Buyer reveal: WeWork exec Michael Gross buys Fleetwood Mac guitarist Lindsey Buckingham’s Brentwood home

The custom-built home sold six weeks after hitting the market

TRD LOS ANGELES /
Jul.July 18, 2019 05:00 PM
Lindsey Buckingham, Michael Gross, and the home on Saltair Avenue (Credit: Getty Images and Zillow)
Lindsey Buckingham, Michael Gross, and the home on Saltair Avenue (Credit: Getty Images and Zillow)

Michael Gross has a new pad in Brentwood, built by none other than rockstar Lindsey Buckingham.

The vice chairman at WeWork spent $28 million to acquire the home of the former Fleetwood Mac guitarist, Variety reported. It hit the market seeking $29.5 million just six weeks prior.

Sitting on a 1.2-acre lot, the 10,000-square-foot residence boasts eight bedrooms, 11 bathrooms, a recording studio, a two-story tower and a billiards room. It also includes a tennis court, gym, swimming pool and guesthouse.

Buckingham and his wife, Kristen, paid $6.6 million to acquire the land in 2004, records show. The couple then custom-built the estate, which was completed three years later.

Jeff Hyland of Hilton & Hyland and Jade Mills of Coldwell Banker Global Luxury had the listing. Danny Brown of Compass represented the buyer.

Gross’ $28 million purchase comes as his co-working behemoth eyes an IPO. WeWork, which remains unprofitable, is currently seeking to sell some of its debt, potentially raising as much as $10 billion ahead of its public offering.

Gross and his wife, producer and director Amy Miller Gross, still own a triplex in Manhattan’s Tribeca neighborhood. Adam Neumann, co-founder of WeWork, also lives in the city. He paid $35 million to acquire a home in Gramercy Place roughly two years ago, when his company was valued at $20 billion. [Variety]Natalie Hoberman


Related Articles

arrow_forward_ios
Robert Reffkin and 11726 San Vicente Boulevard (Credit: Google Maps and iStock)

Compass shutters second LA office

Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino

William Harold Borthwick, Charlie Munger, and the Barry Building (Credit: Adrian Scott Fine/L.A. Conservancy)

Berkshire vice chair’s family moves to demolish landmark building

Mohamed Hadid and his ill-fated spec mansion

Hadid’s Bel Air mansion must be torn down: city

Simon Fuller and his wife, Natalie

Off key: “American Idol” creator cuts price on Bel Air home

The Getty Fire (credit: Los Angeles County Fire Department Air Operations)

Brentwood sees mass home evacuations as Getty fire rages on

Kawhi Leonard and LeBron James with their California homes (Credit: Getty Images and Redfin)

Real estate rivalry: How the stars of the Lakers and Clippers live

arrow_forward_ios