Facebook (NASDAQ:META) founder Mark Zuckerberg has sold his Woodside (OTC:WOPEY), California home for $29.6 million, significantly above the estimated value of $13.5 million, according to recent findings by The Robert Dekanski Team. The transaction, which closed on March 4th, 2024, marks a notable event in the local real estate market.
The European-inspired residence spans 3.5 acres and features four bedrooms, 3.5 baths, and luxury amenities such as an outdoor fireplace, a grill station, and a spa. The sale price translates to roughly $6,100 per square foot, a figure that vastly exceeds the average house price in San Mateo County.
Zuckerberg, whose net worth is reported at $178.6 billion, acquired the property for an undisclosed amount in December 2021. His real estate portfolio, valued at approximately $320 million, includes properties across California and Hawaii.
A spokesperson for The Robert Dekanski Team noted that the sale price not only eclipses the average house price in the county but also exceeds the property's estimated worth by over $16 million. This has prompted discussions among industry professionals about the potential for increased investment and economic activity in Woodside, a town already home to business figures like Tom Siebel and Hazuo Hirari.
The details of the property were sourced from the original Redfin (NASDAQ:RDFN) listing. This sale adds to Zuckerberg's reputation for turning high-end investments into substantial profits and raises curiosity about future real estate dynamics in the Woodside area.
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