Gabe Newell Purchases $70.8 Million Manalapan Estate
Valve co-founder and CEO Gabe Newell has purchased a spectacular waterfront estate in Manalapan, Florida, for $70.8 million.
The acquisition places the billionaire behind Valve, whose company operates the Steam gaming platform, among the residents of one of South Florida’s most exclusive oceanfront communities.
Taking up 2 acres from the Atlantic Ocean to the Intracoastal Waterway, the property features a nearly 20,000-square-foot contemporary residence complete with a private dock, boat lift, expansive pool, and even its own underground tunnel leading directly to the beach.
Property Highlights
Price: $70.8 Million
Location: Manalapan, Florida
Size: 19,661 square feet
Lot Size: 2.06 acres
Bedrooms: 7
Bathrooms: 13
Notable Features: Ocean-to-Intracoastal compound, private beach tunnel, dock with boat lift, resort-style pool and spa, wellness wing, wine cellar, guest apartment, eight-car garage, Crestron smart home system
For more information about this sale, reach out to the seller’s agent, Margit Brandt of Premier Estate Properties at office@margitbrandtpalmbeach.com.
Entering Newell’s New Mansion
Newell’s new home sits on one of the deepest oceanfront parcels in Manalapan’s prestigious Estate Section.
Designed by the Benedict Bullock Group and built by RWB, the three-story residence makes a great first impression with its clean contemporary architecture, crisp white exterior, and full-wall glass windows.
Glass-railed balconies and deep roof overhangs reinforce the home’s modern design as you step up to the glass front door.
Eight-Car Garage
Just around the corner from the main entrance is an eight-car garage finished with large-format porcelain tile floors and recessed tray ceilings with integrated lighting.
Game Room
Inside, one of the home’s most unique spaces is a dedicated game room perfect for Newell.
Designed with custom workstations wrapping the perimeter, open display shelving, and generous floor space at the center, it is perfectly suited for showcasing collections, building models, gaming, or pursuing creative hobbies.
Outdoor Patio
Stepping through the doors from the main living areas, the home transitions onto a covered loggia that overlooks the pool below.
Summer Kitchen
One side of the loggia features a fully equipped summer kitchen finished with dramatic waterfall stone countertops that wrap around an oversized island with bar seating.
Built-in grilling appliances, refrigeration, a sink, and generous prep space make it perfect for family meals or large gatherings, while a long outdoor dining table sits just steps away.
Open-Air Lounge
Beyond the kitchen, the terrace opens to a comfortable outdoor living room positioned to take full advantage of the Intracoastal water views.
Pool and Spa
Stepping down onto the main patio, the backyard is centered around a resort-style pool that stretches toward the Intracoastal.
A raised square spa sits at the near end of the pool, surrounded by a shallow sun shelf that transitions into the deeper swimming area.
Wide stone terraces frame both sides with rows of chaise lounges and plenty of open space for relaxing in the sun.
Dock and Boat Lift
On the Intracoastal side of the property, a private concrete dock with a boat lift provides quick access to open water.
Beachfront Cabana
However, one of the estate’s most distinctive features lies beyond the backyard, where a private underground tunnel travels beneath the property to a dedicated beachfront cabana on the ocean side of the road.
Emerging from the tunnel, the cabana offers a secluded retreat steps from the sand, complete with an outdoor shower and a terrace with its own outdoor grilling area overlooking the dunes.
Rather than crossing the street to reach the beach, owners can move easily between the main residence and their private oceanfront cabana, enjoying the convenience of both Intracoastal and direct beachfront living.
Final Thoughts
For Newell, this purchase adds one of South Florida’s most significant waterfront estates to his real estate portfolio.
Spanning nearly 20,000 square feet, the 2020-built residence combines direct frontage on both the Intracoastal Waterway and the Atlantic Ocean with amenities ranging from an eight-car gallery garage to a private beachfront cabana.
Overall, the home’s scale, privacy, and craftsmanship make it one of the most impressive properties recently purchased in Manalapan’s coveted Estate Section.
