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Valve CEO Gabe Newell Purchases $70.8M Florida Mansion

6/19/2026

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Summary

Story summary

Gabe Newell, Valve founder and president, bought a 20,000-sq-ft Manalapan, Florida mansion for $70.8 million.
The Intracoastal Waterway estate, which has a dock, boat lift, pool and ocean tunnel, was sold by broker Margit Brandt from owners Cindy and Ron McMackin, who paid $39 million in 2020.
Neither Newell nor Valve provided a comment.

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Story summary

Gabe Newell, Valve founder and president, bought a 20,000-sq-ft Manalapan, Florida mansion for $70.8 million.
The Intracoastal Waterway estate, which has a dock, boat lift, pool and ocean tunnel, was sold by broker Margit Brandt from owners Cindy and Ron McMackin, who paid $39 million in 2020.
Neither Newell nor Valve provided a comment.