Yammer CEO David Sacks has reportedly bought an unfinished mansion on San Francisco's "Billionaire's Row" for $34.5 million, according to Trulia, citing sources close to the deal.
If he actually paid that price, the home is officially the most expensive home ever sold in the city. It was listed for $38.5 million in March, but had come down significantly from its initial asking price of $65 million back in 2007.
The unfinished, 21,888-square-foot French limestone mansion was sold by Peter Sperling of the Apollo Group, which owns the University of Phoenix.
When Sperling bought the house back in 2004, it was in even worse shape than it is now. He did some work on it, and then stopped for unknown reasons.
Sacks, who sold his company to Microsoft for $1.2 billion last year, is also associated with an even more extravagant California mansion — he recently threw himself an over-the-top 40th birthday party at Los Angeles' Fleur de Lys estate, which is currently on the market for $125 million.
From the outside, 2845 Broadway looks like a gem!
There are intricate details in the architecture.
And a lovely balcony.
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