WeWork Founder Adam Neumann Lists $27.5 Million Northern California Property
August 5, 2020
The large estate comes complete with a commercial-grade waterslide, music studio and racquetball court
BY BECKIE STRUM | ORIGINALLY PUBLISHED ON AUGUST 3, 2020 | MANSION GLOBAL\
The property was once home to famed concert promoter Bill Graham.
Ex-WeWork boss Adam Neumann is selling a lavish eco-friendly compound north of San Francisco for $27.5 million—complete with bee keeping, a theme park-grade waterslide and a music studio.
And that’s just a few of the perks at Mr. Neumann’s estate, where you’d have to try to be bored, even in quarantine. The geo-thermal-powered home is nestled among rolling hills overlooking the San Francisco Bay from Corte Madera, California, and comes with a guest house and an indoor racquet-ball court. There’s also an enviable work-from-home setup comprising a detached office with its own yoga studio.
Mr. Neumann, 41, who last year stepped back from his role at the helm of the co-working giant, bought the home in 2018 for $21.4 million, according to property records. It’s one of several luxury properties he and his wife, WeWork co-founder Rebekah Neumann, have shopped around this year.
In March, Mansion Global reported that the family had quietly parted with a house in Water Mill, New York, in the Hamptons. They’re also in the process of selling a duplex penthouse by New York City’s storied Gramercy Park for $37.5 million. A publicist for the family did not immediately return a request for comment.
Last month, Bloomberg reported that the Neumanns planned to part with the Corte Madera property, as well. It officially hit the market on Sunday.
The home, in addition to all its luxe lifestyle offerings, carries some rock n’ roll pedigree. The late legendary concert promoter Bill Graham—who started his career during hippie-era San Francisco setting the stage for acts like the Grateful Dead, Jefferson Airplane and Janis Joplin—owned a house on the property during his heyday, according to info from listing agent Joshua Deitch of Compass.
In the early aughts, a previous owner hired eco-focused architect Sim Van der Ryn to replace Graham’s former home with a contemporary mansion with some Mission-style inspiration that stands there today. The architect designed it to function off the grid, including things like a personal water well, solar panels and geo-thermal systems. Besides that, the acreage offers plenty of space for gardening and includes a greenhouse and chicken coop.
“There are a lot of estates in Marin County, but nothing of this scale,” Mr. Deitch said. “You could take a nature walk, you could have your own racquetball session, you could play basketball.”
And when the world isn’t living in quarantine, the estate also has the room to host one heck of a post-pandemic bash.
“You could have hundreds of people at this house,” he said. The 10,000-square-foot main house is equipped with two butler’s pantries and a kitchen with commercial-grade appliances.
A series of airy living rooms feature glass doors that peel away to the outdoors, where there are views over Mount Tamalpais—”the Empire State Building” of Marin County, Mr. Deitch said—and in the other direction to the San Francisco skyline.
Check out our Compass California Blog for more content!