Minecraft Creator Buys Beverly Hills Home for $70 MillionNadja Brandt and John Gittelsohn
Markus Persson, the Swedish creator of the video game Minecraft, bought an eight-bedroom, 15-bath Beverly Hills, California, mansion for $70 million.
The price is a record for the neighborhood, according to Sally Forster Jones, Persson’s broker and president of Aaroe International Luxury Properties in Beverly Hills. Persson, who sold his company, Mojang AB, to Microsoft Corp. for $2.5 billion in September, looked at the 23,000-square-foot (2,100-square-meter) home for the first time about a month ago, she said.
Persson, 35, paid about $15 million less for what the mansion was listed for earlier this year. The estate, which had also been toured by Rapper Jay Z, was developed by Bruce Makowsky, who made his fortune selling handbags through department stores and the QVC television channel. Makowsky built the property, with views that sweep from downtown Los Angeles to the Pacific Ocean, without having a buyer lined up.
In an interview in September, Makowsky said he was counting on interest from global billionaires, technology magnates and entertainers whose demand for high-end properties has grown.
“The U.S. is a safe area for international buyers to invest in real estate,” Forster Jones said in a telephone interview. “But L.A. is also very, very cheap. The value and price relative to other international metropolitan areas make L.A. a bargain, even though this is a big dollar amount.”
At least 20 U.S. homes have sold for $50 million or more since 2010, according to New York-based appraiser Miller Samuel Inc. The highest current U.S. asking price is $195 million for Palazzo di Amore, a 12-bedroom, 23-bath Beverly Hills estate owned by real estate entrepreneur Jeffrey Greene.
The sale of the Fleur de Lys mansion for $102 million in March was the most expensive in the city of Los Angeles.
The fully furnished home purchased by Persson has $5,600 toilets and an 18-seat screening room. A 24-person dining-room table features place settings by Roberto Cavalli priced at $3,700 each, and the living room has 10 chairs designed by Bentley Motors that cost $56,000 apiece.
Branden Williams, a real estate agent with Hilton & Hyland who represented the seller along with Ben Bacal of Rodeo Realty Inc, confirmed the sale, which closed today.