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.
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!