Peter Thiel quietly bought Los Angeles’ 40,000-sq-ft Casa Encantada for $130 million at foreclosure after it had once been listed for $250 million; his identity as the buyer stayed hidden for months
- Casa Encantada, a 40,000-square-foot Bel-Air mega mansion, known as Los Angeles' most iconic estate, has found a new owner in billionaire investor Peter Thiel.
- According to a report by LA Times, the venture capitalist and PayPal co-founder quietly bought the property through a limited liability company at a foreclosure auction in Pomona in July this year.
- The 58-year-old has become the new owner of the Old Hollywood-style mansion by shelling out $130 million, making it one of the priciest home sales ever in LA.
Unverified
- Casa Encantada, a 40,000-square-foot Bel-Air mega mansion, known as Los Angeles' most iconic estate, has found a new owner in billionaire investor Peter Thiel.
- According to a report by LA Times, the venture capitalist and PayPal co-founder quietly bought the property through a limited liability company at a foreclosure auction in Pomona in July this year.
- The 58-year-old has become the new owner of the Old Hollywood-style mansion by shelling out $130 million, making it one of the priciest home sales ever in LA.
Sources: Times of India