Facebook CEO buys a $7 million house

Facebook CEO buys a $7 million house

Summary: Facebook CEO Mark Zuckerberg has purchased a new $7 million house in Palo Alto.

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Facebook CEO Mark Zuckerberg has purchased a new 5,617 square foot house in Palo Alto. Public records show the property in question sold in mid-March for $7,000,000. Here's a description of the place, courtesy of Real Estalker:

The turn-of-the-century residence, set well back from the street behind walls and privacy hedges, was originally built in 1903 and remodeled and expanded over the years. The previous owners–who reportedly still occupy the home as of yesterday–gave the property a complete and expensive overhaul a few years ago that included the addition of an entertainment pavilion with outdoor fireplace and built-in barbecue and a lap-lane salt water swimming pool and spa.

A wide rocking chair porch leads to and impress-the-guests entrance hall and reception area, a formal living with fireplace, banquet hall sized dining room, wood-paneled family room with built-in cabinetry and a large center-island kitchen that opens into a glassed-in sun porch. The master bedroom includes a bathroom with twin Carrera marble topped vanities, separate soaking tub and shower and heated floors for tootsie warming on those chilly and damp NorCal mornings.

The house features a saltwater pool, a music alcove, five bedrooms, five full and two half bathrooms, a glassed-in sunroom, and a spacious porch. It is also a convenient 10-minute drive away from the company's soon-to-be headquarters, according to Mercury News. As a reminder, Facebook's headquarters are currently in Palo Alto, California, but will be moved to Menlo Park, California, in June 2011.

Although he isn't expected to move in for several months, it's almost fitting that Zuckerberg is also settling down. Long after becoming a billionaire, Zuckerberg still rented modest places to live (and claimed to have found all of them on Craigslist), but now the young man finally become a first-time homeowner. The company's CEO has lived in Palo Alto almost the whole time since he moved Facebook from his Harvard dorm room to Silicon Valley back in 2004.

I normally couldn't care less about what celebrities are doing, but Zuckerberg happens to be mildly relevant to to the future of Facebook. I'm just wondering: did the 26-year-old pay in cash?

Topics: CXO, Social Enterprise

Emil Protalinski

About Emil Protalinski

Emil is a freelance journalist writing for CNET and ZDNet. Over the years,
he has covered the tech industry for multiple publications, including Ars
Technica, Neowin, and TechSpot.

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9 comments
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  • RE: Facebook CEO buys a $7 million house

    I figure so it is quite easy to become a billionaire when you have an unlimited money tree i.e the US goverment. I believe Mr. Assange said it best quote " Facebook is the most appalling spy machine that has ever been invented " end quote.
    MLHACK
  • That is a $7 million house?

    I bet that claim is as "real" as the value of Facebook.

    Sorry, but even in CA standard that is not even close to be a $7M house.
    wackoae
  • RE: Facebook CEO buys a $7 million house

    That house is 7 million???? that's all you get??? wow here in Texas you can get a similar house for 250k
    Hasam1991
    • It is $7M in Facebook value

      @Hasam1991. Not even in California would that house sell for $7M.
      wackoae
    • RE: Facebook CEO buys a $7 million house

      @Hasam1991 Yeah, Palo Alto home prices have no basis in reality compared to the rest of the world.
      BillDem
  • RE: Facebook CEO buys a $7 million house

    I think he was taken. Obviously someone stole his money just like he stole FaceBook.
    mjweiner
  • RE: Facebook CEO buys a $7 million house

    I looked at a similar house here in Florida except it was on a navigable waterway 20 minutes from the ocean. Price - $1.1 million
    bclomptwihm
  • RE: Facebook CEO buys a $7 million house

    wow, amazing.. did he get quite/peaceful sleep in this home????
    $ach!n
  • RE: Facebook CEO buys a $7 million house

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