RealReal Founder Julie Wainwright Sells Beverly Hills Home

Fashion entrepreneur Julie Wainwright found just the right fit in a buyer for her contemporary Trousdale Estates home, The Real Deal has learned.

Wainwright, founder and former CEO of luxury consignment company The RealReal, sold her home at 590 Haynes Avenue in Beverly Hills for $10.7 million to a mystery buyer.

The listing for the property and Wainwright’s agent, Josh Flagg of Compass, called the Steve Hermann-designed residence “hands down the best deal in Trousdale Estates.”

Keller Williams Realty’s Hang Zhang brokered the transaction on behalf of the buyer.

RealReal Founder Julie Wainwright Sells Beverly Hills Home — 590 Haynes Avenue (Paul Barnaby)

Compass declined to comment on the buyer, while Zhang could not be reached for comment Friday.

Wainwright, who stepped down from her RealReal CEO and chair duties in 2022, placed the home on the market in August for just under $12 million.

The fashion executive launched the luxury consignment marketplace in 2011, with The RealReal making waves for its digital approach to high-end reselling. The company entered brick-and-mortar in 2017 with a permanent store in New York that kickstarted its physical retail expansion. Two years later, The RealReal raised $300 million in an initial public offering.

The 4,500-square-foot Haynes Avenue home sits on over half an acre lot that’s gated for privacy. It counts five bedrooms and five-and-a-half baths. Inside is Terrazzo flooring and a private wing housing the primary suite. Outside amenities include a teakwood deck, infinity pool and views of Trousdale Estates.

Haynes Avenue marks another Trousdale transaction for Flagg in recent months.

The home is less than a mile from 1875 Carla Ridge, the former home of singer Charlie Puth. Flagg bought the Mid-Century Modern in the fall, paying an undisclosed sum in an off-market deal, sources told TRD at the time.

Puth paid $9 million for the more than 4,400-square-foot home in 2017. He listed it last November for nearly $17 million before reducing the price, with the most recent ask before it went into contract at just under $11 million.