Laurene Powell Jobs reportedly snags San Francisco property in record $70M deal
Her acquisition of the new Pacific Heights property reportedly came through a private deal
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San Francisco reportedly has a new home sale record thanks to Laurene Powell Jobs.
The widow of Apple co-founder Steve Jobs recently completed the purchase of a home in the Pacific Heights neighborhood that cost her $70 million, The Wall Street Journal reported, using unnamed sources.
That eight-figure sale price beat the record of $43.5 million that had stood in the city for the past three years, per the outlet.
The home reportedly cost about $70 million (Google Maps / Google Maps)
With the home, Powell Jobs grew her existing real estate footprint in California that already spanned another property in the Bay Area and four lots in Malibu, according to Realtor.com. Her portfolio reportedly features real estate in Florida too.
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Her acquisition of the new Pacific Heights property reportedly came through a private deal rather than a traditional listing. It had been under the ownership of couple Sloan Lindemann Barnett and Roger Barnett for about thirteen years, The Journal reported.
NEW YORK, NEW YORK - SEPTEMBER 19: Laurene Powell Jobs speaks during the Clinton Global Initiative September 2022 Meeting at New York Hilton Midtown on September 19, 2022 in New York City. (Photo by Noam Galai/Getty Images for Clinton Global Initiati … (Noam Galai/Getty Images for Clinton Global Initiative / Getty Images)
A spokesperson for the Powell Jobs’ social change company Emerson Collective declined a request for the billionaire’s comment. FOX Business also reached out to Shaklee, the company where Barnett serves as CEO, seeking comment from the couple on the reported sale of the home.
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The more than a century old home, which was reportedly given a revamp by Lindemann Barnett and Barnett, contains over 17,200 square feet and boasts a 7,500-plus square foot piece of land, property records indicated.
The home is over 100 years old, according to the Wall Street Journal (Google Maps / Google Maps)
One of the adjacent lots belongs to Oracle co-founder Larry Ellison, The Journal reported. Other billionaires like Nvidia CEO Jensen Huang are also believed to have properties in the Pacific Heights area, according to reports.
Pacific Heights has other residences valued in the eight-figures. For example, there were two priced at $32 million and another seeking $15.1 million in the area as of Monday afternoon, according to listings on Redfin.
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Meanwhile, the city of Malibu is home to the property that notched the most-expensive home sale across all of California. That property, offloaded by Oakley founder James Jannard last month, went for $210 million, according to the Los Angeles Times.