Facebook's Mark Zuckerberg Purchased House for $7 Million

Mark Zuckerberg is, at age 26, on the young side for a first-time home buyer these days. But the Facebook cofounder and chief executive isn’t exactly stretching financially to make his first purchase. Valued at $13.5 billion, and with a persona made famous by the Oscar-winning film The Social Network, Zuckerberg recently plunked down a relatively paltry $7 million for his first home.

The restored historic Palo Alto, Calif. abode encompasses 5,617 square feet on a 17,100 square-foot plot. It includes five bedrooms, five and a half baths, a banquet-size dining room, a music alcove and glassed-in porch. The backyard has a saltwater pool, a spa, an outdoor gazebo with a wood-burning fireplace and a carport. The lot, located on Edgewood Drive in the Crescent Park neighborhood, is shielded from nosy neighbors and gawkers by a wall and citrus trees. Crescent Park itself is a high-end neighborhood where median single-family homes went for an average of $1.9 million in February, according to the Zillow Home Value Index.