Mark Zuckerberg bought the homes in 2012 and 2013 for about $43.8 million, according to Zillow estimates. He purchased his current home in 2011 for $7 million.
The construction plans indicate that Zuckerberg intends to make the new houses 20% smaller than their original size.
In total, they represent about "half of the allowable square footage for the four properties," according to plans submitted earlier this month. Three of the proposed four homes are one story.
Some reports speculate that Zuckerberg wants more privacy and security and is building the new properties to ensure that.
Facebook gave him over $5million last year for personal security services, including private planes and security at his home.
Zuckerberg recently settled a lawsuit with a real estate developer who sold him rights to one of the properties. Mircea Voskerician said he sold his rights at a discount in exchange for Zuckerberg's help with business referrals. He accused
Zuckerberg of reneging on the deal, but
Zuckerberg's attorneys called the tactics
"extortive."
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