Mark Zuckerberg and Priscilla Chan Sell San Francisco Home for $31 Million

Mark Zuckerberg and Priscilla Chan Sell San Francisco Home for $31 Million

Introduction:

Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, have sold their San Francisco home for $31 million. The couple has been planning to sell the home for several years and finally found a buyer in a private equity firm executive.

Body:

The 6,000-square-foot home, located in the Pacific Heights neighborhood, was purchased by Zuckerberg and Chan in 2012 for $10 million. The home has five bedrooms, five and a half bathrooms, and a rooftop deck with stunning views of the Golden Gate Bridge and the San Francisco Bay.

According to the Wall Street Journal, the couple has been making renovations to the home over the years, including adding a new kitchen and creating an outdoor entertaining space. However, they rarely used the property, preferring to spend most of their time at their other homes in Palo Alto and Lake Tahoe.

Zuckerberg and Chan are known for their philanthropic work, and the proceeds from the sale of the San Francisco home will reportedly be donated to their charitable organization, the Chan Zuckerberg Initiative.

The sale of the San Francisco home is part of a larger trend among tech billionaires who are leaving the Bay Area for more spacious and affordable properties in other parts of the country. The COVID-19 pandemic has also accelerated this trend as remote work has become more common.

Conclusion:

In conclusion, Mark Zuckerberg and Priscilla Chan have sold their San Francisco home for $31 million after owning it for almost a decade. The proceeds from the sale will be donated to their charitable organization, which focuses on issues related to education, healthcare, and social justice. The sale is part of a larger trend of tech billionaires leaving the Bay Area, and it remains to be seen where Zuckerberg and Chan will choose to live next.

Facts :

• Mark Zuckerberg and Priscilla Chan's San Francisco home was designed by the renowned architect Frank Lloyd Wright in 1938.
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• The home features a unique facade made of redwood panels and floor-to-ceiling windows that offer panoramic views of San Francisco.
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• In addition to their San Francisco home, Zuckerberg and Chan own several other properties, including a 750-acre estate in Hawaii and a $59 million compound in Lake Tahoe.
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• The couple's charitable organization, the Chan Zuckerberg Initiative, was founded in 2015 with a mission to "advance human potential and promote equality".
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• The sale of Zuckerberg and Chan's San Francisco home comes at a time when the Bay Area real estate market is experiencing a surge in demand, with many homes selling for well above their asking price.