California

Mark Zuckerberg sells San Fran mansion that sparked neighbour feud for $31MILLION – and he only paid $10million in 2012

MARK Zuckerberg has snapped up his sprawling San Francisco home for $31 million, the city’s most expensive home sale this year.

The Facebook co-founder and his wife Priscilla Chan scooped up the property for $10 million in 2012.

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Mark Zuckerberg has sold his home in San Francisco for $31 millionCredit: Google Maps

The couple have since drawn the ire of their neighbors with renovations costing millions of dollars.

Zuckerberg38, and Chan quietly sold their Golden City pad in an off-market deal, according to the Real Deal.

The buyer of property is based in Delaware and the paperwork for the house was sent to an estate planning attorney, Michael Gordon.

The house located in the affluent Dolores Heights neighborhood was originally listed as a 7,200 square foot, four-bedroom property.

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It was later renovated with the addition of a laundry room, wine room, wet bar and greenhouse, along with other upgrades, according to SFGate.

The deal marks the largest home sale in San Fran this year, beating out a pair of penthouses that sold last week for a combined $29 million.

Those properties once belonged to the late Secretary of State George Shultz, the Real Deal reported.

The deed filed on the house was signed by the vice president of operations for the Chan Zuckerberg initiative, according to TRD.

Zuckerberg, who is CEO of Metathe parent company of Instagram, WhatsApp and Facebook, is worth an estimated $60 billion.

He is currently the 20th richest person in the world.

In 2014, the 38-year-old upset locals who complained about the renovation construction on his San Francisco home.

Neighbors took issue with construction noise and Zuck’s security detail hitting local parking lots.

A letter obtained by BuzzFeed at the time claimed that the security team was “permanently” and “illegally” occupying “desired parking spaces” in the area with two silver SUVs.

“I think we all tried to be as patient and civil as possible during the very long construction, the noise, the trash, the blocking of streets, etc.,” the letter begins.

It continues: “Now that all that circus is over, we’re left with 2 silver SUVs permanently occupying desirable parking spaces.

“It goes without saying that living near Dolores Park and the awesome neighboring districts already creates a challenge when it comes to street parking, so the 2 spots being held illegally for Zuck only makes it worse.”

Zuck’s spokesperson told BuzzFeed that the cars were parked legally.

“The security team’s vehicles are parked in accordance with local parking laws. The team strives to be sensitive to the concerns of neighbors and regrets any inconvenience,” the spokesman said.

It is one of many houses owned by the Meta boss.

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His large property empire includes a $37million five-house compound in Silicon Valley and a 1,500 hectares of Hawaii estate.

His real estate portfolio, which includes a total of 10 homes in Palo Alto, San Francisco and Lake Tahoe, is estimated to be worth $320 million.

Mark Zuckerberg is worth an estimated $60 billion

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Mark Zuckerberg is worth an estimated $60 billionCredit: Getty

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Mark Zuckerberg sells San Fran mansion that sparked neighbour feud for $31MILLION – and he only paid $10million in 2012 Source link Mark Zuckerberg sells San Fran mansion that sparked neighbour feud for $31MILLION – and he only paid $10million in 2012

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