Bill and Melinda Gates Purchase Southern California Mansion for $43 Million

By Annie Goldsmith
4.24.20

Now that they’ve bought the ultimate beach house, Bill and Melinda Gates are certainly ready for summer.

bill gates del mar

Courtesy The Guiltinan Group

The billionaire philanthropist couple purchased a jaw-dropping property in Del Mar, California, a beach town just outside of San Diego. The Microsoft cofounder and his wife paid $43 million for the home—surpassing San Diego County’s previous record home purchase record by $8 million—according to Brian D. Guiltinan from the Guiltinan Group. The deal closed on March 27, 2020.

The home’s large pool and outdoor area.

Courtesy The Guiltinan Group

The pair purchased the six-bedroom, four-bathroom home from Madeleine Pickens, the former wife of Texas oil tycoon and billionaire T. Boone Pickens. Ms. Pickens put the 5,800 square foot home on the market in early 2019, listing it for $48 million.

According to the San Diego Reader, the home is not your average beach house. It features “a family residence, a health spa, theater, pool, tennis court, greenhouse, and two guest houses.” All of these amenities push the total square footage to over 10,000.

gates del mar house

Courtesy The Guiltinan Group

Residents have a clear, unobstructed ocean view from the living room.

The article also notes the home’s luxe mahogany wood, limestone flooring, sandstone patios, and Getty stone accents. The patio features a 10-person spa, gas fire-pit, and glass-tiled pool. Not to mention the property’s stunning 120 feet of direct oceanfront views.

The property has a sizable, ocean-facing patio, perfect for entertaining.

Indeed, this home is yet another addition to the Gates family’s stacked real estate portfolio. While the family is based at their Medina, Washington compound, according to Architectural Digest, the couple also owns an $18 million equestrian estate in Rancho Santa Fe, California, and two properties for their daughter, Jennifer: a $16 million Westchester horse farm and $5 million New York City condo.

Even among the Gates’s other stunning homes, though, this unforgettable property certainly stands out.