LoanDepot CEO Anthony Hsieh is the new owner of a contemporary estate in Newport Beach. Hsieh dropped a cool $61 million on the waterfront property, which is anchored by a 19,000 sq. ft. main house. The property had been listed for at least $68 million prior to the sale.

The house is a contemporary Mediterranean mansion with a limestone exterior. The grounds extend to a little less than one acre, with gardens, groomed landscaping, and a garage that spans some 6,800 sq. ft.—enough space for a dozen cars.

The interiors of the mansion are almost ethereal; pale beige tones are used prominently, and natural stone provides texture. Tile floors, backlit tray ceilings and steel-framed windows and French doors are also featured. In the back of the home, the two levels open hugely to the ocean views, which survey over 80 miles of coastline.

Amenities on this property include a gym, a home theater, a massive master suite, a sauna, guest or maid’s quarters, and a detached guest house. Outside an infinity pool, a fire pit, and extensive terrace and patio space overlook the ocean. The Newport Coast amenities include hiking trails, a club house, a spa, and tennis and sports courts.

The purchase registers as the most expensive home sale in Orange County to date. Another high profile transaction was completed in the area earlier this year when author Dean Koontz sold his home for $50 million.

Anthony Hsieh founded LoanDepot in 2010. The company has funded over $200 billion to date. Hsieh’s net worth is reportedly north of $2 billion.