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
    Max Azria and his Holmby Hills property, Paul R Williams and Sidney Sheldon (Getty Images, Zillow, Wikipedia, Los Angeles Conservancy, Illustration by Kevin Cifuentes for The Real Deal)
    Label this a bargain–price cut on late designer’s estate
    Label this a bargain–price cut on late designer’s estate
    Grant Cardone and 21808 Pacific Coast Highway in Malibu (Cardone via Ray Kachatorian, Compass)
    “Malibooyah!”: Grant Cardone revealed as buyer of Ukrainian tycoon’s mansion on Carbon Beach
    “Malibooyah!”: Grant Cardone revealed as buyer of Ukrainian tycoon’s mansion on Carbon Beach
    Ukrainian tycoon finds buyer for Malibu mansion
    Ukrainian tycoon finds buyer for Malibu mansion
    Ukrainian tycoon finds buyer for Malibu mansion
    Zillow survey: Calabasas, Malibu rank among most popular cities in U.S.
    Calabasas, Malibu among most popular cities in U.S. for cyber surfers
    Calabasas, Malibu among most popular cities in U.S. for cyber surfers
    601 South Windsor Boulevard in Los Angeles and Justin Tranter (The Agency, Getty)
    Justin Bieber scribe buys $10.3M home in Windsor Square
    Justin Bieber scribe buys $10.3M home in Windsor Square
    Jeff Hyland and the property at 23585 Zuniga Road (Wikipedia, Compass)
    Luxury broker Jeff Hyland lists own Topanga estate
    Luxury broker Jeff Hyland lists own Topanga estate
    Kanye West sticks close to Kim Kardashian with latest buy
    Kanye West sticks close to Kim Kardashian with latest buy
    Kanye West sticks close to Kim Kardashian with latest buy
    Catherina Gores drops $17M on Malibu Colony beach house
    Catherina Gores drops $17M on Malibu Colony beach house
    Catherina Gores drops $17M on Malibu Colony beach house
    arrow_forward_ios

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

    Loading...