Gabe Newell buys $70.8M Florida mansion with an ocean tunnel and a dock for his superyachts

Steam founder Gabe Newell just dropped $70.8 million on a property in Manalapan, Florida, according to the Wall Street Journal. The sellers, Cindy and Ron McMackin, walked away happy too — they paid $39 million for it in 2020, netting nearly $32 million just by living there.

The estate spans roughly 20,000 square feet, sits on the Intracoastal Waterway, and comes with a tunnel connecting the house directly to the ocean. There's also a dock and boat lift — handy, given that Newell picked up a $500 million superyacht back in May. A large outdoor pool rounds things out, as you'd expect for a mansion at this price point.

Newell has been deep into scuba diving lately, and the setup makes perfect sense for his lifestyle. In a YouTube interview last July, he described his daily routine as: "I get up, I work, I go scuba-diving, work some more, then either go on a second scuba dive or I go to the gym and work out. I live on a boat so I just hang out with everybody on the boat. Then I work." A mansion with ocean access and superyacht parking is basically the logical upgrade.