After nearly two years, Snapchat billionaire Evan Spiegel has finally signed a deal for his new Los Angeles home worth $120 million, according to real estate records. The long escrow is due to a multi-year restructuring that the property is still in progress. Spiegel also paid an additional $25 million for a small piece of land right next to the main estate, raising the total amount he paid for the property to $145 million. This high number makes the property one of the highest prices ever paid for a home in California, right behind other tech billionaires such as Marc Andreessen, Jeff Bezos and Lachlan Murdoch. .
Located in Holmby Hills across from the Playboy Mansion, four adjacent acres of land were sold to Spiegel by British billionaire Ian Livingston for $72 million in two transactions in 2014 and 2017 . Livingston merged both properties into his one giant estate, then began rebuilding the entire site. The property is also in the same neighborhood as his fellow tech billionaire Sean Parker, and his one neighborhood in Benedict Canyon is where Amazon founder Bezos made his $175 million investment. I own real estate.
In 2004, Kenneth “Babyface” Edmonds and his ex-wife Tracy Edmonds sold their Holmby Hills mansion to Dodgers baseball team owners Frank and Jamie McCourt for $21.3 million. After a complete renovation and expansion that included the installation of an Olympic-length indoor pool, Jamie McCourt sold the property to Livingston in his 2014.
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Spiegel and his wife, model Miranda Kerr, are living in a $12 million mansion in Brentwood previously owned by Harrison Ford while their new home awaits completion. A successful pair is $30 million villa in Paris, Australian vineyards and Malibu seaside villas. His CEO of Snapchat still owns the first home he purchased, his $3 million cottage in Brentwood, his style home as well.
Listing agents were Stephen Resnick and Jonathan Nash of Hilton & Hyland. Drew Fenton, also of Hilton & Hyland, represented the buyer.