David Marcus is an American entrepreneur who was born in France in 1973 and grew up in Switzerland. After quitting university after just one year, he worked in a bank to support his family. He founded his first venture at the age of just 23, which was a long-distance call provider and Internet access company called GTM Telecom. After GTN Telecom was acquired by World Access in 2000, he founded the mobile media monetization company Echovox. He then founded Zong in 2008, although PayPal acquired the company for $240 million in 2011. Following the acquisition, David Marcus became the vice president and general manager of PayPal’s mobile division. He then became the President of PayPal in 2012. In 2014, Marcus made a move to Facebook as the Vice President of Messaging Products. Under his leadership, the Messenger app was developed, and he introduced a payment platform and business payments on the app. Marcus joined Coinbase’s Board of Directors in 2017, and one reason he was chosen for this role is he is considered a leader in cryptocurrency. Now, he is leading the experimental blockchain group at Facebook. His successful career means that David Marcus can take his pick of luxurious properties. For the last ten years, he has lived at a stunning estate in Atherton, California. However, he has now listed that property for just under $10 million. So, let’s look at the house he has put on the market.
An Overview of David Marcus’ Estate
The estate that David Marcus is listing for $9.988 million is in Atherton, California. It is an area that is popular with the rich and famous, as it is the most expensive zip code in the United States. In 2020, the median house value in Atherton was $7 million, says Property Shark. To put this into perspective, nearby Beverley Hills only ranked fourth on the list with a median house value of a ‘mere’ $3.75 million. Marcus’ estate was listed at just under $10 million, significantly above the median house value for the area, which is an indicator of the quality of the property. It is also significantly more than Marcus purchased the property for almost ten years ago, which records say was $5.8 million. He bought the estate from Jeff Housenbold, the former Shutterfly CEO. The house was built in 2003, measures 5,770-square-feet and boasts five bedrooms and 6.5 bathrooms. It is a two-story property that sits in an estate measuring 1.3-acres.
Inside the Atherton Estate
The living room is a crisp and airy space with white walls, light wood flooring, and two sets of French doors leading out to the garden. An interesting focal point in this room is a modern fireplace with a gray slate surround. The light and airy feel continue into the second sitting room, which also has French doors leading out onto the patio. In contrast, the formal dining room has a different vibe, as both the walls and the ceiling are painted a dark gray. However, the dining room features the same light wooden flooring as the living room. Large lead-paned windows overlook the lawns. A modern pendant light hangs centrally over the contemporary eight-seater dining suite. The kitchen boasts white walls and cabinetry, with contrasting black countertops. There are high-end appliances, including a double stainless steel gas range. An island at the center of the kitchen serves the purpose of additional workspace and storage, while also acting as an informal dining area.
At one end of the kitchen, there is a breakfast room, which overlooks the front yard. It also has a doorway leading out to the driveway. To the other end of the kitchen is the family room, and the two rooms are separated by a fireplace with an archway on each side. There is also cabinetry painted in a bright cherry red. Another room on the lower level is the primary home office. It is a bright and airy space with light wooden floors, white walls and cabinetry, French doors leading to the garden, and large windows overlooking the grounds. On the second floor of the house, it is just as spacious as the lower floor. There are three large bedrooms, each of which has an ensuite bathroom, and there is a second home office on the upper level.
The second floor is also home to the master suite, which measures a staggering 1,000-square-feet and has an ensuite bathroom. An interesting feature of the master bedroom is the ceiling, which has is covered in glistening silver-leaf. The room also features a fireplace, over which there is a mounted television. From the master suite, there are French doors that lead out onto the balcony. In the magnificent ensuite bathroom, there is an ornate rococo style, with elaborate mirrors, over-sized curved cabinetry, and double vanity. The master suite also has two custom-fitted walk-in closets.
The Exterior of the Property
Marcus’ home sits at the end of a lane in the prestigious Lindenwood neighborhood. Neighbors cannot see into the grounds as there are mature trees lining the property’s perimeter. A wide driveway leads to an extensive parking area to the front of the house and to a three-car garage. There is a large stone terrace area used for alfresco dining and outdoor entertaining to the rear of the property. On the terrace, there are three fire features that each serve a different purpose. One fire feature has a built-in grill, which is used for preparing meals outside. The other features are a fire pit under a pergola and an outdoor fireplace. Both are fantastic for the homeowner and their guests to gather around on cooler evenings. The rear grounds also boast a large swimming pool with a spa. Alongside the pool, there is a decking area for relaxing by the pool, and a mature tree partially shades this, says Dirt.com.