, Los Altos Hills CA 94022

        Price: $10,888,000

        Bedrooms: 6

        Bathrooms: 6 full, 1 partial

        Size: 8,610 sqft

        Lot: 1.53 acres

        Why we “like” it: Has 3 levels, vaulted/cathedral ceiling, inside BBQ, 2+ master suites, pool and cabana.

        5. 72 Ralston Road, Atherton CA 94027

        Price: $7,950,000

        Bedrooms: 6

        Bathrooms: 8 full, 1 partial

        Size: 9,345 sqft

        Why we “like” it: Boasts a wine cellar, sauna, fitness room, game room, pool, spa, fire pit and cabana.

         

          Arizona Home Hits The Market With Its Own Twitter Handle

          Posted by Cristin  |  November 28, 2011  |  2:48 pm  |  Tags: , , , ,

          Home Stats

          4.022, 3 bedrooms, 4 bathrooms, pool

          Price

          $1,025,000

          Gotta love social media. It’s not just for people, pets or fake personalities anymore, it’s also now for houses. On the market in Tucson, Arizona, a brand new listing in the 85718 area code also has it’s own Twitter handle: @IAMAHouse1. Tipped off by the fine folks at Curbed, we had to check out this tech-savvy property ourselves. A new addition to the Twitter world, the home tweets about the goings-on around the property, the weather, and even T.S. Eliot quotes.

          This Twittering house is described as “a subtly magnificent home. Charm and grace permeate this adobe abode with a myriad of french doors and a feeling of bringing the outdoors in.” The kitchen is beautiful and up-to-date, yet warm. The living rooms and bedrooms feature beamed ceilings, the bathrooms are sleek marble, and the floors are a traditional tile that seamlessly blend the home’s exterior and interior. The property also features unique fireplaces, sprawling outdoor patios around a pool and hot tub. While listed as a 3 bedroom, the listing suggests that the home could be converted to a 4 bedroom.

          The current housing market is challenging, which means agents and owners have to get creative about marketing their properties. We’ll just have to wait and see if more homes jump on the Twitter bandwagon in order to find their next owners.

          Since we’re on the subject, follow Trulia on Twitter and Like us on Facebook!