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On Feb. 14, lottery officials in California held a press conference announcing that Castro had won the jackpot, which came out to $997.6 million after taxes. Located not only in his hometown, but also close to the gas station where he bought the winning Powerball ticket, the Altadena abode was built in 1953. It features five bedrooms, four bathrooms and Japanese design influences throughout. Castro splurged on the Hollywood Hills mansion less than 30 days after his win was first announced on Valentine's Day, according to The Dirt. The 13,578-square-foot home boasts 5-bedrooms, 6-bathrooms, and overlooks the Sunset Strip.
Winner of $2 Billion Powerball Buys $25.5 Million Mansion in Hollywood Hills
Edwin Castro bought a $25.5 million mansion in the Hollywood Hills, according to Dirt, a real estate publication. Interestingly, at one point, the house was on the market for $87.777 million. The 13,500-square-foot mansion above Hollywood’s famed Chateau Marmont hotel sits on a 0.6-acre lot and has five bedrooms and seven bathrooms.
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It's just a short drive from the Mobil gas station where he bought his winning Powerball ticket. Since claiming the record-breaking $2 billion California Powerball’s winning ticket in February, Edwin Castro has dropped a combined $76 million on eye-wateringly expensive real estate. However, that didn't stop Edwin Castro from being sued by a man who claimed the winning lottery ticket was actually stolen. For the sole winner of the $2.04 billion Powerball drawing in November 2022, life seems a bit more glamorous. Edwin Castro won the largest-ever lottery jackpot, and he opted for a lump sum of $997.6 million, just shy of $1 billion, according to the California Lottery.
Powerball winner Edwin Castro splurges on new $47M LA mansion in latest lavish purchase after $2B win
"A lot of people who win the lottery say their lives were ruined because of the money, they party hard and get caught up in the lifestyle, some even end up spending it all," a source close to him said. LOS Angeles mechanic Edwin Castro became the biggest US lottery winner when he clinched the historic $2.04 billion Powerball jackpot in November 2022. One of the bedrooms is currently being used as a personal theater, the listing says, while a second bedroom functions as a studio.
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It includes five bedrooms, five bathrooms and a saltwater pool, according to the listing. Described as Japanese-inspired modern, the 4,361-square-foot home is only about three miles from the gas station on West Woodbury Road where he bought the winning Powerball ticket in November. The sale was closed on 1 March, two weeks after California lottery officials publicly revealed Castro’s identity to satisfy a state law. Though he declined to appear publicly when he claimed the grand prize two months after the drawing, he complimented California public schools "as the real winner" and said in a written statement he was shocked and ecstatic. California Lottery director Alva Johnson announced Castro's win on Valentine's Day, Feb. 14, 2023, in Sacramento, Calif.
Castro won the largest Powerball jackpot in history in November and he opted to take the lump sum payment of $997.6 million. The property, built in 1953, is nestled among palm trees with unobstructed views of the San Gabriel Mountains. The jackpot was the largest ever for Powerball and the largest in U.S. lottery history. Only four previous jackpots have ever topped $1 billion, but none of those are close to this prize, which started at $20 million back on Aug. 6 and over three winless months had grown ever more massive. The property is situated on a 0.58 acre lot and features an infinity pool, five bedrooms, six bathrooms, and other common spaces.
Powerball jackpot winner Edwin Castro buys another home, in Bel Air - CBS Los Angeles
Powerball jackpot winner Edwin Castro buys another home, in Bel Air.
Posted: Wed, 06 Sep 2023 07:00:00 GMT [source]
"But I showed them that I am the rightful winner. I was the one who bought the ticket. I’m going to show everyone that I'm the rightful winner." However, he did tell the New York Post he believes Rivera selected the winning numbers but doesn't know what happened to the life-altering ticket. "The mission of the California Lottery, which is to provide supplemental funding for California public education – both public schools and colleges – makes this a huge win for the state. He bought his ticket at Joe's Service Station in Altadena, and although he decided not to attend the press conference, he did release a statement. In February 2023, the California Lottery finally revealed he was the sole winner of the jackpot.
California $2 Billion Powerball Winner’s Hollywood Home Almost Destroyed by Landslide - Inside Edition
California $2 Billion Powerball Winner’s Hollywood Home Almost Destroyed by Landslide.
Posted: Tue, 09 Apr 2024 07:00:00 GMT [source]
After months of rollovers, the Nov. 7, 2022, Powerball drawing ballooned to a whopping $2.04 billion. The jackpot was an estimated at $1.9 billion days before the drawing, but lottery ticket sales pushed it to more than $2 billion after updated calculations. Sitting on almost three-quarters of an acre, the home inspires a sense of tranquility with a pond, a saltwater pool, and a zen garden. Although built in 1953, the single-story property has many modern amenities, including a theater, a studio, and a two-car garage equipped with an electronic vehicle charging station. Castro, who chose to collect the money as a lump sum of about $997.6 million before taxes, bought the modern mansion under a limited liability company, records show. The winner of the $2-billion Powerball jackpot isn’t wasting any time spending the money.
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Since Castro collected his prize — choosing a lump sum of nearly $1 billion — he has returned once to the Altadena gas station where he bought the Powerball ticket, said Joseph Chahayed, the owner of Joe’s Mobile Service. Edwin Castro, who came forward last month as California Lottery’s first billionaire winner, closed on the Altadena home not long after purchasing a $25.5-million home in Hollywood Hills. He bought the second house through a limited liability company, public records show, as he did with the Hollywood Hills mansion. Wall-to-wall glass sliding doors at the back of the 1,000-square-foot house allow the large deck and garden to act as a seamless extension to the indoor space. Another pair of sliding doors, these painted two shades of coral, separates the guest room/den from the main living area. His mansion in the Hollywood Hills cost him less than 3% of his total winnings, and the $4 million dropped on the Altadena property is less than half of a percent of his jackpot payout.
Moving outdoors, there is the requisite infinity pool for when Castro is looking to beat the heat. For $25.5 million, California-native Castro got a 15,000-square-foot home with five bedrooms and six bathrooms, one of which features massive slabs of marble. The Hollywood Hills mansion accounts for less than 3% of his total winnings. The 13,500 square feet of living space boasts panoramic views of Downtown LA to Century City. The first home Castro purchased following his big win has five bedrooms, five baths and two powder rooms. Castro's home, known as 'Palazzo di Vista,' was initially listed for $87,777,777.
The fire left a massive pile of rocks and chunks of concrete, so the couple used the larger pieces to create the retaining walls in the backyard. "Everything that is on the deck we had designed and built," Ellen adds. Casey carefully chose the placement of each window based on how the light would come through the house.
The California Lottery announced that Edwin Castro was the winner of the historic Powerball jackpot on Feb. 14. Castro decided to take a lump sum of $997.6 million after paying taxes. The winner of the largest prize that has been awarded in the history of the lottery in the United States made his first major purchase -- and it is a doozy.
The 30-year-old claimed the winning ticket last month and received a one-time lump sum payment of $997.6 million. The winner of the largest lottery prize in history has expanded his real estate portfolio with a $47 million mega-mansion purchased in Los Angeles, California. In all, it measures in at 13,500 square feet, with five bedrooms, seven bathrooms, an infinity pool, a wine cellar, a movie theater, a bar and a fitness studio with hot and cold plunges.
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