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Mystery Crypto Billionaire Pays Record $83 Million for Pacific Palisades Mansion (www.dirt.com)

Mystery Crypto Billionaire Pays Record $83 Million for Pacific Palisades Mansion

A hilltop Pacific Palisades mansion with a retractable roof and two panic rooms has sold for $83 million, shattering residential sales records on the Westside of Los Angeles. It’s also the second-priciest California home sale of 2021, so far, behind only an $87 million Malibu transaction that recorded in February.

While the house was never formally offered for sale, it had once been marketed as an $88 million pocket listing, and was also briefly offered for rent at the start of the COVID-19 pandemic, asking $350,000 per month. Real estate sources say the new owner’s fortune comes from their cryptocurrency holdings, though the name of the billionaire buyer — and whether they’ve already moved into the wildly extravagant mansion — publicly remains a mystery, for now.

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