- WeWork cofounder Adam Neumann’s San Francisco Bay Area home has officially hit the market for $US27.5 million, Mansion Global reported.
- The 10-acre compound includes a 10,000-square-foot main house, a separate guest house, a swimming pool, a greenhouse, gardens, a chicken coop, and solar and geothermal systems.
- Neumann and his wife, Rebekah, have been trying to sell off millions of dollars of real estate in recent months after temporarily moving to Israel to escape media scrutiny.
- The ousted WeWork CEO, who lost his billionaire status this spring, is now worth between $US450 million and $US750 million, based on estimates from Forbes and Bloomberg.
- Visit Business Insider’s homepage for more stories.
Adam Neumann is selling off yet another piece of luxury real estate.
The WeWork cofounder and former CEO’s “Guitar House” in Northern California has officially hit the market for $US27.5 million, Beckie Strum reported for Mansion Global. Bloomberg first reported the impending listing last month.
The sprawling estate sits on 10 acres in Corte Madera, California, and includes a 10,000-square-foot main home, a two-bedroom guest house, a detached yoga studio, a wine cellar, staff quarters, and a poolside cabana.
Neumann bought the compound in 2018 for $US21.4 million. The property once belonged to legendary rock and roll concert promoter Bill Graham and was later “reimagined” by eco-architect Sim Van der Ryn, according to the listing.
Compass agent Joshua Deitch has the listing.
Take a look inside Neumann’s San Francisco Bay Area home.
Adam Neumann, the cofounder and former CEO of WeWork, has been trying to sell off millions of dollars of his real-estate portfolio in recent months.
Neumann, who cofounded WeWork in 2010 with his wife, Rebekah Neumann, and Miguel McKelvey, was ousted from the company last year after its failed IPO.
Neumann was worth as much as $US14 billion before last year’s fiasco, but his fortune has since shrunk dramatically. He’s now worth between $US450 million and $US750 million, based on estimates from Forbes and Bloomberg.
After founding WeWork in 2010, Neumann and Rebekah spent more than $US80 million on at least five homes. But after moving to Israel to escape media scrutiny, they have been trying to offload them one by one.
In February, the Neumanns put multiple units in their New York City townhouse on the market for a combined $US37.5 million.
And in March, they sold their house in the Hamptons for $US1.25 million after owning it for seven years, Mansion Global reported.
Their latest property to hit the market is a home in Corte Madera in the San Francisco Bay Area.
Corte Madera, a town of just under 10,000 people, is about 30 minutes by car from San Francisco.
In 2018, the median household income in Corte Madera was $US147,587 – more than double the national median of $US60,293, according to data from the US Census Bureau.
The Neumanns’ house in Corte Madera, asking $US27.5 million, sits on more than 10 acres on a hilltop that’s just minutes from the Golden Gate Bridge, according to the listing.
Neumann bought the home in 2018 for $US21.4 million.
The compound has a gated entry with a private driveway.
The home, known as the “Guitar House,” sits on land that was once owned by legendary rock and roll concert promoter Bill Graham.
The property was later renovated by eco-architect Sim Van der Ryn.
The entry hall is an introduction to the home’s distinctive design style.
The main house has more than 10,000 square feet of living space.
The home weaves together the indoor and outdoor spaces.
The gourmet chef’s kitchen comes with two butler pantries.
The living room has its own bar area.
The expansive master suite comes with a fireplace and its own private patio.
The private outdoor area has ample seating space.
The attached master bathroom includes dual dressing areas …
… and a soaking tub with panoramic views of the surrounding landscape, as well as a walk-in, glass-walled shower.
There’s also a spacious master office.
In addition to the master suite, the main home has three guest bedrooms.
The home was designed with abundant space for entertaining, like this billiards room …
… and the home theatre.
The aptly-named Guitar House also has a professional-grade music room that’s shaped like a guitar.
The California compound’s outdoor space is just as luxurious as its interior.
There’s plenty of space for al fresco dining and entertaining.
Next to the outdoor swimming pool is a pool cabana with its own kitchen and half bathroom.
Then there’s the guest house, which comes with two bedrooms, two bathrooms, and a living area.
But that’s not all. Neumann’s compound also includes an indoor regulation-size racquetball court, a yoga and fitness centre, and a wine cellar.
Also on the 10-acre property are vegetable and herb gardens.
According to the listing, the new owner of the Guitar House can live “off the grid” thanks to the compound’s gardens, personal water well, and solar and geothermal systems.
And don’t forget the greenhouse, the chicken coop, and last but not least, the bee harvesting farm.