Adam Neumann’s Northern California compound hits the market
The Northern California compound of WeWork co-founder Adam Neumann has hit the market for $27.5 million.
South of San Rafael in Corte Madera, the 10-acre hilltop estate features two houses, a detached yoga studio, gardens, beehives and a private water well. There are four bedrooms, five bathrooms, a music room/theater and a billiards room in the 10,000-square-foot main house. The guesthouse has two bedrooms, a wine cellar and a regulation-size racquetball court.
Views take in the Golden Gate Bridge and the San Francisco skyline.
The compound, designed by Sim Van der Ryn, was built in 2002 using rammed earth, a technique that involves compacting soil and other natural materials to create dense walls. Rammed earth homes typically have superior thermal mass, making them more energy-efficient while being almost entirely fire-resistant.
Neumann, who resigned from his role as CEO last year, co-founded the commercial real estate company WeWork in 2010. Known for its co-working spaces, the company attracted a private valuation of $47 billion last year but shelved plans for its initial offering because of investor concerns over the company’s business model.
He bought the estate two years ago for $21.4 million, records show.
Joshua Deitch of Compass holds the listing.
Inside the homes of the rich and famous.
Glimpse their lives and latest real estate deals in our weekly Hot Property newsletter.
You may occasionally receive promotional content from the Los Angeles Times.