Laurene Powell Jobs Sets Record with $70 Million Mansion Buy on Billionaire's Row
Laurene Powell Jobs, the billionaire widow of Apple Inc. Co-founder Steve Jobs, has made a splash in San Francisco's luxury real estate market with the record-breaking $70 million purchase of a century-old mansion in Pacific Heights.
According to the Wall Street Journal, Powell Jobs acquired the 17,300-square-foot home at 2840 Broadway Street in an off-market deal from Sloan Lindemann Barrett and Roger Barrett, who paid $33 million for the property in 2011. Sloan Lindemann Barrett is billionaire George Lindemann's daughter. Roger Barrett is the CEO of the health supplement company Shaklee.
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The Barretts had quietly listed the home with an initial asking price of $100 million. The sale surpassed the previous San Francisco real estate record of $43.5 million set in 2021 for another Pacific Heights property.
Designed by renowned architect Willis Polk, the four-story Spanish Renaissance Revival mansion was completed in 2016 and has been hailed by Architectural Digest as "the most beautiful house in America."
The Barretts commissioned renowned architect Peter Marino to renovate the nearly two dozen rooms surrounding the house's two-story, glass-roofed courtyard. The project spanned more than three years.
Previously, the home was owned by movie theater heiress Georgette "Dodie" Rosekrans and her husband, John, an heir to the Spreckels sugar fortune and creator of the Hula Hoop and Frisbee. The north side of the home has four stories of glass overlooking San Francisco Bay, with iconic landmarks like the Golden Gate Bridge and Alcatraz Island in full view.
The mansion occupies a 0.17-acre lot adjacent to a contemporary residence owned by tech mogul Larry Ellison, founder of Oracle. Another notable neighbor is Jonathan Ive, the designer behind Apple products such as the iMac, iPod, iPad, and iPhone.
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Powell Jobs, 60, is the founder of Emerson Collective, a venture focused on investment, philanthropy, and advocacy. She has also made significant real estate acquisitions. She met her late husband while she was a Stanford business student, and he was a guest lecturer. They were married from 1991 until he died in 2011.
Powell Jobs has been active in the California real estate market. In June, she paid $94 million for a 1950s ranch house in Malibu, bringing her total investments in Malibu to $174 million.
Powell Jobs is among several Silicon Valley tycoons investing in California Forever, a secretive $800 million project to construct a utopian city. The initiative involves acquiring vast tracts of farmland in Solano County and will require voter approval in November to proceed.
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