Advertising Console

    Why Facebook’s Founder Bought Four Neighboring Homes

    Repost
    Geo Beats

    by Geo Beats

    3.2K
    51 views
    Facebook founder and CEO Mark Zuckerberg just purchased all four properties neighboring his 5-bedroom home in Palo Alto, California.

    So many people get stuck in the scenario of buying the home of their dreams only to find something suddenly objectionable on a neighboring property – whether it be a stockpile of junk cars on the front lawn or a new strip mall. But this won’t be a problem for Facebook founder and CEO Mark Zuckerberg. He just purchased all four properties neighboring his 5-bedroom home in Palo Alto, California.

    The 29-year-old Harvard drop-out, who is worth $19 billion according to Forbes, received word that a developer was looking to buy one of the neighboring properties, build a mansion, and market it with Zuckerberg’s name as the neighbor.

    Paying more than $30 million total for the four houses, Zuckerberg is allowing the families who live there to stay through leases. One of the houses cost more than $14 million for 2,600 square feet.

    Though many local real estate agents are saying the sale amounts are “absurdly high,” others explain that it’s not surprising if the owners didn’t want to sell and the price had to go up to get them to agree to the sale.

    A couple years ago, Zuckerberg paid about $7 million for his current 5,000 square-foot home.