Mark Zuckerberg is selling his San Francisco home for $31 million

Tech billionaire Mark Zuckerberg has sold his sprawling San Francisco home for $31 million, more than tripling his money since he reportedly bought the house for around $10 million a decade ago.

The sale was confirmed by a deed filed with the city earlier this month, which was signed by an executive of Facebook co-founder Chan Zuckerberg’s eponymous initiative.

The off-market sale of Zuckerberg’s 21st Street home, located on Liberty Hill near Dolores Park, was first reported by real estate news site The Real Deal. The $31 million price, calculated based on tax assessments cited in the deed, appears to be the most expensive home sale in San Francisco this year, edging out last week’s $29 million sale of two condos. penthouse once owned by former Secretary of State George Shultz. and his wife, former San Francisco Chief of Protocol Charlotte Shultz

It’s also the latest example of how tech moguls are growing their influence in global real estate and how high the prices of celebrity homes in San Francisco can rise. In total, Forbes reported that as of early spring, the Bay Area was home to 116 of California’s 189 highest billionaire residents.

“Why does California reign supreme? Forbes wrote in its April Billionaire Update. “Thanks to the booming tech industry.”

The Shultz sale broke city records as the most expensive condo sale in San Francisco history. Earlier industry reports note that at least one other San Francisco home, a home in Tony Pacific Heights, previously traded for nearly $40 million.

Despite the staggering sales numbers, details about Zuckerberg’s former home remain relatively sparse. The Dolores Heights home was bought and sold by an entity listed as “SFRP LLC,” which The Real Deal says is also tied to a property owned by Zuckerberg in Palo Alto. The San Francisco home was purchased by an equally opaque Delaware LLC.

It was originally listed as a 7,200 square foot four-bedroom home, but underwent a famous renovation that drew the ire of not-so-thrilled neighbors from the tech mogul’s presence and construction noise. In 2016, some complained that Zuckerberg’s security department was hogging “desirable parking spots.”

Other Silicon Valley tycoons, including entrepreneur and venture capitalist Vinod Khosla, have courted controversy by buying up and attempting to privatize areas around Bay Area resorts. Others are also looking to cash in: Sun Microsystems co-founder Scott McNealy recently dropped the price of his Peninsula mansion to just under $54 million.

In addition to his expensive Bay Area homes, Zuckerberg reportedly owns $59 million side-by-side mansions on the Nevada side of Lake Tahoe, as well as some 1,500 acres on the Hawaiian island of Kauai.

San Francisco Chronicle writer Roland Li contributed to this report.


Lauren Hepler (her) is a staff writer for the San Francisco Chronicle. Email: lauren.hepler@sfchronicle.comTwitter: @LAHepler

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