Updated: Tech Mogul David Sacks Pays $20M For Home on San Francisco’s Famed ‘Billionaire’s Row’

    Posted by Cristin  |  December 18, 2012  |  4:02 pm  |  Tags: , , , , , , , ,

    Wikipedia

    David Sacks

    San Francisco, CA

    Most Known For

    Uber-successful tech mogul who was once CEO of Yammer and COO of PayPal

    Home Stats

    17,500 square foot main home and 6,000 square foot guest house, Unfinished interiors

    Price

    $20,000,000

    Tech mogul David Sacks has just paid $20 million for 2845 Broadway Street in San Francisco, making it the one of the most expensive homes ever sold in San Francisco. Sacks and his wife Jacqueline are the proud new owners of the partially-completed home on ‘Billionaire’s Row.’ The estate was previously owned by Peter Sperling, who made his fortune and earned his right to live on the prestigious block by helping build the The University of Phoenix online education empire.

    Sacks and his family will fit right into the neighborhood: earlier this year, he sold his company, Yammer, to Microsoft for $1.2 billion. Prior to Yammer, Sacks was COO at PayPal and founder of Geni.com, a family tree building and networking site. Just one month after selling Yammer, Sacks predicted “the end of Silicon Valley as we know it.” Perhaps this hunch is what convinced him to settle his young family into the historic Pacific Heights neighborhood, a part of town also enjoyed by nearby residents like the Getty family, Larry Ellison and Marc Pincus.

    Originally listed unfinished for the astronomical price of $65 million, the Sacks’ new home came on and off the market with drastic price chops for the greater part of six years. According to Socketsite, 2845 Broadway was part of a two-parcel site, which also included 2940 Pacific, that was purchased by the Sperlings for $32 million in 2002. The cost of construction for the 17,500 square foot home and 6,000 square foot guest house exceeded $20 million, and the “buzz among local brokers” is that it will cost upwards of $10 million to finish the home. Sacks better dig deep into the Microsoft money to make it happen.

    Update:

    We had previouly heard buzz among local “in-the-know” brokers that the purchase price would be $34.5 million. This is not the case and our source was incorrect. Public records now show the full purchase price of the home was $20M.

      Apple Exec Debuts iPhone 5, Along With His New $17M SF Estate

      Posted by Vanessa  |  September 17, 2012  |  6:38 pm  |  Tags: , , , , , , ,

      www.Apple.com

      Jonathan Ive

      San Francisco, CA

      Most Known For

      Senior VP of Industrial Design at Apple

      Home Stats

      Five-level, 7,274 square foot, 6-bedroom, 8.5 bath

      Price

      $17,000,000

      Jonathan Ive has had a busy past couple months to say the least! In the wake of the most anticipated tech launches of the year, the senior vice president of industrial design at Apple has reportedly been juggling designing a newer and sleeker iPhone 5, all while closing on a new $17 million San Francisco estate, reports The Wall Street Journal. Given last week’s iPhone 5 release, Ive is surely proud to show off his new project, as well as his fabulous new digs.

      For the past year, it has been rumored that Ive was looking to take his family and head back to his native Britain, however it looks as if this extravagant 7,274-square-foot dream home on San Francisco’s “Gold Coast” may have been reason enough to stick around.

      Located in the sought-after Pacific Heights neighborhood, the estate was originally listed for $25 million as it sits in the city’s most exclusive “Gold Coast” blocks. Built in 1927 and designed by the famous architectural firm Willis Polk & Co. – most known for designing The Palace of Fine Arts, one of San Francisco’s most famous monumental structures– the 6-bedroom, 8.5 bathroom estate offers an elegant, Bay Area escape inside and out.

      The five-level floor plan includes a slate roof and top-level deck with spa and stunning views of the entire city that would take your breath away. The main and lower levels feature large formal rooms, a gourmet kitchen, a bottom-level apartment and a fabulous moss-covered brick garden courtyard. Period-authentic architectural designs are seen throughout the entire space, with antique door fixtures, plaster moldings, windows with stone and oak flooring lining the walk ways to create an authentic ambiance.

      If the views of the Golden Gate Bridge, Alcatraz Island and Russian Hill aren’t enough, an elevator, polished-copper chandelier, library, various wood-burning fireplaces, fitness room and bottom-level apartment should give you an idea of the San Francisco luxury Mr. Ive will come home to.

      It’d be no surprise if this stunning home will keep Ive continuing to innovate and design in the Bay Area – at least until the release of iPhone 10.

      Images and details via Sotheby’s.

        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.