Powerball jackpot winner Edwin Castro just dropped $25.5 million on a Hollywood Hills home shortly after winning the $2-billion lottery.
The winner of the $2-billion Powerball jackpot isn’t wasting any time spending the money. Edwin Castro,to collect the record-setting lottery prize, just spent $25.5 million on a new house in Hollywood Hills.
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 splashy purchase amounts to around 2.56% of his winnings. It’s the most expensive sale in Hollywood Hills this year and among the neighborhood’s priciest ever. Castro got a slight discount on the property, which listed for $29.95 million last summer.
Tucked behind gates overlooking the Sunset Strip and Chateau Marmont, the hillside home was built last year by Roman James Design, a luxury development company. Wood and concrete adorn the boxy exterior, leading to open-concept, indoor-outdoor spaces with sweeping views of the city below.
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