Owner of Bay FC soccer team lists Atherton home for $25M

Alan Waxman, the CEO of investment firm Sixth Street Partners who recently invested $125 million in a new Bay Area women’s professional soccer team, has listed his Atherton home for $25 million.

Waxman and his wife Charlotte bought the newly built home at 76 Almendral Avenue in 2010 from luxury home builder Pacific Peninsula Group for $11.3 million, according to public records. That’s about a year after Waxman co-founded Sixth Street, which now has $65 billion in assets.

Waxman recently told The Athletic that the firm will commit more capital and resources to newly launched expansion team Bay FC “than probably any women’s professional sports team in the world.” The team will begin playing next year in San Jose’s PayPal Park, where the Earthquakes, the men’s professional soccer team, have played since 2015.

The new listing has one of the highest price tags in the country’s most expensive zip code, where seven properties, including some vacant land, have sold for over $20 million so far this year. It was listed earlier this month by Brent and Mary Gullixson of Compass.

The price for the six-bedroom, 6.5-bath estate on one acre works out to about $2,500 per square foot.

The Gullixsons declined to comment, but according to the listing notes the home has just over 10,000 square feet on three levels. It has four en suite bedrooms on the upper level, including a children’s room with a space theme and another with an African safari motif. The final bedroom suite is on the lower level, which also has a home theater, home gym and recreational room with a wine cellar and bar.

The main level has two offices, a formal dining room, and an open kitchen and living area that leads out to a covered patio with a built-in barbecue and outdoor fireplace. The outdoor amenities include a pool and spa surrounded by glass safety fencing, outdoor shower and plunge tub, and custom playground. There’s also a one-bedroom, one-bath guest house with its own kitchen.

Pacific Peninsula Group developed the property over three years after buying the land from the previous owner for $4.25 million in 2007. According to Atherton permit records, it looks like the Waxmans have kept the home largely as it was when they bought it over a decade ago, other than adding an electric vehicle charger in the three-car garage.