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Loss of another Seattle-area billionaire? Valve's Gabe Newell is reported buyer of Florida estate

Gabe Newell bought a waterfront mansion in Manalapan, Florida, in June 2026. The property includes an underground tunnel to the beach. Some sources report the purchase price as $70.8 million.

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New reports provide a specific purchase price and additional property details.

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  1. Valve Founder Gabe Newell Purchases Manalapan Estate

    Gabe Newell bought a waterfront mansion in Manalapan, Florida, in June 2026. The property includes an underground tunnel to the beach. Some sources report the purchase price as $70.8 million.

    What's confirmed:

    • Gabe Newell bought a waterfront mansion in Manalapan, Florida, in June 2026.
    • The property has an underground tunnel leading to the beach.

    Still unconfirmed:

    • The mansion cost $70.8 million.
    • The property includes a dock and boat lift for superyachts.
    confidence 80%

  2. Valve Co-Founder Gabe Newell Purchases Manalapan Estate

    Gabe Newell bought a waterfront mansion in Manalapan, Florida, in June 2026. The property features an underground tunnel leading to the beach. Sources disagree on the exact purchase price and square footage.

    What's confirmed:

    • Gabe Newell is a co-founder of Valve.
    • Newell purchased a waterfront estate in Manalapan, Florida, in June 2026.
    • The residence includes an underground tunnel connecting the house to the beach.

    Still unconfirmed:

    • The purchase price was $70.8 million.
    • The purchase price was $70.9 million.
    • The home is 20,000 square feet.
    • The home is 22,900 square feet.
    • The property has 13 bathrooms, a wine cellar, and an 8-car garage.
    confidence 70%

  3. Valve Founder Gabe Newell Buys $70.8 Million Florida Estate

    Gabe Newell, the founder of Valve, has purchased a waterfront mansion in Manalapan, Florida. The 20,000-square-foot residence includes an underground tunnel connecting the house to the ocean. The property was previously listed for $85 million.

    What's confirmed:

    • Gabe Newell purchased a waterfront estate in Manalapan, Florida, for $70.8 million.
    • The residence is 20,000 square feet and sits on 2.06 acres.
    • The property features an underground tunnel connecting the home to the ocean.
    • The estate was originally listed for $85 million.
    • The home contains seven bedrooms and 13 bathrooms.

    Still unconfirmed:

    • Newell has a net worth of $11 billion.
    • Newell previously lived and worked on superyachts for six years.
    • The estate was sold by a couple with a link to Sylvester Stallone.
    • Newell invested $9.5 billion into yachts last year.
    confidence 90%