Facebook's Zuckerberg buys $7 million house

Celebrity renter is a renter no more. The new Palo Alto, Calif., estate has a privacy wall, a saltwater pool and a gazebo with a fireplace.

By Teresa at MSN Real Estate May 6, 2011 12:09PM

One of the nation's most famous celebrity renters has bought a home.

 

Facebook founder Mark Zuckerberg reportedly paid $7 million for a 5,617-square-foot home in Palo Alto, Calif., an easy commute to the new Facebook offices in Menlo Park – though not quite as close his previous rental home was.

Zuckerberg's new place has five bedrooms, five baths and two half-baths, a saltwater pool, a spa and a gazebo with a fireplace. You can read all the details and see photos here.

 

He paid considerably more than the $5.85 million asking price. Real estate is expensive in Palo Alto, the home of Stanford University. According to the real-estate website Trulia, the median sale price from January to March 2011 was $806,500 and the median asking price in the last week of April was $1.62 million.

 

The Facebook founder turns 27 this  month, an age at which many people still rent their domiciles. He lives with his girlfriend, Priscilla Chan.

 

According to Palo Alto Online, the house is the second-oldest house in Palo Alto, though it has been extensively remodeled and added on to over the years. The last renovation was in 2007.

The house was built in 1866 as a Victorian cottage for Palo Alto pioneer Dr. William A. Newell. The house sat empty for 15 years after the Newells died, and Dr. Alexander McIntyre rebuilt it, using some of the original materials in 1906. State Sen. Marshall Black bought the house in 1909, then spent three years in prison for embezzlement.

The house is on a 17,117-foot lot surrounded by a wall, set back from the street with lots of trees. The estate was advertised as "offering the ultimate in privacy." Among the home's features are a home office with dual work stations and floor-to-ceiling windows.

 

The Los Angeles Times interviewed one of Zuckerberg's new neighbors, Kenneth Regenos, a retired aerospace engineer who has lived on the street for 45 years, who said, "We'll be happy to have him here." Neighbors are friendly, but not too friendly, he told the Times, saying the last block party was in 1976.

Tags: celebrity
 
36Comments
May 6, 2011 4:14PM
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Love Daddy..Uou are an #ss! Didn't know 7 million for a house was cheap.  News to me. Funny how many jews are smart and rich...Bet you wish you were one you anti semite!!!  You should be kicked off here and off the planet for that matter.
May 6, 2011 4:10PM
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Good for him. He has the money and Palo Alto is a beautiful area.
May 6, 2011 3:50PM
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No, teacher is a realist who sees every day how much we should be doing and yet all of our energy is spent making this 27 year old richer .  Really?  Aren't there more important things to put our money into - like education?
May 6, 2011 3:28PM
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love daddy, take your racist bull$%^& somewhere else.you don't have to be jewish to be frugal, moron.
May 6, 2011 3:28PM
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It sure did take him long enough to buy a house I know if I had all that money I sure wouldn't be renting anymore. And to the one that was wondering where facebook gets it money well advertising is the biggest form of revenue if you thought companies paid millions of dollars for a 15 minute spot for the super bowl how much you think they pay for on a site that has millions of people for traffic each and every day. Plus even though you can play some of the apps on facebook for free there are services dealing with some of them that fo have paid services. Look in the game isle at Wal-Mart there is gift cards for facebook there not to mention farmville and all those other games that people sit and play all the time. For teacher you are just hating Mark is actually really smart you can't sit there in a room and code something the way he did and be a stupid get a clue writing code for a web site is not easy I know I am in school for it right now. Congrats Mark on the new house hope you and your girl enjoy it and live to the fullest.

May 6, 2011 3:25PM
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It is actually a beautiful house and it's nice to see he has a taste for the past. He could have bought something vulgar and everyone would have been saying what a show-off. But he bought a modest home that is quite enough for two people to live in.

But I still don't get him making that kind of money off of this toy thing. He better hold onto some of it because someone will come along with something else and FB will go to the wayside too.

May 6, 2011 3:22PM
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I"m not mad at the boy ride it till the wheels fall off
May 6, 2011 3:17PM
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good for him. smart kid comes up with a smart idea and promotes it sucessfully and make billions. nothing wrong with that . remember the light bulb. and to the person who said he is a snot nosed puke. how do you know? do you know him personally? most people i have come across with reactions like that are JEALOUS of someone elses success.
May 6, 2011 3:01PM
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ARE YOU KIDDING ME? That house looks like it's for someone who is 72 not 27!....LOL
May 6, 2011 2:34PM
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Pretty modest for a Billionaire.   Although, security has to be a fortune.
May 6, 2011 2:34PM
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How a snot-nose little puke could create the dumbest thing around and become a multi-millionnaire is beyond me.  Just goes to show you. . .  the more stupid **** you do, the richer you become.  What is this world coming to ?
May 6, 2011 2:08PM
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Mark himself like Facebook, is phenomenal and I'm convinced he deserves all the best Almighty God has to offer. Before the advent of Facebook,I had a lot of difficulty linking my highschool friends all over the world.We hadn't seen since 1977 after we all graduated and went our different ways. Not all addresses are listed on the Yellow pages. Zuckerberg's ingenuity changed all that and like one of them who resides in Canada said(and I agree),Facebook is phenomenal. Mark is precisely a prodigy .Hey Big Guy ,You,Your Girlfriend, Partner and Facebook can only get better. Absolutely.LOL
May 6, 2011 1:51PM
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This guy is worth Billions and he buys a, by the way the listing says 5.8 million, where did the article come up with 7 million? I guess they added the taxes for him, liberal media for you, anyhow he does not seem like he is letting the money get to him, most others would have bought a 50 million dollar castle to say to the world look at me!
May 6, 2011 1:50PM
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I too need to be educated how he and face book get their money. It's baffling to me . I understand corporate finance and IPOs' and the such.  I certainly can't believe it's sole income is from advertising. While I think the concept of a live lifetime yearbook is ingenious, I just don't get where the money is at if the user's aren't charged a fee for using it ????

May 6, 2011 1:34PM
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I guess he earned his money he is free to use it however he wishes. Heck yeah I'm jealous I live in poverty.
May 6, 2011 1:26PM
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Please, sombody educate me how he or facebook get the money, I would not pay anything for it.
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