Adam Neumann gets $22M for California estate

Former WeWork CEO parts with sprawling property outside Bay Area

Los Angeles /
Apr.April 14, 2021 06:27 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






    Related Articles

    arrow_forward_ios
    Hockey legend Wayne Gretzky and his wife, actress Janet Jones. (Getty, Nicki and Karen / Compass)
    Wayne Gretzky sells Thousand Oaks compound — again
    Wayne Gretzky sells Thousand Oaks compound — again
    Matthew Stafford and renderings of his future Hidden Hills manse. (Getty, EGC Real Estate)
    Matthew Stafford scores Hidden Hills home after trade to Rams
    Matthew Stafford scores Hidden Hills home after trade to Rams
    Tobey Maguire and his $11 million acre of dirt. (Getty, David Offer)
    Tobey Maguire sells acre of dirt in Brentwood for $11M
    Tobey Maguire sells acre of dirt in Brentwood for $11M
    Katy Perry and 9575 Lime Orchard Drive (Getty, Redfin)
    Katy Perry unloads Beverly Hills Post Office pad
    Katy Perry unloads Beverly Hills Post Office pad
    Anthony Davis and Stratford Circle mansion, Los Angeles (Getty, Google Maps)
    Anthony Davis buys Bel Air mansion with b-ball court
    Anthony Davis buys Bel Air mansion with b-ball court
    Tom Girardi and Erika Jayne with 100 Altos Drive (Getty, Compass)
    Facing lawsuits, Tom Girardi and Erika Jayne list Pasadena mansion
    Facing lawsuits, Tom Girardi and Erika Jayne list Pasadena mansion
    Phil Spector and 1700 Grand View Drive (Getty, Redfin)
    Phil Spector’s infamous Alhambra mansion sells
    Phil Spector’s infamous Alhambra mansion sells
    J.J. Abrams and the San Remo Drive home (Getty, Realtor)
    JJ Abrams hopes force awakens buyers for Pacific Palisades pad
    JJ Abrams hopes force awakens buyers for Pacific Palisades pad
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...