Facebook co-founder and CEO, Mark Zuckerberg, took everyone by surprise when he revealed himself as a month-to-month renter of a house in the College Terrace neighborhood of Palo Alto, CA. He even let America take a quick tour, allowing Oprah’s camera crew inside his home for an exclusive look at his modest digs. When the 4-bedroom house he was renting went back on the rental market last month, it became a rather hot topic as to what the billionaire’s next real estate move would be.
As it turns out, Mr. Zuckerberg isn’t ready to build a massive estate similar to many other tech titans’ homes. He doesn’t even want to be a first-time homebuyer – or leave the neighborhood. According to Gawker, Zuckerberg’s new home is another rental in the College Terrace area just seven blocks away from his old house. So, why make the half-mile move? For starters, Zuckerberg did pick a slightly larger home compared to his last residence. Built in 2002, the new house boasts 3,800 sq ft and has 5 bedrooms and 4 bathrooms. His previous residence was only 1,976 sq ft with 4 bedrooms and 3 bathrooms. But what really seemed to stem the move is the location. Now, Zuckerberg resides only a few steps away from Facebook Headquarters. This surely comes in handy since he reportedly spends upwards of 16 hours a day at the office.
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