Inside the homes of Mark Zuckerberg, a sprawling $ 427 million real estate portfolio
Remote work? No problem for Mark Zuckerberg.
The 37-year-old Facebook founder plans to work remotely through the middle of 2022, The Wall Street Journal reported last week – and his $ 427 million real estate portfolio is more than capable of adjusting to his work-from-home lifestyle.
The billionaire owns around 1,400 acres and 10 homes in Palo Alto, San Francisco, Lake Tahoe and Hawaii. He is used to not getting along with his neighbors, construction noise complaints in San Francisco at a petition against “colonization” because of its growing real estate portfolio in Hawaii.
Homes are barely a dent in his estimated $ 120 billion net worth, which places him as the fifth richest person in the world, according to Forbes.
He has two children with his wife Priscilla Chan, Maxima, five, and August, three. They said having children made them commit to giving 99% of their shares to Facebook, although many criticized billionaires for exacerbating inequalities.
A family spokesperson confirmed that the residences The post office, and highlighted “Mark and Priscilla’s work with the Kauai community”.
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A noisy townhouse overhaul
Dolores Heights, San Francisco: $ 15.82 million
Mr. Zuckerberg spent $ 13 million on the 7,368-square-foot home in November 2012, plus an additional $ 2.4 million on renovations, according to San Francisco Property and License Records.
Photos of the stucco and brick house with a slate roof are rare, but real estate records paint a portrait of the house: on the first floor, an office, a media room, a half-bathroom, a laundry room and a cloakroom, wine cellar and wet bar.
It is not known how many bedrooms and bathrooms the home has, but it has 23 bedrooms in total over four floors on 0.22 acres of land, according to San Francisco real estate records.
The $ 2.4 million renovation of the 1928 property included remodeling the kitchen and bathrooms, replacing and repairing the stucco and brick exterior, securing fires and earthquakes , installation of air conditioning, relocation and renovation of windows and replacement of the slate roof, according to permit files.
He added the first, second and third floors, and added the fourth floor as a living level with a bathroom and a glass terrace, according to property records.
The renovations sparked six complaints from neighbors, including complaints about noise, dust, parking, trash, construction debris and license violation allegations, which were dismissed or addressed by inspectors and city staff. according to the records.
Half a block from suburban Silicon Valley
Palo Alto, Calif.: $ 66 million
Mr. Zuckerberg owns at least 1.83 acres, or about half a block, in Palo Alto, California.
He paid $ 67.9 million for the redwood, magnolia, and ginkgo-lined lots on large front yards. Together, the homes span nearly 20,000 square feet with 15 bedrooms and more than 16 bathrooms, according to property records.
The main house is a 5,617-square-foot, five-bedroom, five-bathroom, parquet floor home on 0.41 acre, which he purchased for $ 9 million in 2011, a year before his marriage to Ms. Chan, according to Architectural summary.
The Colonial Revival style clapboard house is the oldest house in Palo Alto, with parts of the wood-frame structure dating from the 1860s, according to a report from the Historical Resources Council of the City of Palo Alto.
Today the mansion has a saltwater swimming pool, veranda, entertainment pavilion, fireplace, barbecue area, spa, front and back porches and some unusual equipment – like a “Facebook Cannon” that throws gray T-shirts and an AI assistant with the voice of Morgan Freeman, according to Architectural summary, which Mr. Zuckerberg himself built, according to FastCompany.
He used the other four houses as guesthouses and recreational facilities, according to a Architectural review commission Meet.
In 2016, he proposed to demolish the four residences and replace them with 20% smaller houses to expand the outdoor space of their main property. But the Palo Alto Architectural Review Board rejected her claim in part because the homes were not “credible” single-family homes.
“What I find here when I look at these plans is that none of them are really residential in my book. A residence is something where a family lives. One person resides in this residence. And these are not residences. These are part of a larger complex, ”Peter Baltay, member of the Architecture Review Board, told the meeting.
The news of the neighbors’ complaints in San Francisco also made its new neighbors suspicious, emails show, although the builders said they minimized the impact on the neighborhood in their plans, they emphasized this during the review committee meeting.
Thousands of acres of Hawaii
Kauai, Hawaii: over $ 267 million
Mr. Zuckerberg seems to like Hawaii. In fact, he can’t help but buy land, including 1,400 acres.
In 2014, he spent $ 155 million on 707 acres, including most of Pila’a Beach and the Kahu’aina Plantation, which the local newspaper said The garden island, including a 6,100-square-foot home with a 16-car garage and offices and a security seat, part of Zuckerberg’s $ 30.7 million security team.
Mr Zuckerberg first underwent local scrutiny for erecting walls and blocking access to the beach after this purchase, The garden island reported.
In 2017, Mr. Zuckerberg came under national scrutiny when he filed a covert title lawsuit to purchase plots of land within his estate. Called kuleana plots, these landlocked plots of land were allotted to native Hawaiian farmers in 1850 and passed down from generation to generation, local reports explained.
Mr Zuckerberg withdrew the lawsuits after a public backlash, but he will spend $ 60.5 million on 89 acres covering at least 12 kuleana plots, according to local reports, including Gary Stewart’s 79.8 acres for $ 44.5 million of dollars, according to Pacific Business News.
In March, the couple spent $ 70 million to add another 600 acres to their portfolio.
Mr Zuckerberg was recently spotted hitting waves, throwing spears and donning copious amounts of sunscreen on the islands, in addition to their contributions to the Chan Zuckerberg Kaua’i Community Fund of the Community Foundation of ‘Hawaii.
Two vacation homes in the desert
Lake Tahoe, California: $ 78.8 million
In 2018, Mr. Zuckerberg spent $ 78.8 million on two Lake Tahoe homes – the Brushwood and Carousel estates. Together, the estates span nearly 10 acres.
The Brushwood Estate has a 5,322 square foot, six bedroom, five bathroom home on six acres of land. It has about 400 feet of lakefront, private jetty, patios, guest house and garage, according to permit files. The main house has pointed roofs with exposed light wood beams as shown in the photos.
In a former life, the house hosted the Oscar de la Renta fashion show and the Lake Tahoe Summer Music Festival, according to Realtor.com.
The Carousel Estate has an eight-bedroom, nine-bathroom home on 3.5 acres. It has 200 feet of lakefront, a marina-style pier, a walkway and a two-car garage, plus a guesthouse and caretaker’s apartment, according to Realtor.com and permit files.
It originally had three separate cabins in the 1930s which were connected and extended in the 1950s. The gatehouse was built in 1967, and the house underwent further modifications in the 1970s and 1998 , according to historical condition inspection, who determined that the property was not historic.
Lake Tahoe, which straddles the California-Nevada border, has been a celebrity favorite for decades, with residents and vacationers including Frank Sinatra, Kim Kardashian, and Gene Simmons.
The first houses
Rentals in Harvard, LA and suburbs of New York
Mr. Zuckerberg was born and raised in Dobbs Ferry, New York, by a dentist and psychiatrist. He has three sisters, according to New York magazine.
After leaving his Harvard dorm to start Facebook, the man who inspired the 2010 film Social network rented out a few places in Silicon Valley – and even tried paying in Facebook shares, said a former owner (who chose to take money from the young entrepreneur) The post office.
This article originally appeared on New York Post and has been reproduced with permission