40000sqft

Peter Thiel quietly bought Los Angeles’ 40,000-sq-ft Casa Encantada for $130 million at foreclosure after it had once been listed for $250 million; his identity as the buyer stayed hidden for months

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Peter Thiel quietly bought Los Angeles’ 40,000-sq-ft Casa Encantada for $130 million at foreclosure after it had once been listed for $250 million; his identity as the buyer stayed hidden for months

Casa Encantada, a 40,000-square-foot Bel-Air mega mansion, known as Los Angeles’ most iconic estate, has found a new owner in billionaire investor Peter Thiel. According to a report by LA Times, the venture capitalist and PayPal co-founder quietly bought the property through a limited liability company at a foreclosure auction in Pomona in July this … Read more