Behdad Eghbali has a new place to hang his hat. The billionaire behind the moniker recently picked up a $21 million house on the western margin of Brentwood Park, and it’s worth a look.

The home is a very fine contemporary Spanish style, and a new build. It was listed upon completion early last spring, asking $25.65 million. It had been priced at $22.995 million prior to the sale.

Details in the exterior architecture include a tile roof, arches, and Juliet balconies. Black steel framed windows give it that cleanly modern look, and a loggia and extended balcony in the rear of the home open it up nicely to its setting.

The interiors begin with a double-height accent above the entrance that rises to an arched clerestory. The highly figured black marble tile in the foyer is a bit of foreshadowing, as the material receives top billing as an overt expression of the living style; check out the master bath.

The shared spaces are open-concept, and quite warm; plank hardwood is used liberally—it looks a lot like acacia—and its natural quirks and figuring provide a down-to-earth foundation for the design sensibility. Ceilings in tongue-and-groove, and sporting exposed beams, add a bit of cottagey charm, although the rustic flourish feels like a contrivance.

Amenities include a bar and entertainment room, a wine room, a sauna and a gym. The lot extends to about three-quarters of an acre, with a wide swath of lawn, privacy hedges, a pool and spa, and excellent city views.

Eghbali co-founded Clearlake Capital in 2006. His net worth is estimated at $2 billion.