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CEO founder and billionaire Mark Zuckerberg buys $7 million home

Facebook founder nets himself a home.

Facebook founder nets himself a home.

For most people, moving into a multi-million dollar estate would be a step up. But for a billionaire to move into one may be a step down.

CEO and Facebook founder Mark Zuckerberg has bought himself his first new home after purchasing a property in Palo Alto, California.

The social media guru and subject of the Oscar nominated film "The Social Network" reportedly paid $7 million for the home, according to public records.

While Zuckerberg could likely afford a more expensive property, the amenities are nonetheless luxurious, boasting five full baths, a glassed-in sunroom and an expansive porch.

The moving company hired by Zuckerberg won't have to travel far once he moves into his palatial estate, as he already lives in the Palo Alto area. And because Facebook headquarters will soon be moving to Menlo Park, he's a 10-minute drive away from work.

Finding an inexpensive home in California is no easy task, as most estimates indicate California has the highest average listing price in the country.