VIDEO: $2 billion Powerball winner buys another multi-million dollar California property

Mar 25, 2023, 10:08 am (32 comments)

Video

Lottery winner living large!

By Kate Northrop

ALTADENA, Calif. — Having recently become the new owner of a $25.5 million Hollywood Hills mansion, the winner of the $2.04 billion Powerball jackpot has added another luxurious California property to his list of assets.

Edwin Castro is now the proud owner of a Japanese-inspired mansion in his hometown of Altadena, California less than a month after he bought a $25.5 million mansion tucked away in Hollywood Hills.

The latest property is just a short drive away from the Mobil gas station where he bought his life-changing Powerball lottery ticket worth over $2 billion.

Sitting on a lot of 0.68 acres, the midcentury ranch-style house boasts five bedrooms, four bathrooms, and a somewhat minimalist design throughout that paves the way for vibrant décor and personal touches.

Built in 1953, the original home was demolished by the previous owners, a French-born artist and her husband, who reportedly liked the semi-private location but not the architecture of the house itself. They rebuilt a larger home on the property that is reminiscent of a blended Japanese-Palm Springs style.

The single-story home lies partially hidden behind olive trees and other native foliage and is complemented by a courtyard fitted with a small pond and a saltwater swimming pool.

Brazilian cherry hardwood floors, pristine white walls, and high ceilings are prominent characteristics throughout every room. Other notable features of the home include a large living room, Thermador appliances, garden views, a house-wide water filtration system, a Tesla charging station, an art studio, and a soundproof movie theater.

Castro will have no problem entertaining guests at this second home thanks to the off-street parking spaces for over a dozen vehicles, if the detached two-car garage and separate covered carport were not enough.

While Castro's new Altadena residence may not be nestled in a neighborhood as ritzy and celebrity-ridden as the one $25.5 million Hollywood Hills mansion is located in, the second home will provide him with access to Altadena's relaxed vibe away from the hustle and bustle of city life. Castro will be a short drive away from multiple shopping and dining destinations of Old Town Pasadena, the Rose Bowl, Huntington Library, and desirable hiking trails.

Plus, if Castro, for some reason, ever gets tired of managing his seemingly infinite wealth, he can sit back and enjoy the unobstructed views of the San Gabriel Mountains bordering his home.

VIDEO: Winner of $2 billion Powerball lottery jackpot buys another house

Thanks to Win$500Quick for the tip.

Lottery Post Staff

Comments

sully16's avatarsully16

Yikes, um , welp, congrats Edwin hope you buy some sound financial advice next.🤪

Tony Numbers's avatarTony Numbers

We've seen this movie already. The LP community called it. Easy come easy go!

CDanaT's avatarCDanaT

Ahhh yes, the beauty of non anonymity, winning the lottery and having everybody know what you spend it on... Gotta love that lack of privacy. Good for you Edwin

Lotterologist's avatarLotterologist

I used to work in Altadena. A nice little town with good people. Congrats to Edwin Castro!

sully16's avatarsully16

Quote: Originally posted by sully16 on Mar 25, 2023

Yikes, um , welp, congrats Edwin hope you buy some sound financial advice next.🤪

I enjoyed the video Kate, I confess I love that house just not the location, want one myself.

Mata Garbo

The house in Hollywood Hills is a gold mine that will only increase in value over the years. Buying property is not like buying a car. If you are in the right location the property value goes up and up. If this is what Mr. Castro has in mind it will mean money for his children and grandchildren years from now. Long-term investments can prevent future headaches if done right.

👨‍👩‍👧‍👧

Artist77's avatarArtist77

I love that house.  I am a big MCM fan.

cottoneyedjoe's avatarcottoneyedjoe

Nice property portfolio. But how and why is all this leaking to the press? 

The Dirt article from a few days ago, which I believe was the first to report on it, has more biographical details about him. I'm wondering if it's him letting the info leak.

https://www.dirt.com/gallery/moguls/power-players/edwin-castro-lottery-house-altadena-1203625604/edwin11/

Artist77's avatarArtist77

Quote: Originally posted by cottoneyedjoe on Mar 25, 2023

Nice property portfolio. But how and why is all this leaking to the press? 

The Dirt article from a few days ago, which I believe was the first to report on it, has more biographical details about him. I'm wondering if it's him letting the info leak.

https://www.dirt.com/gallery/moguls/power-players/edwin-castro-lottery-house-altadena-1203625604/edwin11/

That is my dream home and with an artist studio! I could paint 24/7.

With his architecture degree, no wonder he bought that home. I did not care for the other home.

justadream

Maybe he purchased it for a relative to live in.  Not sure that is it a good investment but better than giving them a pet alligator.

Raven62's avatarRaven62

The Jackpot Winner's Ultimate SUV for getting around town:

hearsetrax's avatarhearsetrax

Quote: Originally posted by Raven62 on Mar 25, 2023

The Jackpot Winner's Ultimate SUV for getting around town:

I still like Mercedes Benz Unimogs better, but this is cute too  

https://www.armored-cars.com/products-services/all-terrain/shaman-8x8/

jjtheprince14

Doesn't matter if he goes broke, he'll win another pot.  It helps that California has never sold a losing ticket in any lottery game.

thaencyder

It is essential California needs to join other states and pass a law to allow winner to claim anonymously or via a trust. This is insanity. No one survives this much public attention, fascination and jealousy. This is a dangerous thing others states were smart enough to figure out and protect the lives of winners. For a state that pride itself being on the side of consumers, it's beyond baffling California is stuck in the past. How ironic.

thaencyder

Quote: Originally posted by CDanaT on Mar 25, 2023

Ahhh yes, the beauty of non anonymity, winning the lottery and having everybody know what you spend it on... Gotta love that lack of privacy. Good for you Edwin

It is frightening. I do not envy Edwin Castro with all this much attention. I'm grateful my state allows anonymous claiming. Unfortunately, someone's life must come to a sad end ala Abraham Shakespeare in Florida before California decides to allow players the same privilege others enjoy in many states.

