Wednesday 20 June 2012

The lavish $10 million cliffside mansion bought by 35-year-old Twitter founder

Hidden cantilevered on a rocky cliffside, high above San Francisco Bay, this spectacular house could be the hideout of a James Bond villain.
Boasting a retractable glass roof and breathtaking views of the Golden Gate Bridge, the gravity-defying palace is rumoured to be the new home of 35-year-old Twitter tycoon Jack Dorsey.
Mr Dorsey reportedly dipped into his $650 million fortune to buy the 3,734 square foot home in February, paying a staggering $9.9 million.
The redwood house sits hidden in the clifftops above San Francisco harbour
The redwood house sits hidden in the clifftops above San Francisco harbour

The pyramind skylight retracts at the touch of a button, exposing the cosy living room to the elements


The pyramind skylight retracts at the touch of a button, exposing the cosy living room to the elements
Jack Dorsey, centre, with Twitter co-founders Evan Williams, left, and Biz Stone, right
Jack Dorsey, centre, with Twitter co-founders Evan Williams, left, and Biz Stone, right
Surprisingly the house, in the city's Seacliff neighbourhood, only has two bedrooms - but the main attraction is a pyramid-shaped skylight, which slides open at the touch of a button opening up the living room to the elements and one of the most famous views in the world.
Real estate experts in the Bay Area claim Mr Dorsey has landed a bargain - the house has been on the market for four years, during which time the asking price has halved from its initial listing, an eye-watering $18 million
The purchase is a significant upgrade for the businessman, who has been living in a more humble penthouse in downtown San Francisco - which he sold in March for $1 million.
One of the house's best features - an unspoiled view of the Golden Gate Bridge. One of the world's most famous landmark
One of the house's best features - an unspoiled view of the Golden Gate Bridge.

The house had an asking price of $18 million in 2008, but has halved in price in the last four years
The house had an asking price of $18 million in 2008, but has halved in price in the last four years

But he's not content with leaving his new cliff-side residence as it is - according to Realestalker.com, the new owner has already lodged plans to add an additional 3,000 square feet of living space above the existing house.
The tycoon is refusing to confirm he's the new owner, and the house was bought through a limited company, which can't be traced back to him.

But he hinted on his own site last month that he had swapped city living for a new life on the coast - tweeting: 'I need the sea because it teaches me,' a quote by Chilean poet Pablo Neruda.
Mr Dorsey founded Twitter in 2006 with business partners Biz Stone, Evan Williams and Noah Glass. He was the company's founding CEO and its current executive chairman.
Twitter isn't his only success story - he's also founder and CEO of mobile payment application Square, which was recently valued at $1.26 billion.

Because it has only two, very modest-sized bedrooms - the house is San Francisco's most expensive two bedroom property
Because it has only two, very modest-sized bedrooms - the house is San Francisco's most expensive two bedroom property

Because of its redwood exterior, the house blends into its surroundings, making it the perfect secret hideaway
Because of its redwood exterior, the house blends into its surroundings, making it the perfect secret hideaway




Jack Dorsey is rumoured to have bought the house in February, using a limited company to protect his privacy
Jack Dorsey is rumoured to have bought the house in February, using a limited company to protect his privacy

The 35-year-old traded up from the penthouse apartment he sold in March for $1 million
The 35-year-old traded up from the penthouse apartment he sold in March for $1 million


Read more: dailymail

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