META - Mark Zuckerberg Plans Massive Seven-Building Compound In Lake Tahoe Property That Meta CEO Quietly Acquired For $59M: Report | Benzinga
Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg is planning to construct a massive seven-building compound in Lake Tahoe, California.
What Happened: Zuckerberg is set to build a 75,000-square-foot compound on the western shore of Lake Tahoe, as per planning documents obtained by California news site SFGate. The compound will be situated on a 3.5-acre property that Zuckerberg quietly bought in 2018 for $22 million.
The property, previously owned by the family of the late investment banker Robert Quist, includes a pier suitable for a large yacht and a house with seven bedrooms. Zuckerberg also purchased an adjacent estate, known as the Brushwood Estate, for $37 million. Both properties are being demolished to make way for the new compound.