EnReval

Do I have to buy 5 siblings a home n mom? Geesh

u do for 1, gotta do for all

 

wonder at 30, does he have kids

hopefully, parents living to enjoy it with him

eddessaknight's avatareddessaknight

Quote: Originally posted by hearsetrax on Mar 25, 2023

I still like Mercedes Benz Unimogs better, but this is cute too  

https://www.armored-cars.com/products-services/all-terrain/shaman-8x8/

Hallaluya, Artist, et-al

" David played a hidden cord for the Lord...."
~Leonard Cohen, poet, songwriter:
"Dance me until love ends."
Enjoy
Hallelujah
manhouss's avatarmanhouss

I hate when they say easy come easy go. If winning is easy , why don't you win easy.

you should say, hard come easy go.

It is not easy to win the lottery.

the winner is making dump decisions.

he could buy houses under 1 million and flip them, and he will make tons of profit. buy 20 houses for 1 mil, and resell for a short term, he could make 50k for each house, do the math.

Stack47

Quote: Originally posted by thaencyder on Mar 25, 2023

It is essential California needs to join other states and pass a law to allow winner to claim anonymously or via a trust. This is insanity. No one survives this much public attention, fascination and jealousy. This is a dangerous thing others states were smart enough to figure out and protect the lives of winners. For a state that pride itself being on the side of consumers, it's beyond baffling California is stuck in the past. How ironic.

"I'm grateful my state allows anonymous claiming." and "It is essential California needs to join other states and pass a law to allow winner to claim anonymously or via a trust. "

Because MM and PB tickets are sold in multiple jurisdictions, it's easy to forget each jurisdiction decides their own rules regarding claiming jackpot winning tickets. Only California can make that decision.

Stack47

"*ACTUALLY $628.5 MILLION AFTER TAXES" 😆

Great video!

jjtheprince14

Quote: Originally posted by manhouss on Mar 25, 2023

I hate when they say easy come easy go. If winning is easy , why don't you win easy.

you should say, hard come easy go.

It is not easy to win the lottery.

the winner is making dump decisions.

he could buy houses under 1 million and flip them, and he will make tons of profit. buy 20 houses for 1 mil, and resell for a short term, he could make 50k for each house, do the math.

It's way too easy to win the lottery if you buy tickets in California.  The state has never sold a losing ticket!

HAMMY WAMMY's avatarHAMMY WAMMY

Great video Kate 👍

SAJAN123456's avatarSAJAN123456

Live the rich life, man... you deserve it...

msmillionaire's avatarmsmillionaire

CONGRATULATIONS  OUTSTANDING AND AWESOME WINNER!!!!HAPPY  FOR YOU!!!! GOD IS GOOD!!!👐🙏

Artist77's avatarArtist77

Quote: Originally posted by jjtheprince14 on Mar 25, 2023

It's way too easy to win the lottery if you buy tickets in California.  The state has never sold a losing ticket!

I finally figured out why you say lotteries are so easy to win.

You are trying to manifest a win by saying it is all so easy, correct? Money flows freely to me...

thaencyder

Quote: Originally posted by Stack47 on Mar 25, 2023

"I'm grateful my state allows anonymous claiming." and "It is essential California needs to join other states and pass a law to allow winner to claim anonymously or via a trust. "

Because MM and PB tickets are sold in multiple jurisdictions, it's easy to forget each jurisdiction decides their own rules regarding claiming jackpot winning tickets. Only California can make that decision.

I'm aware of that and that's exactly what I stated as well. California too needs to revamp its laws, as many states have already done, and allow winners to claim anonymously/trust. No one deserves to have each moment of their life picked apart like Edwin Castro.

Todd's avatarTodd

Quote: Originally posted by Artist77 on Mar 26, 2023

I finally figured out why you say lotteries are so easy to win.

You are trying to manifest a win by saying it is all so easy, correct? Money flows freely to me...

Or it's just next-level trolling.

Artist77's avatarArtist77

Quote: Originally posted by Todd on Mar 26, 2023

Or it's just next-level trolling.

Or that too. 🤣

Rman313's avatarRman313

Quote: Originally posted by Raven62 on Mar 25, 2023

The Jackpot Winner's Ultimate SUV for getting around town:

I need that to drive on the crappy roads in Detroit!  I-94 can you hear me!!!!!😠

lakerben's avatarlakerben

I'd be spending and saving.

LottoIntuitive's avatarLottoIntuitive

Spend a lot. Save enough. Invest the majority.

From 2 billion down to less than 650 million after taxes. If I can't buy a small city with that I'd definitely buy a neighborhood or partner with other investors and buy shares of neighborhoods. I guess I just want my own city.

🤔Congrats to Edwin but it sucks to be in a state where you can't be anonymous when you win.

Stack47

Quote: Originally posted by thaencyder on Mar 26, 2023

I'm aware of that and that's exactly what I stated as well. California too needs to revamp its laws, as many states have already done, and allow winners to claim anonymously/trust. No one deserves to have each moment of their life picked apart like Edwin Castro.

"California too needs to revamp its laws, as many states have already done, and allow winners to claim anonymously/trust."

Bet there are lots of laws in your state law codes that are not in other states and vise versa. Just saying.

Have you tried contacting the California Legislation?

End of comments
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