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The winner of the $2-billion Powerball jackpot isn’t losing any time spending the cash. Edwin Castro, who got here ahead final month to gather the record-setting lottery prize, simply spent $25.5 million on a new home in Hollywood Hills.
Castro, who selected to gather the cash as a lump sum of about $997.6 million earlier than taxes, purchased the trendy mansion below a restricted legal responsibility firm, information present. The splashy buy quantities to round 2.56% of his winnings.
It’s the costliest sale in Hollywood Hills this 12 months and among the many neighborhood’s priciest ever. Castro bought a slight low cost on the property, which listed for $29.95 million final summer season.
Tucked behind gates overlooking the Sundown Strip and Chateau Marmont, the hillside residence was constructed final 12 months by Roman James Design, a luxurious growth firm. Wooden and concrete adorn the boxy exterior, resulting in open-concept, indoor-outdoor areas with sweeping views of town beneath.
The three-story residence (plus rooftop deck) has 5 bedrooms and 6 loos, in addition to a recreation room, wine cellar, movie show, moist bar, gymnasium, chilly plunge, steam bathe and sauna.
Partitions of glass open to the again, the place patios result in a swimming pool, spa and out of doors kitchen. The property covers simply over half an acre.
Stefan Pommepuy and H. Blair Chang of the Company held the itemizing with Drew Fenton of Carolwood Estates. Max Lindenberger of Again Bay Realty Group represented the customer.
Castro in November purchased a lottery ticket at an Altadena fuel station that matched all 5 numbers plus the Powerball. He declined to talk publicly when he collected the winnings in February however launched an announcement saying he was “shocked and ecstatic.”
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