A new build in Hollywood Hills has sold to Fanatics CEO Michael Rubin. According to Dirt, Rubin paid $70 million for the trophy residence, shattering the previous neighborhood record of $42 million. President Ronald Reagan is among the property’s former owners.

The home has been entirely rebuilt. The structure that now stands on the .72-acre lot in Hollywood Hills’ Bird Streets district is a brand new mansion with 15,000 sq. ft. of interiors; listing information details seven bedrooms and twelve baths.

Billionaire Canadian businessman Francesco Aquilini is the seller. Aquilini is chairman of the Vancouver Canucks; one can safely assume that he was pleased as punch to have set a sales record for the area.

Rubin’s net worth is north of $10 billion, per Forbes.