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PC Gamer
PC Gamer
Harvey Randall

Gabe Newell buys $70.8 million mansion in Florida, and naturally it has a dock for his superyachts and a personal tunnel to the ocean

Gabe Newell in an Oceanco ad.

Gabe Newell, yacht enthusiast and the founder of one of the biggest videogame storefronts and developers on the planet, has just bought a big stonking house with his seemingly bottomless well of "I own Steam" money.

The news comes courtesy of the Wall Street Journal, which reveals that Newell has bought a property in Manalapan, Florida, for $70.8 million from Cindy and Ron McMackin. The home's previous owners certainly didn't get a bad deal, mind, having purchased it for $39 million in 2020. Ah, to be on the property ladder and to make almost $32 million just by living somewhere.

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