Marc Andreessen is a software engineer, entrepreneur, and investor who was born in Iowa in 1971. He is known for being the co-author of Mosaic, which was the first widely used web browser. Andreessen is also the co-founder of both the computer services company Netscape and the software company Opsware. He later sold the latter to Hewlett-Packard. Furthermore, Andreessen is a co-founder of the social networking platform Ning, and he is on the board of directors of Meta platforms. Currently, the entrepreneur focuses predominantly on the Silicon Valley venture capital firm Andreessen Horowitz, of which he is a co-founder and general partner. In his personal life, Andreessen is married to Laura Arrillaga, who is the only daughter of John Arrillaga, a multi-billionaire real estate developer. The couple has one son together. Due to the phenomenal success of his career that spans several industries, Andreessen has become a billionaire. According to Forbes, Marc Andreessen’s net worth is estimated at $1.6 billion. Therefore, it is no wonder he can afford to take his pick of luxurious properties in the location of his choice. Andreessen’s most recent purchase is a 13-structure compound in Malibu, for which he has paid a record-breaking $177 million. Here is a look at what the entrepreneur got for his money.
An Overview of the Record-Breaking Sale
In 2020, Jeff Bezos bought an estate in Beverley Hills for a whopping $165 million. At that time, it was the highest real estate deal in California of all time. Now, Marc Andreessen has broken that record by buying his 13-structure Malibu compound for a figure that exceeds the previous record by $12 million. Andreessen bought the compound from apparel mogul Serge Azria and his wife, Florence. In addition to being the highest real estate deal in California, this sale is also the second-highest in the United States. The only property sold that has exceeded this price tag was a luxurious condo in New York City that sold for $238 million.
However, if Azria had his own way, the Malibu property would also have broken this record. Although the property was never listed, Azria began looking for a buyer for the compound in 2020, and he originally wanted $250 million. Now that he has sold up, Azria has moved to a smaller estate in Bel Air that cost him $16.4 million. While the off-market deal seems a staggering amount of money and more than most people can even dream of having, there is a lot included in the sale. The property was originally built in 1980, and then many sections were rebuilt in 2017. There is a total of 13 separate structures across almost seven acres. However, the property’s location is one of its most appealing features and one of the reasons why the compound is worth such a high price tag. It is positioned on top of a blufftop that overlooks Paradise Cove, which is widely considered one of the most beautiful beaches in Malibu. The area’s beauty has also attracted many other millionaire and billionaire residents. Some other rich and famous residents of Paradise Cove include art collectors Bill and Maria Bell, L.A. Rams owner Stan Kroenke, Laurene Powell Jobs, Beats by Dre mogul Jimmy Iovine, and WhatsApp founder Jan Koum. Although Andreessen has paid an eye-watering figure for the Malibu compound, it is not his main residence. Andreessen and his wife primarily live in a Tuscan-style mansion in Atherton, California. The couple paid $16.6 million for the estate in 2007, says Dirt.com.
A Look at Andreessen’s Californian Compound
As Andreessen’s new home was never listed on the market, specific details about the property are unclear, and photographs of its interior are limited. Therefore, the exact nature of the 13 separate structures is unknown, although it is clear that the structures within the compound offer the potential for multiple different uses. From the street, there are stone pillars at the end of the driveway, which also has farmhouse-style wooden gates. On each side of the long driveway, there are trees and hedges. The seven acres of grounds surrounding the property accommodate all the additional structures and provide ample space for outdoor leisure activities, alfresco dining, and entertaining guests.
There are multiple outdoor spaces and covered areas with seating or that are set up with dining furniture. The rest of the grounds are divided into areas of trees, lawns, and paving. One of the highlights of the grounds is a large outdoor pool that is set within a paved area of the garden and is surrounded by trees and shrubbery. From the pool, there are stunning views of the ocean. Despite having almost seven acres of grounds to explore, an appealing feature of the property is that it has direct beach access. From the end of the garden, there are pathways leading down a shrubbery-filled slope onto the beach. Internally, the main house was finished to the highest standard when it was almost completely rebuilt in 2017. A neutral color scheme, wood flooring, and large windows that showcase the views are features that run throughout the interior of the property. There are three separate seating areas in the great room, one on either side of the room and the other at the far end. To the other end of the great room is an alcove with a work desk.
Central to the room is an eight-seat dining table. It is unknown how many bedrooms there are in the main property or across the various structures of the whole compound. However, the master suite in the main house shows the standard of accommodation. The bedroom is a vast space with a separate sitting area and a custom closet. However, it is the ensuite bathroom that really shows how luxurious the property is in terms of both its design and features. The freestanding bath and shower are set into an alcove with glass doors, while the main section of the bathroom boasts a granite double vanity. Central to the bathroom is a carved wooden chaise lounge. Doors on either side of the vanity lead out to a private patio.