Billionaire Peter Thiel Completes Sale of Lofty San Francisco Home for $7.4M

Published: December 20, 2018 | By: American Luxury Staff

Peter Thiel—co-founder of Paypal—recently sold his home in San Francisco for $7.4 million. A far cry from the initial ask of $9.2 million, but a not-bad price for the house when all was said and done—the investor and businessman had listed the property initially over two and a half years ago. It wasn’t an easy sell.

The house was originally two freestanding residences, which Thiel had revised into the slightly less than 7,000 square-foot structure that currently occupies the Marina District property. The larger of the two original homes dates to 1940.

The house has a few particularly lovely spaces, but the rooftop deck, with its views of the bridge and the next-door World’s Fair landmark the Palace of Fine Arts, which is all but a stone’s throw from the home, might take the prize. Other notable details include the spiral staircase, which recalls a better townhouse, and features an original wrought-iron balustrade; the five-bed, six-bath home also works in an elevator.

Amenities include a penthouse lounge, a covered exterior grill station, window seats, original hardwood floors, built-ins, multiple bay windows, and French doors opening onto the property exterior. Outdoor living spaces include a spectacularly romantic, green-ensconced patio that looks just the ticket for meditative creativity sessions or afternoons off.

Thiel, a co-founder of Paypal, has a net worth north of $2.5 billion.

8770 December 20, 2018 Real Estate December 20, 2018