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Nobody wants to buy Peter Thiel's $8 million San Francisco mansion

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peter thiel house

Peter Thiel, billionaire co-founder of PayPal and a partner at Founders Fund, is apparently moving out of his mansion in San Francisco's Marina District. The billionaire venture capitalist listed the massive two-in-one property for $9.25 million in May, but it has yet to move off the market and now has a new listing price: $8 million.

It has some pretty extravagant features, including a penthouse lounge, elevator, and panoramic views of both the Golden Gate Bridge and the Palace of Fine Arts. Thiel bought the home for $6.5 million in 2010, property records show.

Thiel, who secretly funded Hulk Hogan's high-profile lawsuit against Gawker, also reportedly owns property in Los Angeles and on the Hawaiian island of Maui. Justin Fichelson, now of Venture Sotheby's International Realty, has the listing.

SEE ALSO: Sarah Palin has sold her lavish Arizona compound for $2.275 million, slightly less than what she was looking for

The home is situated behind a large gate at the end of a private path.



It's just across the street from the Palace of Fine Arts, which you can spot from various points in the home.



Golden Gate Bridge views are another major selling point.



See the rest of the story at Business Insider

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