Contemporary design, solar panels, and Tesla power walls make this home a sustainable luxury

  • Tech investor’s California home in Manhattan Beach listed for $29.9 million
  • The house can run entirely off the electrical grid with 48 solar panels and four Tesla power walls
  • 9,500 square feet with six bedrooms, office, theater, game room, wine cellar, wet bar, and gym
  • Contemporary design with double-height ceilings, oversize pocket doors, and natural materials
  • Seller is crypto investor and tech entrepreneur Jeff Schumacher
  • Schumacher and his wife bought the house for $19.6 million in 2021
  • Selling due to company expansion in Europe and plan to spend more time in London
  • Priced aggressively to sell, one of Manhattan Beach’s priciest listings

A contemporary concrete-and-wood home in Manhattan Beach, Calif., is hitting the market for $29.9 million. Owned by tech investor Jeff Schumacher, the house is equipped with 48 solar panels and four Tesla power walls, allowing it to run entirely off the electrical grid. Spanning 9,500 square feet, the home features six bedrooms, an office, theater, game room, wine cellar, wet bar, and gym. With its double-height ceilings, oversize pocket doors, and natural materials, the house offers a modern and luxurious living space. Schumacher and his wife purchased the property for $19.6 million in 2021 but are now selling due to their company’s expansion in Europe. Priced aggressively to sell, this listing presents a unique opportunity for buyers in Manhattan Beach.

Public Companies:
Private Companies: NAX Group, BCG Digital Ventures
Key People: Jeff Schumacher (Founder and CEO of NAX Group), Jamie Schumacher (), Jason Oppenheim (Listing agent), Carmella Garcia (Listing agent), Radley Raven (Listing agent)

Factuality Level: 7
Justification: The article provides information about the sale of a luxury home in Manhattan Beach, California. It includes details about the property, the sellers, and the listing agents. The information appears to be factual and based on records and interviews. However, there is some repetition of information and unnecessary background details that are tangential to the main topic.

Noise Level: 3
Justification: The article is primarily focused on the sale of a luxury home and provides details about the property, the sellers, and the real estate market. However, it lacks depth and analysis on broader trends or implications. The information provided is mostly factual and does not contain misleading or exaggerated reporting. Overall, the article is relatively straightforward and does not dive into unrelated territories.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information about a luxury home sale in Manhattan Beach, California. While this may not directly impact financial markets or companies, it is relevant to the real estate market and potentially the local economy.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not mention any extreme events or their impacts.

Reported publicly: www.wsj.com