Zynga Tycoon Mark Pincus Lists Two, Sells One
LOCATION: San Francisco, CA
SIZE: 2,875 square feet, 3 bedrooms, 3 bathrooms
YOUR MAMAS NOTES: Just in case any of the children somehow missed the many discussions in all the other property gossip blogs and websites that previously discussed the following matters...
It was already a week ago now that the ever-industrious kids at Curbed in San Francisco revealed Zynga founder and CEO Mark Pincus and his design maven lady-mate Ali(son) Pincus had not just one but two multi-million dollar properties in San Francisco listed on the open market.
The fast-moving, sometimes controversial, and much-hyped–some might say over-hyped–Zynga makes (annoyingly addictive) digital games for smart phones and social networking sites like Facebook. Just about anyone over the age of two and under the age of 50 has probably been sucked in by a Zynga-made game such as CityVille, Mafia Wars, and the Scrabble-like Words With Friends, the very game that recently got actor Alec Baldwin in a ridiculous brouhaha with American Airlines. Anyone who reads the newspaper (and/or receives the news and "news" from any other media outlet) surely knows by now that last week Mister Pincus lucratively (but not, arguably, entirely successfully) took his four-year old Zynga public with a stratospheric 8.5 billion dollar market capitalization that has more than a few people wondering if Dot Com Bubble Number Two (or Three) might have already and somewhat quietly crept up on its zenith.
Ali(son) Pincus, a foodie and "digital media veteran" according to her corporate bio, is the co-founder and Chief Partnership Officer of One Kings Lane, a curated and by-invitation-only online retailer of home day-core that sells colorful decorative doo-dads and hoo-has that look pretty much like just about everything pictured in listing photographs of both the Pincus's San Francisco properties.
The larger of the two Pincus properties, which we'll address later, is a five-story mansion with a tech tycoon-sized asking price of $8,900,000. The other, a (too) highly-stylized and completely-contemporized spin on a classic 1940s San Francisco bungalow, was first listed in late September 2011 at $2,189,000 and endured a price chop in early November to $1,970,000. According to listing information on the real estate juggernaut Redfin, a purchase is "pending."
Property records indicate Mister and Missus Pincus will likely, depending on the final sale price, take a substantial loss on the property. They bought the attached house in the quiet and upscale Cole Valley 'hood in August 2005 for $2,850,000. A couple quick flicks of the busy beads on Your Mama's bejeweled abacus shows that's $880,000 more than the current $1,970,000 price tag not counting carrying costs, renovation expenses and real estate fees.
At the street/entry level an actual driveway that will park one car stretches past a tiny front yard of precisely clipped boxwood bushes to a single car garage with smoked glass and aluminum doors, direct entry to the house, a small bay perfect for refuse and recycling bins, and an exercise wall, whatever that is. We don't probably care to exercise in the garage–or anywhere else for that matter–but we certainly understand the highly desired and rare urban luxury of both a private driveway and an enclosed garage space. That's two off-street parking spaces, puppies, in a city where just about anyone, even a well dressed woman, a shaggy bearded Burner, or a naked queen in the Castro, will shank a sumbitch over a long-term parking spot in one of the tightly packed residential neighborhoods that make up the center of The City.
The "formal" dining area at the center of the living/dining/kitchen space has a built in buffet that also functions as a guard rail for the stair and opens directly into the well-equipped u-plan kitchen complete with built-in breakfast banquette covered in an impractical white leather. Or, at least we think it's leather. It could be pleather or perhaps some other sort of high-cost/low-maintenance artificial material. We don't know and listing information isn't specific. Sleek, steely blue-grey flat-fronted cabinets topped with what looks like marble (but may be another material entirely) ring the sky-lit kitchen that's finished with a glimmery, high-glam black tile back splash, vintage-style pendant light, and good quality stainless steel appliances that include a four-burner baby Viking-brand range with commercial-style hood.
Just off the kitchen, behind where the refrigerator is situated, a short hall connects to the smallish but adequate if not-optimally located bedroom with street view and smallish but adequate closet. Missus Pincus pulled out all her decorative stops in the separate three-quarter hall/guest bathroom designed and styled with a glass enclosed shower, high-gloss black and frosted glass vanity cabinets, ebony counter tops, and walls sheathed in lurid, lustrous and decidedly decadent jet black faux-crocodile skin wallpaper. It's not a statement Your Mama would make but we suspect there are untold numbers who pee with glee over this sort of thing.
Unfortunately the master bedroom's view of the Golden Gate is over the disturbingly eye-level and alarmingly-close roof top terrace and access walkway that clings to the top of the neighbors house. Yes puppies, this means as long as the electronically-controlled shades in the Pincus pad are not drawn, the neighbor and/or any of their guests could, at any time of day or night, climb the steps to their roof terrace and in one direction take in a quintessential San Francisco view of the Golden Gate Bridge and in the opposite look directly and unmistakably into the whites of your damn eyes while you do the usually private things people do in their bedrooms: sleep, dress, fight and fornicate.
This egregious and obvious lack of privacy in the master bedroom, however, did not deter a buyer since, as already mentioned, the property is in escrow. The master suite also includes a walk-in closet and a small but airy and almost all white bathroom with pitched ceiling, separate terlit cubby with window, surprisingly small shower stall, and an entire wall of windows and sliding doors that open to one of the master bedroom's two private terraces. Anxious privacy seekers may find some relief in that the lower portion of the window in the shower and the sliding glass doors in the main part of the bathroom were frosted, obscuring everything below the shoulders or thereabouts.
Stay tuned chickadoodles, we'll shortly have more about Mister and Missus Pincus' much larger and more grand but stylistically similar mansion in Presidio Heights 'hood currently and since late October 2011 listed at $8,900,000.
listing photos and floor plan: Sotheby's International Realty