Living the fantasy of every homeowner who has faced the prospect of a nuisance project next door, Facebook CEO Mark Zuckerberg has bought four homes adjacent to his own five-bedroom home in one of Palo Alto, Calif.’s toniest neighborhoods.
Zuckerberg paid top dollar — more than $30 million in total — for the four residential properties located next door and behind his own home. A person with knowledge of the transactions said Zuckerberg is leasing the existing homes back to the families that live there.
The 29-year-old acted after he learned of a developer’s plan to buy one of the properties next door, said the source. “The developer was going to build a huge house and market the property as being next door to Mark Zuckerberg.”