Bill Gates has reportedly listed a property near his Xanadu 2.0 compound outside Seattle for $4.8 million. According to a listing reviewed by Fortune, the Microsoft cofounder is selling a four-bedroom, three-bathroom home, which the property records show is “nestled into one of Medina’s most coveted hillsides”. He purchased this house for $1 million in 1995. The sale marks a U-turn from the statements Gates made last year, when he said he wasn’t looking to downsize. The property is located near his $132 million Xanadu 2.0 estate in Medina, Washington.In 2025, while talking about the recently listed property in an interview by The Times, Gates said, “My house in Seattle, I admit, is gigantic. My sisters have downsized. I can’t. I like the houses I have. My kids like to come back—that is a luxury. I don’t cook, I don’t make my own bed, but I don’t mind if no one has made it—I wouldn’t notice.”The house up for sale sits next to his 66,000-square-foot lakefront Xanadu 2.0 mansion, which was appraised in 2025 for $132 million, property records show. The adjacent 2,800-square-foot property Gates just listed was purchased through an LLC in Gates’ name in 1994, around the time of his marriage to Melinda French Gates.The listing shows how much of the hillside neighbourhood in Medina, Gates has acquired over the past three decades, including the main Xanadu 2.0 residence, surrounding wooded land, and several smaller homes and lots that provide a privacy buffer along Lake Washington.Gates bought the Xanadu land in 1988 for $2 million and then poured about $63 million into the property, which has 24 bathrooms but seven bedrooms, the report notes. It includes several garages, a trampoline room, an indoor pool, a theatre with a popcorn machine, and numerous software and high-tech displays. French Gates even considered not moving in (as the project was underway during the early years of their marriage).Even after the 2024 sale of another nearby Medina property, originally listed at nearly $4.9 million, he remains a major individual property owner in the enclave.

Bill Gates is now one of America’s largest private farmland owners

Bill Gates’s Medina homes are part of a broader real estate portfolio spanning multiple US states. Entities linked to Gates control roughly 275,000 acres of farmland across at least 17 states, which makes him one of America’s largest private farmland owners, and he ranks just behind Stan Kroenke. Gates’s agricultural holdings include corn, soy, and potato operations managed through his Cascade Investment vehicle. However, he stated that he owns “less than 1/4000 of the farmland in the US” and noted that “all these decisions are made by a professional investment team” during a 2023 Reddit session.His residential properties are valued at nearly $300 million. The newly listed Medina property appears to be a minor adjustment rather than an exit, purchased during his marriage to French Gates.