Home
News
Intro: a cryptocurrency billionaire has purchased a luxury house in California for a whopping $83 million. The palatial mansion is the most expensive second biggest purchase in California via cryptocurrency.
Who does not want to live a life full of luxury? All of us of course dream of a house that has all the amenities of a luxury lifestyle. And this one will sure to take you to the moon. A one of its kind luxury house in California has hit the headlines as it was sold for a whopping $83 million.
This luxurious house was purchased by a cryptocurrency billionaire, who assured that they would be secure at home. But how would they be secure? The palatial mansion has been equipped with two panic rooms.
As per the real estate website Dirt, the 20,000 square feet of space has 6 bedrooms, 18 bathrooms and a retractable roof. If the two ain’t rooms were not enough, the mansion also has a master bedroom that can also be accessed by a retinal scanner.
Expensive property in California
The mansion has been constructed by developer Ardie Tavangarian and is indexed by Branden and Rayni Williams of Beverly Hills Estates and Judy Feder of Hilton and Hyland. The mansion is the second most expensive residential property in California. The other purchase that was made earlier this year in February was of $87million Malibu transaction.
The house was never on sale. It was only once marketed as an $88 million pocket listing and was also offered for rent during the beginning of the Covid-19 pandemic.
The new owner has made their fortune with cryptocurrency holdings and purchased the home in an off-market deal, as per the real estate sources.
The house also has a chef’s kitchen, designed by Nobu, a theatre, an infinity pool and a spa. While the home’s high price is not unusual in California, it is unusual for the West side of Los Angeles. The purchase has formed a new record in LA.
This plush house was on rent of $350,000 a month before the purchase. Despite the reality, the new owner’s identification continues to be hidden, Forbes estimates that there are actually 12 cryptocurrency billionaires in the world, up from 4 in 2020.
Cryptocurrencies have been gaining popularity and crypto tycoons are a relatively new phenomenon. They have begun making big inroads into the wealthiest sector of the high-end real estate market, especially in LA. A Hollywood Hill mansion was sold to a first Coinbase employee, Olaf Carlson Wee for $28.5 million.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
