Zynga Founder Sells S.F. Home at a Loss

Late last year Farmville King (aka Zynga Founder Mark Pincus) listed two swanky San Francisco properties -- one mega-mansion in Presidio Heights and the other a smaller, but equally fab crib in Cole Valley. Pincus and his One King Lane founder wife finally unloaded their three bedroom Cole Valley pad, but at a substantial loss, reportsCurbed. The sale caps off a not-so-ideal last two months for Pincus where he saw Zynga's IPO sizzle amidst all the hype and his opulent Presidio Heights mansion remain untouched with a $8.9 million ask.

18 photos
1/18
via Redfin
Late last year Farmville King (aka Zynga Founder Mark Pincus) listed two swanky San Francisco properties -- one mega-mansion in Presidio Heights and the other a smaller, but equally fab crib in Cole Valley. Pincus and his One King Lane founder wife finally unloaded their three bedroom Cole Valley pad, but at a substantial loss, reports Curbed. The sale caps off a not-so-ideal last two months for Pincus where he saw Zynga's IPO sizzle amidst all the hype and his opulent Presidio Heights mansion remain untouched with a $8.9 million ask.
2/18
via Redfin
According to public records, Pincus bought the Cole Valley home back in 2005 for a steep $2.85 million and finally sold it in late January 2012 for $1.89 million. For those without a calculator, that's a $960,000 loss. Ouch.
3/18
via Redfin
The home measures 2,875 square feet and just like the family's Presidio Heights house, this Shrader Street pad is perfectly staged as if stripped from the One Kings Lane website. We're guessing the Pincus fam at least saved a dime on staging costs.
4/18
via Redfin
The three-level home features this posh living room, which includes a wood-burning fireplace, a skylight (in fact, skylights are scattered in various rooms in the home making it completely bright and sun-drenched throughout), and access to the outdoor terrace.
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via Redfin
A view of the formal dining room in the 1940 pad. Not only did Pincus take a major loss on the sale of this spread, but the home underwent multiple price chops before finally selling from the original list price of $2.189 million down to $1.97 million and finally to the sale price of $1.89 million.
6/18
via Redfin
While this kitchen is certainly a lot smaller than the lavish kitchen in Pincus's Presidio Heights house, it's no less stylish. The kitchen features a separate pantry, breakfast area, and matte gray cabinetry.
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via Redfin
A view of the gamer-turned-millionaire's former master suite. The can't-miss views from this room include panoramic scenery of the iconic Golden Gate Bridge.
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via Redfin
There are three bathrooms in the contemporary crib, including this remodeled master bathroom, which also boasts sweet views of the Bay, as well as radiant heating and luxe marble.
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via Redfin
Pincus's home features three bedrooms total, where as the family's still-unsold Presidio Heights mansion has six bedrooms, enough for a small army of Farmville users.
10/18
via Redfin
Some rumors suggest that Pincus listed both S.F. homes because of a woman named Vera Svenchina, a woman who Pincus filed a restraining order against in 2010. Svenchina, a Russian stripper/filmmaker, was reportedly stalking the Farmville founder.
11/18
via Redfin
While the master suite has the views, this bedroom boasts a sweet lounge area and judging by the projector mounted on the ceiling, an awesome movie screen.
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via Redfin
While this Shrader Street home underwent multiple price chops, Pincus's Presidio Heights abode is still listed at its original asking price of $8.9 million. Any takers?
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via Redfin
The home is graced with multiple terraces, which is an ideal spot to enjoy all the wonderful S.F. views, that is, if it isn't foggy.
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via Redfin
Property taxes for this home in 2010 totaled $9,270, according to Zillow and Redfin. Nobody ever said city living was cheap.
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via Redfin
A look down into the serene backyard, which features incredible Redwood trees, a spa, and a sweet fire pit.
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via Redfin
A view of the spa in the home's shady backyard. When the new owners are done kicking back in the spa, they can take a short stroll to the shops along Cole Street, which is a super family-friendly enclave of the city.
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via Redfin
The property comes with a paved driveway, along with one garage space, which for the jam-packed streets of Cole Valley isn't totally ideal (especially given that the home sold for a whopping $1.89 million).
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via Redfin
Perched high up on a hill, the new residents of the home can take in the wonderful and incomparable Bay views sans any Russian strippers lurking in the wings.
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