One of the results? Real estate prices are surging in Silicon Valley. Mark Zuckerberg, for example, recently plunked down $7 million for a home in Palo Alto, Calif. As you can see, it’s not what you’d expect for $7 million. The drab home offers five bedrooms and 5.5 baths across 5,617 square feet.
Not that Zuckerberg needs the room — he probably spends much of his time at Facebook HQ, building his global empire.
And Menlo Park, Calif. — the home of said headquarters — also has seen surges in real estate values. According to data from Trulia, a top real estate website, the average home price for the area is $1,120,231 — including homes from the less desirable areas of town.
So what can a few million bucks buy for you in this up-and-coming tech town? Trulia helped me out and came up with these options: