After two years of gradually selling off shares of her company’s stock — to the tune of nearly $34 million — the chief of the world’s largest online marketplace for resale luxury goods is reinvesting some of that cash into Beverly Hills, shelling out about $9.7 million to purchase a posh Steve Hermann-designed home from Toni & Guy cofounder Bruno Mascolo, who himself paid $6.4 million for the property back in 2010.
Besides her new Beverly Hills digs, Julie Wainwright — founder and CEO of San Francisco-based The RealReal, which has given her a reported $100 million net worth — also owns a $6.8 million condo on the 34th floor of New York City’s posh Woolworth Tower Residences.
As for the consignment pasha’s newest home, situated in the celeb-studded Trousdale Estates neighborhood, the gated home is touted in the listing as being a “wow on every level,” from the alluring courtyard punctuated by terrazzo fountains to the chic interiors offering 4,500 square feet of single level living space rife with copious walls of glass providing seamless indoor/outdoor environs and eye-catching city views from almost every vantage point.
Among the highlights: a spacious family room outfitted with a wall of shelves and a sexy linear fireplace topped by a TV; Poliform kitchen sporting an eat-in peninsula and a wealth of storage options; and dining room adorned with a modern designer light fixture. Especially standing out, though, is the massive master retreat (one of five en-suite bedrooms in the house), which is outfitted with a floor-to-ceiling wall of glass, and a luxe Antonio Lupi bath equipped with dual vanities, a soaking tub and large walk-in shower.
Back outdoors, a pool is surrounded by a flat, grassy yard, along with a teakwood deck and built-in benches ideal for relaxing and entertaining. This is also a full-fledged smart home, with a state-of-the-art audio/visual system.
Wainwright is actually an internet/tech pioneer; in 1997, the Purdue grad launched the online video site Reel.com, later taking the reigns as CEO of Pets.com in 1999. Then the tech bubble burst, and the site collapsed under crippling $300 million debt soon after going public in 2000. Wainwright was active in numerous other online start-ups before 2011, when she founded The RealReal. Today, the company has 16 retail sites nationwide, where customers can sell women’s, men’s and kids’ fashion, fine jewelry, watches, fine art and home décor.