Overview
- This week Markus “Notch” Persson put his 22,300-square-foot Trousdale Estates compound on the market for $70 million, the same nominal price he paid in December 2014.
- Listing agents at Christie’s International Real Estate Southern California and The Beverly Hills Estates say Persson is not spending much time in Los Angeles and is committed to selling the property.
- The spec mansion was built by developer Bruce Makowsky and features idiosyncratic amenities added or kept by Persson, including a recording studio, private nightclub with a DJ booth, a $200,000 candy room, an 18-seat screening room, and a 2,500-bottle wine cellar.
- The asking price is the highest for a Beverly Hills listing this year and the second-highest in Los Angeles County, a fact that underscores cooling and more cautious pricing at the top end of the U.S. luxury market.
- The listing’s timing overlaps California’s ballot fight over Proposition 40, a one-time 5% billionaire net-worth tax, but neither Persson nor his agents have publicly said the sale is tax-driven and the measure’s rules would not clearly be changed by selling a directly held home.