Laurene Powell Jobs has scored a San Francisco trophy. The billionaire has acquired the city’s most expensive property for about $70 million, according to the Wall Street Journal.
The off-market deal was hidden behind a trust, and the Journal cited anonymous sources who confirmed the record-breaking transaction.
The sellers, said to be Sloan Lindemann Barnett and Roger Barnett, picked up the place in 2011 for $33 million. They spent the past decade renovating the elegant mansion, which is located in an area known as Billionaires Row in the Pacific Heights neighborhood near Presidio Park.
The widow of Apple co-founder and CEO Steve Jobs will have some notable neighbors. Oracle’s Larry Ellison had a home next door and former Apple Chief Design Officer Jony Ive owns a home on the block, the Journal notes.
Built in 1916, the seven-bedroom mansion has three levels and 17,286 square feet of living space. The sellers had reportedly shopped it around for closer to $100 million.
The sale price trounces the previous record in the City by the Bay: a $43.5 million deal in 2021, also in Pacific Heights, according to the San Francisco Chronicle.
The sellers tapped Peter Marino to refresh the Willis Polk–designed mansion. The result landed “the most beautiful house in America” on the pages of the Architectural Digest in 2020.
The ornate abode features “white onyx-paneled walls, mirrored ornamental columns, and sweeping views of the Golden Gate Bridge,” according to the Chronicle.
In 2018, Powell Jobs picked up a $16.5 million residence in San Francisco’s Russian Hill. She owns homes in Malibu (she just purchased her fourth property in the area of Paradise Cove for $94 million), Los Altos, CA, and Florida.
The 60-year-old philanthropist manages the Steve Jobs Trust and is the founder and chair of Emerson Collective.