Bill and Melinda Gates are the reported buyers of a pricey piece of oceanfront real estate near San Diego, Calif., The Wall Street Journal reported on Tuesday.
The $43 million price tag for the 5,800-square-foot home in Del Mar, Calif., is one of the largest deals recorded in the area, the Journal said.
The Microsoft co-founder and billionaire philanthropist, along with his wife and co-founder at the Bill & Melinda Gates Foundation in Seattle, bought the home from Madeleine Pickens, the former wife of Texas billionaire T. Boone Pickens.
The six-bedroom home has a deck overlooking the beach and a swimming pool, as well as a 10-person jacuzzi, according to the Journal, which cited a listing on Realtor.com. The house was on the market for $48 million and the deal closed in late March, the report said.
The Gateses, whose primary residence is on Lake Washington in Medina, Wash., previously spent $18 million on a 229-acre thoroughbred training center in Rancho Santa Fe, a short drive northeast of the Del Mar beach property. The horse farm was owned by weight-loss guru Jenny Craig.