Despite A Shrinking Stock Price, Zygna Chief Mark Pincus Buys Big Mansion in San Francisco

    Posted by Cristin  |  August 6, 2012  |  6:47 pm  |  Tags: , , , , , ,

    ZUMA Press/Newscom

    Mark Pincus

    San Francisco, CA

    Most Known For

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

    Home Stats

    Four-levels with 7 bedrooms, 6 full baths, and 4 half-baths

    Price

    $16,000,000

    While Zynga’s stock price continues to trade lower and lower, CEO Mark Pincus is trading up his lifestyle. According to sources, Mark Pincus and his wife Alison, co-founder of the delightfully addictive home decor flash sale site One Kings Lane, have just picked up a posh new San Francisco pad. Originally priced at $16.5M, the Pincus family paid $16M for the home in the posh SF neighborhood of Pacific Heights.

    Pacific Heights, or “Pac Heights,” according to locals, is the must-live-in neighborhood for the billionaire set. The Pincus’ new neighbors include Oracle CEO Larry Ellison, the Getty familyUniversity of Phoenix owner Peter Sperling, and dozens of other monied folks.

    The Pincus family has been very active on the San Francisco real estate scene as of late. In late December 2011, they sold an understated San Francisco home in the Cole Valley neighborhood for $1.97M. Also now sold is their stunning, never-lived-in Presido Heights home for $8.2M.

    What could possibly top their former properties? Let’s dig into the details of the new Pincus family playground: built in 1907, and never before been on the market, this Pacific Heights view mansion is a classic piece of San Francisco architecture that has remained in the same family since it was built. Set back from Pacific Avenue for the utmost in privacy, the grand residence is perched on the south side of the 2800 block of ‘Outer Broadway,’ one of only three blocks known as the ‘Gold Coast’ of San Francisco – where the most prestigious homes in all of San Francisco sit and elicit gawks from tourists and locals alike.

    The residence was originally owned by Edwin W. Newhall and the architect for the home, Albert Farr, was renowned in San Francisco and the Bay Area. Today, the historic residence stands as it was – a classic example of Dutch Colonial Revival architecture with shingled facade, period lighting, and myriad diamond divided light windows, plus picture windows that present magnificent Golden Gate Bridge and Bay views. Spanning four levels plus a spacious attic, the home reflects the design of the early 1900s, with grand formal rooms on the main level, a continuous succession of family bedrooms and sitting rooms on the second and third floor, plus original staff quarters and the main kitchen on the basement level. With over 15 main rooms and approximately 11,500 square feet, the home presents a remarkable opportunity to reimagine the interior design for a variety of 21st century lifestyle needs – something Alison Pincus and her One Kings Lane team will likely have no problem perfecting.

    Steve Gothelf of Pacific Union International represented the sellers.

      Venture Capitalist Brook Byers Selling San Francisco Mansion

      Posted by Cristin  |  January 3, 2012  |  12:10 pm  |  Tags: , , , , , , ,

      Brook Byers

      San Francisco, CA

      Most Known For

      Famed Silicon Valley venture capitalist

      Home Stats

      8 bedrooms, 6 full bathrooms, 4 stories

      Price

      $12,000,000

      Famed venture capitalist Brook Byers, a partner at Kleiner Perkins Caufield & Byers, and his wife Shawn are selling a stunning brick mansion in San Francisco, California for $12,000,000. According to the Wall Street Journal, the home was originally shopped in mid-2011 as a private listing with a $15,000,000 price tag. Without any interested parties, the Byers’ chopped $3,000,000 off the asking price and listed the property publicly.

      Byers made his fortune as a VC Silicon Valley investor in such companies as Amazon, Google and Zynga, and purchased this home in 1985 for $1,500,000. Presidio Heights is an esteemed neighborhood and popular among tech and financial-industry moguls. Just two short blocks away from Byers’ Washington Street home, Zynga CEO Mark Pincus is also selling a home, with a $8,900,000 asking price.

      The Byers’ grand Presidio Heights residence built in 1910 as a wedding gift to the daughter of the Coors beer family. With four impressive levels, the residence boasts 8 bedrooms, 6 full and 2 half bathrooms. The home also has multiple family rooms, a media room, an expansive deck, a small home office, wine room, music room and lots of storage. The fully detached home (a rarity in San Francisco) has a 3-car garage, plus additional parking. The expansive home has incredible views of the Golden Gate Bridge, San Francisco Bay and the Presidio from almost every room.