Tech billionaire Marc Andreessen is looking to cash out of his longtime home of Atherton.
The investor behind venture capital firm a16z and his wife Laura Arrillaga-Andreessen are listing their 12,200-square-foot home at 164 Elena Avenue in Atherton for $33.4 million, according to the Wall Street Journal.
Compass agent Mary Gullixson is marketing the home for sale with Brent Gullixson, her son and business partner. Both declined to comment on why Andreessen had decided to sell. Andreessen and Arrillaga-Andreessen also declined to comment.
The listing comes after Andreessen and his wife spent more than $250 million buying property across three enclaves in Malibu over the course of six months in 2022.
First, Andreessen bought a surfside compound for $177 million, then another down the road for $44.5 million and then a third for $34 million.
Andreessen has owned the Atherton home since 2007, when he and his wife spent $16.6 million on the 1.55-acre property, according to WSJ, which did not disclose the address.
The home was built by spec home developer Colin Whiteside in the 1990s and includes a separate guesthouse, office and studio. The primary house has five bedrooms and was recently renovated.
Across the street sits the Menlo Circus Club, a private recreational club. Last year, the property was put up for city consideration to build more multifamily and workforce housing, as part of the city’s effort to get its housing plans approved by the state, according to Almanac News.
Before that, the Andreessens were among Atherton residents who voiced opposition to Atherton’s plans to add more multifamily units — part of the plans were eventually scrapped.
If the home sells at $33.4 million, it would be one of the pricier deals in Atherton in recent months. In January, VC investor Victor Lazarte bought two parcels in Atherton for $25.4 million. Gap co-founder Doris Fisher also recently sold a 2-acre lot in Atherton for $15.5 million.
— Isabella Farr
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