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Nobody wants to buy Peter Thiel's $8 million San Francisco mansion

Madeline StoneSep 21, 2016, 00:41 IST

Steve Jennings / Stringer, OpenHouse

Peter Thiel, billionaire co-founder of PayPal and a partner at Founders Fund, is apparently moving out of his mansion in San Francisco's Marina District. The billionaire venture capitalist listed the massive two-in-one property for $9.25 million in May, but it has yet to move off the market and now has a new listing price: $8 million.

It has some pretty extravagant features, including a penthouse lounge, elevator, and panoramic views of both the Golden Gate Bridge and the Palace of Fine Arts. Thiel bought the home for $6.5 million in 2010, property records show.

Thiel, who secretly funded Hulk Hogan's high-profile lawsuit against Gawker, also reportedly owns property in Los Angeles and on the Hawaiian island of Maui. Justin Fichelson, now of Venture Sotheby's International Realty, has the listing.