Billionaire Snapchat Founder Evan Spiegel Buys Unfinished L.A. Home for $100M

Published: September 4, 2021 | By: American Luxury Staff

Snap Inc. co-founder Evan Spiegel purchased a residential architectural-to-be recently. The trophy property caps a hilltop in Holmby Hills; it changed hands over two transactions reportedly totaling at least $100 million, according to Dirt.

What Spiegel got for his nine figures is a design from Woods + Dangaran on 2.6 acres, and an additional 1.4 acres of tree-bordered land in a prime spot in the city. The assembled parcel makes the coming estate a bona fide compound. The seller was British billionaire and property developer Ian Livingstone.

The plans for the estate include a guest house with two bedrooms, for a total of seven bedrooms across the property, and two staff rooms. The total living area measures in at 28,950 sq. ft.

Materials called for in the plan: architectural (finished) concrete; travertine; and teak. The home’s scale, as presented in the renderings, is stunning, with soaring steel-framed glass panes and double doors. The estate as a whole is designed for a meditative living style, and shorn of ornament inside and out, with landscape artist Christine London having planned the grounds. Amenities designed into the estate include a yoga studio, spa, and 200-foot lap pool.

Spiegel’s other real estate adventures in the Los Angeles area include the purchase of Harrison Ford’s onetime home. The Snap CEO picked up that property in 2016, for $12.5 million.

Spiegel’s net worth is in the neighborhood of $14 billion, according to Forbes.

21959 September 4, 2021 Real Estate September 4, 2021