Apple's Jony Ive reportedly buys $17M home in SF

The design guru has purchased a house in the city's exclusive Gold Coast neighborhood, the Wall Street Journal reports, possibly putting to rest departure rumors.

Jony Ive's new house? Sotheby's

Jony Ive has put to rest rumors of an imminent departure from Apple with the purchase of a $17 million house in San Francisco.

Apple's senior vice president of industrial design purchased a six-bedroom, eight-and-half-bath house on one of the city's most exclusive blocks in the Gold Coast neighborhood, people familiar with the deal tell The Wall Street Journal.

The house, which was built in 1927 and features views of the San Francisco Bay, appears to be a property that went on the market in February for $25 million. The official MLS for the property has been pulled off the Web, but here is the selling agent's description of the property, which lists the selling price as $17 million.

Under Ive's direction, Apple's put out a list of iconic products including the iMac, iPod, and iPad. However, last year rumors circulated that Ive was contemplating a departure from Apple to relocate to the U.K. following the completion of a three-year stock deal.

Ive, 45, was not listed among the group of executives who got massive stock grants last November , with an aim of keeping them there through 2016. However that does not mean he hasn't been given bonuses over the years. Ive is an SVP, but does not fall under the SEC's section for directors, officers, and principal stockholders when it comes to disclosures.

Ive, who has lived in San Francisco with his family for a number of years, couldn't be reached for comment. CNET has contacted Apple for comment and will update this report when we learn more.

 

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