The winner of the $2-billion Powerball jackpot isn’t wasting any time spending the money. Edwin Castro, who came forward last month to collect the record-setting lottery prize, just spent $25.5 million on a new house in Hollywood Hills.
Castro, who chose to collect the money as a lump sum of about $997.6 million before taxes, bought the modern mansion under a limited liability company, records show. The splashy purchase amounts to around 2.56% of his winnings.
It’s the most expensive sale in Hollywood Hills this year and among the neighborhood’s priciest ever. Castro got a slight discount on the property, which listed for $29.95 million last summer.
Tucked behind gates overlooking the Sunset Strip and Chateau Marmont, the hillside home was built last year by Roman James Design, a luxury development company. Wood and concrete adorn the boxy exterior, leading to open-concept, indoor-outdoor spaces with sweeping views of the city below.
The three-story home (plus rooftop deck) has five bedrooms and six bathrooms, as well as a game room, wine cellar, movie theater, wet bar, gym, cold plunge, steam shower and sauna.
Walls of glass open to the back, where patios lead to a swimming pool, spa and outdoor kitchen. The property covers just over half an acre.
Stefan Pommepuy and H. Blair Chang of the Agency held the listing with Drew Fenton of Carolwood Estates. Max Lindenberger of Back Bay Realty Group represented the buyer.
Castro in November bought a lottery ticket at an Altadena gas station that matched all five numbers plus the Powerball. He declined to speak publicly when he collected the winnings in February but released a statement saying he was “shocked and ecstatic.”
View Listing | Represented by Drew Fenton
Story courtesy of Los Angeles Times