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Gabe Newell, the billionaire founder of Valve, has paid $70.8 million to buy a 20,000 square-foot seaside mega-mansion in Florida featuring seven bedrooms, 13 bathrooms, and an underground tunnel to the beach.
The home was listed for sale in 2025 with an asking price of $85 million. It officially sold for $70,851,054 on June 15, or about 16% under the asking price. You can see many photos of the humble abode on Zillow. A video you can see below (from five years ago) takes you through the home.
The Wall Street Journal said Newell was the purchaser of the home, which is right down the road from President Donald Trump’s Mar-a-Lago resort.
The previous owners were Cindy and Ron McMackin, who founded Pan-Pacific Mechanical. They bought the home in 2020 for about $39 million, so they certainly turned a nice profit on the sale to Newell.
“We found a great family, it seems, to buy that home from us,” Ron McMackin told WSJ.
The home exists in the exclusive Manalapan community. Fellow billionaires Larry Ellison and David MacNeil also own homes in the community. Sean Hannity and Tony Robbins also live there. Billy Joel sold his Manalapan home in 2024 for $43 million.
Newell’s purchase of the Florida mansion came during a lawsuit against the company pertaining to monopoly concerns.
This was just the latest major purchase for Newell, as he owns a fleet of super-yachts as well. Valve is based in Bellevue, Washington, but Newell is known to do a lot of work from sea. Newell was visiting New Zealand when the COVID-19 pandemic broke out, and he had 48 hours to decide if he would stay or go–he stayed.
Newell is not the first gaming billionaire to spend big money on a home. Markus “Notch” Persson, who created Minecraft and sold it to Microsoft, paid $70 million for a Beverly Hills mansion in 2014, outbidding Beyonce and Jay-Z for it. Persson threw a housewarming party, and Selena Gomez dropped by.
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[[{“value”:”Gabe Newell, the billionaire founder of Valve, has paid $70.8 million to buy a 20,000 square-foot seaside mega-mansion in Florida featuring seven bedrooms, 13 bathrooms, and an underground tunnel to the beach.
The home was listed for sale in 2025 with an asking price of $85 million. It officially sold for $70,851,054 on June 15, or about 16% under the asking price. You can see many photos of the humble abode on Zillow. A video you can see below (from five years ago) takes you through the home.
The Wall Street Journal said Newell was the purchaser of the home, which is right down the road from President Donald Trump’s Mar-a-Lago resort.
The previous owners were Cindy and Ron McMackin, who founded Pan-Pacific Mechanical. They bought the home in 2020 for about $39 million, so they certainly turned a nice profit on the sale to Newell.
“We found a great family, it seems, to buy that home from us,” Ron McMackin told WSJ.
The home exists in the exclusive Manalapan community. Fellow billionaires Larry Ellison and David MacNeil also own homes in the community. Sean Hannity and Tony Robbins also live there. Billy Joel sold his Manalapan home in 2024 for $43 million.
Newell’s purchase of the Florida mansion came during a lawsuit against the company pertaining to monopoly concerns.
This was just the latest major purchase for Newell, as he owns a fleet of super-yachts as well. Valve is based in Bellevue, Washington, but Newell is known to do a lot of work from sea. Newell was visiting New Zealand when the COVID-19 pandemic broke out, and he had 48 hours to decide if he would stay or go–he stayed.
Newell is not the first gaming billionaire to spend big money on a home. Markus “Notch” Persson, who created Minecraft and sold it to Microsoft, paid $70 million for a Beverly Hills mansion in 2014, outbidding Beyonce and Jay-Z for it. Persson threw a housewarming party, and Selena Gomez dropped by.”}]] Read More GameSpot – All Content
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