Adam Neumann gets $22M for California estate

Former WeWork CEO parts with sprawling property outside Bay Area

Los Angeles /
Apr.April 14, 2021 09:30 AM
Adam Neumann and the “Guitar House” in in Corte Madera (Getty, Realtor)

Adam Neumann and the “Guitar House” in in Corte Madera (Getty, Realtor)

WeWork’s co-founder and ex-CEO Adam Neumann has sold his northern California estate for $22.4 million, according to the New York Post.

Neumann bought the sprawling property in 2018 for $21.4 million. The home sits on 10.8 acres outside the Bay Area and stretches over 12,500 square feet.

Following his humbling exit from WeWork in 2019, Neumann put several of his properties on the market. The seven-bedroom, seven-bathroom home in Corte Madera was listed last August for $27.5 million.

Designed by architect Sim Van der Ryn, it is known as the “Guitar House” for the shape of one of the rooms. The property also features a pool and water slide, spa, music studio, home theatre and racquetball court, as well as a two-bedroom, two-bathroom guest house.

Neumann and his wife recently sold their Southampton farmhouse for $1.25 million and their Westchester County estate for $3.39 million.

Neumann is apparently still looking for a buyer for his triplex penthouse at 78 Irving Place in Gramercy Park.

While claiming to be a tech company, WeWork and Neumann assembled a $90 million real estate portfolio during his time with the company. But its quest to go public fell apart as prospective investors scrutinized the operation and media reports exposed a tawdry company culture and profligate spending.

[NYPost] — Sasha Jones





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