Facebook investor, rock star lists Woodside estate for $38M

Early Facebook investor and Moonalice guitarist Roger McNamee plans to list his longtime Woodside estate for $38 million. The property was recently posted as a “Coming Soon” listing from Compass agents Mary and Brent Gullixson.

The Gullixsons did not reply to requests for comment but property records show that McNamee and his wife and bandmate Ann bought the 4.5-acre property at 300 Olive Hill Lane in 1999 for $6.6 million. In 2012, they added the 3.4-acre estate at 301 Olive Hill Lane for $7 million and in 2015 they extended their holdings on the block with a similarly sized property at 303 Olive Hill Lane. Listing notes for 300 Olive Hill state that an “adjacent parcel and residence” are also for sale, but it doesn’t specify which one or include a price

McNamee is a long-time tech investor who has started several funds, including Elevation Partners in 2004 with U2 frontman Bono. The fund was an early investor in Facebook, though McNamee later soured on the social media company and wrote a New York Times bestseller called “Zucked: Waking Up to the Facebook Catastrophe,” which was released in 2019.

He also has another career as the founder and guitarist of the touring rock collective Moonalice, where he goes by the stage name Chubby Wombat Moonalice. In 2012, the Rock and Roll Hall of Fame recognized the Bay Area group as the first band without a label to hit a million song downloads from its own website. The band’s song “It’s 4:20 Somewhere” has been downloaded nearly 5 million times. The McNamees also co-founded the Haight Street Art Center, a gallery and print shop specializing in concert posters.

The couple’s eclectic interests are evidenced in some of the unique features on their grounds, including a train track that the listing notes is for “adults and children,” a labyrinth and a manicured garden with peace-sign-shaped plantings and more than 7,000 flower bulbs. The 1928 five-bedroom, 5.5-bath main home still has its original redwood walls, oak floors and millwork, as well as a professional recording studio and a model train room.

At $38 million, the home would be the most expensive estate on the market in Woodside, now that Warriors owner Joe Lacob has bought the 3.3-acre new build across the street from Larry Ellison. It sold for $40 million last month, after listing at one point for $110 million. The McNamees’ three properties, which total more than 10 acres, are around the corner from the 74-acre Green Gables estate, which dropped from $135 million to $125 million last year.