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PayPal co-founder Peter Thiel scored another payday with the sale of his luxurious home in San Francisco for $7.4 million, according to SocketSite.
The billionaire investor didn’t fare as well as he’d hoped on the property. The posh estate is a combination of two addresses, resulting in a large five-bedroom, six-bathroom home. It initially went on the market in 2016 for $9.25 million, with the price dropping to $8 million later that year.
The 51-year-old had purchased the home—located in the upscale Marina District—for $6.5 million in 2010. He then embarked on a major renovation with Remick Architects and Master Builders.
Peter Thiel sold his San Francisco home
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Chef’s kitchen
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Sitting area and dining room with view of the Palace of Fine Arts
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Master suite with sitting area and deck access
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Roof deck with view of the Palace of Fine Arts
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Penthouse lounge with deck access
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The three-story custom home has been updated throughout, and features close-up views of two iconic landmarks, the Palace of Fine Arts and the Golden Gate Bridge. The living room has French doors that open to a patio with a built-in barbecue, perfect for outdoor entertaining. The chef’s kitchen includes a separate entry that opens to the family room.
The layout includes two master suites, a library, penthouse lounge, and roof deck. The lower level contains an additional bedroom suite, and French doors that open to a garden. The home is close to the Presidio, Chrissy Field, the St. Francis Yacht Club, as well as bars, restaurants, and boutiques in the popular neighborhood.
Thiel co-founded PayPal, which was sold to eBay for $1.5 billion in 2002. An early backer of Facebook, he also co-founded Palantir Technologies and Founders Fund. The libertarian also financed the lawsuit of Hulk Hogan (Terry Bollea) against the gossip site Gawker, leading to its bankruptcy.
The post Billionaire Peter Thiel Sells Sumptuous San Francisco Home for $7.4M appeared first on Real Estate News & Insights | realtor.com®.
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