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Snapchat’s Evan Spiegel Spends $100 Million to Buy Unfinished Holmby Hills Estate (www.dirt.com)

Snapchat’s Evan Spiegel Spends $100 Million to Buy Unfinished Holmby Hills Estate

The complicated transaction involves two side-by-side properties across the street from the Playboy Mansion, both of them sold by English billionaire Ian Livingstone. Totaling about four acres of mostly flat land, the estate is comprised of a 1.4-acre parcel that’s completely vacant — Spiegel paid exactly $25 million for that lot back in May, records reveal. There’s also a larger 2.6-acre parcel that contains a mansion, albeit a mansion that’s currently gutted and under major construction. The amount Spiegel paid for that parcel hasn’t yet appeared in real estate documents, but corporation records show he created a shell company to purchase the place way back in February, so the entire deal — believed to top $100 million — has been in the works for the better part of a year.

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