Mark Pincus Sells One of Two Homes in San Francisco

    Posted by Cristin  |  December 21, 2011  |  5:55 pm  |  Tags: , , , , , ,

    Marc Pincus

    San Francisco, CA

    Most Known For

    CEO of Zynga

    Home Stats

    3 bedrooms, 3 bathrooms, 2,875 square feet

    Price

    $1,970,000

    Mark Pincus is on the move. The internet super-entreprenuer recently had not one, but two high-priced homes on the market in San Francisco. We recently put the spotlight on the $8,900,000 mansion Pincus and his wife heaved onto the market in the Presidio Heights neighborhood. To much less fanfare, the Pincus’ quietly listed their other property in San Francisco’s Cole Valley neighborhood, and now it’s being reported that the home has a buyer. Like the other property, the Cole Valley home is highly-stylized and decorated to the max, a given since Marc’s wife Alison is co-founder of decor marketplace One Kings Lane.

    This second Pincus home was first listed in late September 2011 at $2,189,000 and endured a price chop in early November to $1,970,000. Property records indicate that the Pincus’ will likely take a substantial loss on the home. They bought the house in August 2005 for $2,850,000. If they get the full asking price from the buyers who are currently under contract to purchase the property, that’s still an $880,000 loss before you even count carrying costs, renovation expenses and real estate fees. With Zynga’s recent IPO, we suspect Marc may be able to cover the losses.

    What will the buyers get? Current listing information shows that the home has a total of 3 bedrooms and 3 bathrooms in 2,875 square feet. Set on a lovely and peaceful block just a few minute walk to the shops of Cole Street, this home has been designed for large scale engagements in an impactful and creative atmosphere. The main level of the home features a modern, open-plan kitchen that flows into the formal dining area with dramatic black and white accents. Nearby, the adjacent main entertaining room features expansive open spaces punctuated by a modern forest motif along the southern wall that floats past a frost shrouded staircase. The upper level master suite features panoramic city and Golden Gate Bridge views and is washed with light from three sides. Off the main level, a walk out deck overlooks the redwood covered yard below with lush foliage.

     

      Game On! Zynga CEO Mark Pincus Selling $8.9M San Francisco Mansion

      Posted by Cristin  |  October 26, 2011  |  1:30 pm  |  Tags: , , , , ,

      Marc Pincus

      San Francisco, CA

      Most Known For

      CEO of Zynga, creator of Farmville, Cityville and other addicting games

      Home Stats

      6-bedrooms, 6.5 bathrooms, 4 stories

      Price

      $8,900,000

      Zynga founder and CEO Mark Pincus‘ four-level mansion in the prestigious Presidio Heights neighborhood of San Francisco has just hit the market for $8,900,000. Originally reported by The Business Insider, the gaming mogul and his wife are selling the stunningly well-decorated home for undisclosed reasons. After flipping through the listing photos, you can see that home’s interior decor is a pseudo-advertisement for One Kings Lane, the flash home decor sale site cofounded by Pincus’ wife, Alison. Bright colors, chic accents and delightful surprises define this home and make it one of the most covetable properties currently on the market in San Francisco.

      The grand, livable and well-decorated modern home has 6-bedrooms and 6.5-bathrooms and was built on an extra-wide lot. It offers both a bold street presence and pleasing scale, but is intentionally pulled back from the street for privacy. The steps up to the house bring you to a beautiful courtyard and striking entrance. Extremely balanced and well-appointed, all the public rooms on the main level connect, ideal for flow and entertainment. The kitchen includes a unique but functional family room area. The kitchen morphs from great to truly magnificent as soon as you set your eyes on the large doors that open onto the tranquil grass garden. The second level features four bedrooms, including the master suite. There is a full floor penthouse level with a “grand master,” featuring a spa-like bathroom, terrace and office. The lower level has an au pair suite and media room/large play room.

      For those who have been following Mark’s career, it’s no surprise he owns a home this big and beautiful. Zynga and Pincus are on a major roll, launching successful game after successful game, acquiring companies left and right, reporting record profits, and filing for an IPO. Zynga is rumored to be a publicly-traded company before the end of the year.