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.

        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.