Mark Zuckerberg's house will surely be breathtaking since it is reportedly going to be built over a 750-acre property in the Hawaiian island of Kauai which he recently bought for $100 million, Business Insider has learned.
According to Forbes, the famous Facebook CEO has purchased two separate parcels of properties: the Kahu'aina Plantation and the Pila'a Beach for a reported sum of $100 million.
The Kahu'aina Plantation is a 357-acre former sugarcane plantation while the Pila'a Beach is a 393-acre piece of land with a white-band beach. In combining these two adjacent chunks of land, the billionaire hopes to build a one-of-a-kind house that is sure to turn heads.
Mark Zuckerberg's house is still a long way to go, but insiders claim that it is going to be something that is fitting for the 30-year-old mogul, whose net worth is currently listed at $33 billion.
While the entire land area of his new property is enough for an island community of around 85 large homes, Zuckerberg is planning to build just one house on top of the vast land and use the remaining space to keep hold of his privacy, noted EntertainmentWise.
Just like other wealthy businessmen out there, Mark is also slow when it comes to spending his billions. It can be noted that he simply rented a modest home near Facebook's headquarters in Palo Alto, San Francisco for a couple of years before he purchased a $7 million worth 5,000 square-foot home in an exclusive neighborhood in the same area with his wife Priscilla Chan.
In 2013, he purchased all of the four homes surrounding his property to stop a developer's plan of buying them and turning them into properties which will be marketed as "next door to Mark Zuckerberg." This pretty much explains why he spent much too much in the two properties where his next mansion will be built upon.
Last year, speculations that the Facebook chief executive is interested in buying properties in Kauai surfaced when he and his wife were spotted in Kauai. This also led a few to infer that Mark Zuckerberg's home or his next love nest would be built on the said island, reports The Telegraph.
He bought the Pila'a Beach from Pflueger Properties, which previously belonged to retired local Honda dealer Jim Pflueger.
In addition, he also purchased the adjacent Kahu'aina Plantation, which is a former sugarcane plantation that has been off-and-on the market for many years now. The property features 2,500 feet of oceanfront and a working organic farm, according to Yahoo! Finance.
Zuckerberg isn't the only wealthy man spending millions on Hawaii. Larry Ellison bought the state's sixth largest island, Lanai, for $600 million last year.
This article is copyrighted by Travelers Today, the travel news leader
