Remote work? No downside for Mark Zuckerberg.
The 37-year-old Facebook founder plans to work remotely for as much as half of 2022, the Wall Street Journal reported last week — and his $320 million real estate portfolio is greater than capable of accommodate his work-from-home way of life.
The centibillionaire owns about 1,400 acres and 10 homes in Palo Alto, San Francisco, Lake Tahoe and Hawaii. He has a historical past of not getting alongside along with his neighbors, from construction noise complaints in San Francisco to a petition against “colonization” due to his growing Hawaii real estate portfolio.
The properties are hardly a dent in his estimated $120 billion internet value, which locations him because the fifth richest individual on the earth, according to Forbes.
He has two youngsters along with his spouse Priscilla Chan, 5-year-old Maxima and 3-year-old August. They mentioned having youngsters impressed them to pledge to give 99% of their Facebook shares away, although many have criticized billionaires for exacerbating inequality.
A household spokesperson confirmed the residences to The Post, and identified “Mark and Priscilla’s work with the community in Kauai.”
A loud townhouse overhaul
Dolores Heights, San Francisco | $11.83 million
Zuckerberg spent $10 million on this now-7,368-square-foot home in November 2012, plus an extra $1.8 million in renovations, according to San Francisco property and permit records.
Photos of the stucco and brick house with a slate roof are scarce, however property information paint a portrait of the house: on the primary ground, an workplace, media room, half-bathroom, a laundry room and mudroom, a wine room and a moist bar.
It is unknown what number of bedrooms and loos the home has, nevertheless it has 23 whole rooms on 4 flooring on a 0.22-acre lot, in accordance with San Francisco property information.
The $1.8 million renovation of the 1928 property included transforming the kitchen and loos, changing and repairing the stucco and brick exterior, making it hearth and earthquake secure, putting in air-con, transferring and renovating home windows and changing the slate roof, in accordance with allow information.
He added to the primary, second and third flooring, and added the fourth ground as a liveable degree with a rest room and a glass roof deck, in accordance with property information.
The renovations solicited six complaints from neighbors, together with noise, mud, parking, littering, development particles and alleged allow violation complaints, which had been dismissed or mediated by inspectors and metropolis workers, according to records.
Half a block of suburban Silicon Valley
Palo Alto, California | $50 million
He paid $50.8 million for the heaps lined with redwood, magnolia and Ginko bushes on massive entrance yards. Combined, the properties span virtually 20,000 sq. toes with 15 bedrooms and greater than 16 loos, in accordance with property information.
The main house is a 5,617-square-foot five-bedroom, five-bathroom wood-floored house on 0.41 acres, which he bought for $7 million in 2011, a yr earlier than he married Chan, according to Architectural Digest.
The colonial revival, clapboard-sided home is the oldest house in Palo Alto, with components of the wooden body construction relationship to the 1860s, in accordance with a City of Palo Alto Historic Resources Board report.
Today, the mansion has a saltwater pool, a sunroom, an leisure pavilion, a fire, a barbecue space, a spa, back and front porches and a few uncommon facilities — like a “Facebook Canon” which launches grey T-shirts and an A.I. assistant with the voice of Morgan Freeman, in accordance with Architectural Digest, which Zuckerberg constructed himself, according to FastCompany.
He used the opposite 4 properties as visitor homes and leisure services, according to an Architectural Review Board meeting.
In 2016, he proposed to demolish the 4 residences and exchange them with 20% smaller homes to develop outside area for his or her main property. But the Palo Alto Architectural Review Board denied his request partially as a result of the homes weren’t “credible” single-family properties.
“What I’m finding here when I look through these plans is that none of these are really residential in my book. A residence is something where a family lives. A person resides in that residence. And these are not residences. These are part of a larger compound,” mentioned Architectural Review Board member Peter Baltay on the assembly.
News of neighbors’ complaints in San Francisco additionally made his new neighbors cautious, emails show, although builders mentioned they minimized neighborhood affect of their plans, they outlined within the evaluate board assembly.
Thousands of Hawaii acres
Kauai, Hawaii | Over $200 million
Zuckerberg appears to like Hawaii. In reality, he can’t cease shopping for up land — 1,400 acres of it.
In 2014, he spent $116 million on 707 acres together with most of Pila’a seaside and Kahu’aina Plantation, which, in accordance with native newspaper the Garden Island,” features a 6,100-square-foot home with a 16-car storage and places of work and safety headquarters, part of Zuckerberg’s $23 million security team.
Zuckerberg first underwent native scrutiny for placing up partitions and blocking seaside entry after this buy, the Garden Island reported.
In 2017, Zuckerberg underwent nationwide scrutiny when he filed quiet-title lawsuits to purchase pockets of land inside his estate. Called kuleana parcels, these landlocked patches of land had been granted to native Hawaiian tenant farmers in 1850 and handed down by generations, local reports explained.
Zuckerberg withdrew the lawsuits after public backlash, however he nonetheless spent $45.3 million on 89 acres spanning no less than 12 kuleana parcels, according to local reports, together with 79.8 acres from Gary Stewart for $33.3 million, in accordance with Pacific Business News.
In March, the couple spent $53 million to add 600 more acres to their portfolio. Zuckerberg has just lately been noticed hitting the waves, hurling spears and donning copious amounts of sunscreen on the islands, along with their contributions to the Chan Zuckerberg Kaua‘i Community Fund of Hawai‘i Community Foundation.
Dual desert trip properties
Lake Tahoe, California | $59 million
In 2018, Zuckerberg spent $59 million on two Lake Tahoe properties — the Brushwood and Carousel estates. Together, the estates span virtually 10 acres.
The Brushwood estate has a 5,322-square-foot, six-bedroom, five-bathroom house on 6 acres of land. It has roughly 400 toes of lakefront, a personal pier, patios, a visitor home and a storage, according to permit records. The major home has peaked roofs with light-wood beamed ceilings, pictures present.
In a former life, the house hosted the Oscar de la Renta vogue present and the Lake Tahoe summer season music pageant, according to Realtor.com.
The Carousel estate has an eight-bedroom, nine-bathroom house on 3.5 acres. It has 200 toes of lakefront, a marina-style pier, a breezeway and a two-car storage, plus a guesthouse and a caretaker’s condo, according to Realtor.com and allow information.
It initially had three separate cabins within the ’30s that had been related and expanded within the ’50s. The caretaker’s home was in-built 1967, and the home had additional modifications within the ’70s and in 1998, according to historical status inspection, which decided the property not historic.
Harvard, LA leases and New York suburbs
Zuckerberg was born and raised in Dobbs Ferry, NY by a dentist and a psychiatrist. He has three sisters, according to New York Magazine.
After leaving his Harvard dorm room to begin Facebook, the person who impressed the 2010 movie “The Social Network” rented just a few locations in Silicon Valley — and even tried to pay in Facebook inventory, a former landlord (who opted to accept cash from the young entrepreneur) told The Post.