Apple executive $4 in 2012, according to The Wall Street Journal. The home was originally listed for $25 million.
Ive, Apple's senior vice president of industrial design, is credited with the look of the iPod, iPhone, and other products.
The home is one of San Francisco's most historically significant properties - designed by Willis Polk, a well-known local architect.
The house has four bedrooms and 7.5 bathrooms.
Completed in 1927, the house still looks very well kept and has a beautiful brick facade.