Laurene Powell Jobs has a new addition to her collection of San Francisco Bay Area homes.
According to The Mercury News, Powell Jobs, who was married to the late Apple CEO Steve Jobs, purchased a stunning house in San Francisco’s Russian Hill neighborhood for $16.5 million.
The 6,000-square-foot charmer is situated in San Francisco’s Russian Hill, where the median real estate price is about $2.5 million, according to Redfin. That’s $14 million below what Powell Jobs paid.
The home’s original listing price was set at $16.9 million, meaning Powell Jobs got a deal, albeit a $400,000 one. Still, by San Francisco standards, that’s pretty good.
The house boasts six bedrooms and six and a half bathrooms with contemporary design, lush outdoor space and breathtaking views of the city. That square footage includes a family room, a recreation room, a study, a dining room, a kitchen, a laundry room, a wine cellar and an observation terrace extending off of the Master Suite.
The home’s bay windows will afford Powell Jobs and her guests panoramic views of the city, including sights of downtown San Francisco, the Bay Bridge and the Golden Gate Bridge.
This makes Powell Jobs’ fourth home in the Bay Area, according to The Mercury News. She owns properties in Los Altos, Woodside and Palo Alto, where her company Emerson Collective is based.
This is, however, Powell Jobs’ closest home to the heart of San Francisco meaning she’ll be closer to the new west coast bureau for The Atlantic, the magazine in which Powell Jobs owns a majority stake.
Whatever the reason for purchasing the home, Powell Jobs sits comfortably as the sixth wealthiest woman in the world with a net worth of $20.7 billion. Who wouldn’t jump at a good piece of San Francisco real estate if they could?