Mark Zuckerberg and Priscilla Chan are selling their San Francisco home for $31 million

Mark Zukerberg

Mark Zuckerberg and Priscilla Chan have sold their San Francisco home for $31 million in an off-market transaction, a family spokesperson has confirmed. According to Zilllow, the deal is San Francisco's most expensive deal this year. His 7,386-square-foot home, built in 1928, has four bedrooms and his four bathrooms, and sits on the edge of the Mission and Dolores Heights neighborhoods. 

The sale he closed on July 1, but records of the transaction have just been released. The Facebook and Meta co-founder, 38, and his wife, 37, bought the house for less than $10 million in 2012 through SFRP, a California-based limited liability company, according to PropertyShark records. .

 The sales contract between the seller and the buyer was signed on behalf of SFRP by his Na'eem Salaam, Vice President of Operations for the Chan Zuckerberg Initiative. Officials at the organization confirmed the deal, but Zuckerberg and Chen were not available for comment.

 PropertyShark's records show that the purchaser was a limited liability company headquartered in Delaware. Mansion Global is no longer able to identify the buyer, but Michael M. Gordon, director of the Wilmington law firm of Gordon, Fournaris and Mammarella, has listed them as LLC contacts. He did not immediately respond to a request for comment. 

When the couple bought the home a decade ago, it was about 1,800 square feet, and its sale price would have set a Mission District record when San Francisco was showing early signs of a tech buyout, according to the Wall Street Journal. at this time.

 Founded in 2015, the Chan Zuckerberg Initiative aims to "solve society's toughest challenges, from combating disease and improving education to meeting the needs of local communities." Chan and Zuckerberg are co-founders and co-CEOs. 

Mansion Global reported in March that it had purchased nearly 600 acres of land on the Hawaiian island of Kauai for $53 million. This brings the total land owned by the island of Hawaii to over 1,300 acres. The Silicon Valley home where Zuckerberg and other Facebook co-founders launched their social media platform also went on sale in May for nearly $5.3 million. The price fell below $5 million a few weeks after the IPO and disappeared from the market earlier this month. 

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