More details have emerged on Facebook co-founder and CEO Mark Zuckerberg’s purchases of real estate on Kaua’i’s North Shore in Hawaii, as sources confirmed to Forbes that Zuckerberg shelled out more than $100 million for two adjacent parcels of land, encompassing more than 700 acres.
Facebook co-founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, live in Palo Alto, Calif., and own a second home in San Francisco. And now, according to a report by Pacific Business News, the North Shore of Kaua’i in Hawaii is next on the list.
Facebook Co-Founder and CEO Mark Zuckerberg spent more than $43 million last October to buy four homes adjacent to his residence in Palo Alto, Calif., in the interest of protecting his privacy, but he is now facing a lawsuit filed by Mircea Voskerician, a developer who planned to build on one of the lots behind Zuckerberg’s home.
Irony at its best: On the same day that Facebook users are lashing out about another change to the social network’s privacy settings, the San Jose Mercury News reported that Facebook Co-Founder and CEO Mark Zuckerberg spent more than $30 million to buy four homes that are adjacent to his residence in Palo Alto, Calif., in the interest of protecting his own privacy.
A wide range of opinions exists on whether all of the data Facebook has on its users is a good thing, but it could turn out to be a very good thing for Facebook users looking for places to live, as RentalRoost, a San Francisco Bay-area-based website that incorporates Facebook data into its rankings of available properties, prepares to go nationwide later this month.
Facebook applications have been useful tools in the real estate sector, and N-Play, which specializes in those types of apps, rolled out a turnkey solution for agents to market themselves and their listings on the social network.
Facebook Co-Founder and CEO Mark Zuckerberg is pretty smart when it comes to real estate, as well, refinancing the mortgage on his home in Palo Alto, Calif., with a 30-year adjustable-rate loan starting at 1.05 percent, according to reports.
It’s been deemed the Facebook effect: The term is now being used to describe the electrifying jolt to the Silicon Valley real-estate market that the much-anticipated Facebook initial public offering is predicted to cause.
Looking for a roommate? Facebook can help, thanks to startup Friends with Rooms.