Mark Zuckerberg Was the Secret All-Cash Buyer of That $23 Million D.C. Mansion

Mark Zuckerberg, the CEO of Meta, has added another piece of real estate to his portfolio. It had been under wraps who purchased a $23 million mansion in Washington, D.C., and it's been confirmed that Zuckerberg was the buyer, according to Politico.

Many of Zuckerberg's properties are on the West Coast, but he's been spending more time in D.C. and in the White House, which seems to have motivated the purchase.

"Mark and Priscilla [Chan] have purchased a home in D.C., which will allow Mark to spend more time there as Meta continues the work on policy issues related to American technology leadership," a Meta spokesperson told Politico on Wednesday.

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As detailed on Realtor.com, the property was listed on March 3 for $23 million, and it was sold the following day for that exact price — in cash. Politico says the sale was the third most expensive in city history. It sits in the Woodland Normanstone, an affluent neighborhood with high-end real estate. The property has a sale history dating back to 2006, however, the home wasn't built until 2017.

"I think it's proximity and being here," Tom Daley, a D.C. real estate agent, told Politico. "It's the ultimate bow to the man in the White House. To me, it's a little reminiscent of when the Trump Hotel was the Trump Hotel. He notices who's there. It's an easy way to say, ‘Hey, we're with ya. Here we are.' I'm sure he takes it as the ultimate compliment."

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The sale of the five-bedroom, eight-bathroom home was super secretive — and still sort of is. Politico said that real estate agents had to sign non-disclosure agreements. If you visit Google Maps or Zillow, pictures of the residence have been wiped or pixelated out. That also means we don't know a whole lot about the property, which was probably the goal. Maybe there's a pool. Maybe there's a theater room. Maybe there's a wine cellar. But the 11,000 square feet of space could sure fit all of that and more.

"These CEOs have such vast fortunes that purchasing a home in D.C., even if they're overpaying, even if it's not a great investment at the price they're paying, it doesn't really matter. The benefits they can reap from relationships with the government can make up for any loss from a bad real estate deal," Jennifer Knoll, who has been in real estate for two decades, told Politico.

Zuckerberg's new home is under 15 minutes from the White House, even with a little traffic. So, proximity is certainly something he has gained from this purchase.

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