The Andersons have owned the home since 2007 and performed extensive renovations. The couple also recently purchased several properties in Malibu, signaling their allegiance to Southern California.
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Billionaire Marc Andreessen’s recent real estate moves could signal a major shift in the lifestyle of the software engineer and venture capitalist.
Anderson and his wife, Laura Arrillaga-Andreessen, have owned a 12,200-square-foot property in Atherton, Calif., since 2007 that is currently listed for $33.375 million. wall street journal reported on Monday.
In recent years, the couple has also spent more than $250 million on three separate properties in Malibu, suggesting they may be shifting their lifestyle from the tech cities of Northern California to the beach paradise of Southern California.
The Andersons first purchased the 1.55-acre estate for $16.6 million. wall street journal the report said. The property was built by developer Colin Whiteside in the 1990s but recently underwent a four-year renovation.
The property includes a five-bedroom main residence, a one-bedroom self-contained guest house and a self-contained office studio, according to the property. Listing description. The main building also houses a study, office, upper and lower lounges, fitness center and cinema room, spread over three floors and accessible by elevator.
Mary Gullixson of Compass and her son Brent Gullixson represented the listing. They declined to comment on why the Andersons sold their shares.
Exterior features include manicured artificial and natural lawns, as well as a variety of trees, gardens, covered patios and pergolas, fountains and reflecting pools.
The estate is located across the street from the Menlo Circus Club, a historic private social and leisure club that first opened in the 1920s.
The Andersons’ recent Malibu purchases include a $177 million, seven-acre estate in Paradise Cove, a $44.5 million estate in Escondido Beach, and a $44.5 million property in Paradise Cove A $34 million beachfront home near Paradise Cove.
In 1994, Andreessen co-founded Netscape with James H. Clark as Mosaic Communications Corp. The company was acquired by AOL in 1999 for $4.2 billion. Andreessen Horowitz, a venture capital firm he co-founded in 2009, has invested in technology giants such as Facebook, Coinbase and Slack. Arriaga-Anderson is a faculty member at the Stanford Graduate School of Business and founder of the Stanford Center on Philanthropy and Civil Society.
Atherton is one of the wealthiest enclaves in the United States, home to many Silicon Valley tycoons, including former Google CEO Eric Schmidt. According to data, the median sales price of homes in the town in February 2023 was $5.7 million, a 46% annual decrease redfin tuna.
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