Bill Gates, cofounder of Microsoft is reportedly selling a property near his famous Xanadu 2.0 home outside Seattle for $4.8 million. According to a listing reviewed by Fortune, the property is a four-bedroom, three-bathroom house and it is described as “nestled into one of Medina’s most coveted hillsides”.
Gates bought the house for $1 million in 1995 from Kenneth and Jemima Brinnon. The lavish house located in Medina, Washington offers scenic lake views and backs onto a forested green area. Set on a 0.4-acre plot, the property also includes direct access to the beach, according to a report by The Business Journals.
The move appears to be a change from what Gates said last year, when he mentioned he was not planning to downsize.
In 2025, speaking about the recently listed property in an interview with 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.”
Expanding the Medina footprint
The house now for sale is next to his 66,000-square-foot lakefront Xanadu 2.0 mansion, which was valued at $132 million in 2025, according to property records. The 2,800-square-foot home being sold was bought through an LLC in Gates’ name in 1994, around the time he married Melinda French Gates.
The listing also highlights how much property Gates has bought in Medina over the past 30 years. This includes the main Xanadu 2.0 residence, nearby forested land and several smaller houses and plots that help create a privacy buffer along Lake Washington.
The legacy of Xanadu 2.0
Gates purchased the Xanadu land in 1988 for $2 million and later spent around $63 million developing it. The property has 24 bathrooms and seven bedrooms. It also features multiple garages, a trampoline room, an indoor swimming pool, a theatre with a popcorn machine, and several high-tech displays. The report notes that French Gates once thought about not moving in, as construction was still ongoing in the early years of their marriage.
Even after selling another nearby Medina home in 2024, which was first listed for nearly $4.9 million, Gates continues to be one of the biggest individual property owners in the area.