Professional and financial success gives people the opportunity to buy properties that others can only dream about. One such person who is in a position to do so is The RealReal’s founder and CEO, Julie Wainwright. It is reported that she has paid $9.7 million for a new home in Trousdale Estates in Beverly Hills, California. Julie Wainwright began her tech career in 1997 after graduating from university. She launched the online video site Reel.com. Two years later, she became the CEO of Pets.com. When the tech bubble burst, Pets.com ran into massive debt. Wainwright went on to have an active role in various online startups. In 2011, Wainwright founded The RealReal, which is an online platform for selling high-end goods. There are now 16 sites nationwide, and those who use the platform can sell clothing, watches, fine jewelry, home décor, and fine art. TheRealReal is currently the biggest and most successful business of its type. It is the success of her business that has led to Julie Wainwright having a net worth estimated at $100 million. Thanks to her sizeable bank balance, she can take her pick of luxurious properties in the location of her choice.
Her Current Home
Although she has splashed out millions for a new home in Beverly Hills, Julie Wainwright already owns a luxurious property on the East Coast. She has a stunning condo on the 34th floor of the Woolworth Tower Residences in New York City. To live at this prestigious address, Wainwright reportedly paid $6.8 million for her condo. It has not been reported that she is selling her home in New York City. Therefore, it seems likely that she has simply decided to have two homes, one on each side of the United States.
Wainwright’s Purchase of the Property in Beverly Hills
Julie Wainwright’s new home is a single-level mansion in the star-studded neighborhood of Trousdale Estates, Beverly Hills, CA, and she has reportedly paid $9.7 million for the property. She has purchased her new home from Bruno Mascolo, the founder of the Toni & Guy chain. He bought the property in 2010 for the lower price tag of $6.4 million. The property was designed by Steve Hermann, and it sits on a plot of 0.57-acres. Internally, the home measures 4,500-square-feet, and it boasts five bedrooms and 5.5-bathrooms. It is a state-of-the-art property with security features externally and a smart audio and visual system inside.
Inside Her New Home
Throughout the Beverly Hills property, there is a contemporary style and neutral décor. In almost every room, there are floor-to-ceiling glass walls, so Wainwright can enjoy views of the surrounding area no matter where she stands in her new home. A large family room is the main public space in the mansion. Like most of the other rooms, there are impressive floor-to-ceiling glass walls that give the sense of bringing the outdoors inside, offer spectacular views, and flood the living area with light. There is a fitted wall of shelves running along one wall of the family room, and these are ideal for display purposes or to use as bookcases. At one end of the room, there is a linear fireplace, above which is a wall-mounted television. The fireplace is flanked on either side by floor-to-ceiling windows. There is enough space in this room to divide it into two separate living areas or to use one end for seating and the other as an informal dining space.
Another public space on the property is the formal dining room, which leads directly from the kitchen. The dining room is one of the only areas of the house that has veered away from the neutral color scheme, as there is one wall painted in deep mustard, although the other walls are off-white. Currently, the dining room is set up with a square glass table with seating for eight people. Above the table, there is a modern chandelier. The dining room has a large glass sliding door leading to the terrace outside. In the kitchen, there are Poliform cabinets in light gray that give multiple storage options. The kitchen is fitted with the top-of-the-range appliances you would expect to find in a property of this caliber. In addition to use as a food preparation area, the kitchen also has an informal dining area in the form of an eat-in peninsula.
There are five bedrooms in the house, all of which are ensuite, so there is plenty of room for Wainwright to have friends and family to stay in if she chooses. The largest and most impressive of these is the master suite, which is an expansive and tranquil space where Wainwright can relax in her downtime. The best feature of the master retreat is the floor-to-ceiling walls of glass, which give impressive views across the city. In the Antonio Lupi ensuite, there are dual vanities, a large walk-in shower, and a soaking tub. Dark wood paneling runs along the wall with the vanities, and the opposite wall has mosaic-style tiling in shades of cream and brown.
The Grounds of the Property
To the rear of the property, most of the 0.53-acre grounds are consumed by the outdoor swimming pool. Dirt.com says the pool is surrounded by a grassy terrace, and there is also a teakwood decking area that has in-built benches for lounging and entertaining. From the benches, there are panoramic views across the city. There is further outdoor space available in the courtyard, which has contemporary water features that not only make the space attractive but also give the garden a sense of zen-like tranquillity. Slabs of granite are layered over the water features and also staggered on top of each other to create steps down to a seating area. The seating area is set on a patch of faux grass, which means the garden is low maintenance.