Mega Millions winner selling $26M mansion due to son's health says the home has been a 'blessing'

Comment #29

sweetie7398 — Sat, 08 Dec 2018 13:45:54 GMT

Simple life is good

Comment #28

noise-gate — Fri, 07 Dec 2018 05:14:14 GMT

Took another look at this story today and these things stuck out to me..

Soon after winning, I went on a pre-planned fishing trip to Alaska with my former boss. By the time I returned to California, he had convinced me to buy a much larger property, so..

We were up in the area, he bought a buffalo ranch, then the owner of the ranch said, I have a building for you to see. We came up and saw it and after looking at what the area was missing...

l figured Rick is very easily convinced, an... [ More ]

Comment #27

KY Floyd — Sat, 24 Nov 2018 03:57:14 GMT

if Rick is selling everything, these kids could be unemployed

They may end up being unemployed, but the guy is selling a house that he really likes to help out his kid. That makes it a very safe bet that the kid isn't going to end up broke or homeless because of losing a job. It's also a safe bet that the other kids will be okay, too, or they already wouldn't have the jobs they've got while the father owns the restaurant and ranch.

Comment #26

noise-gate — Sat, 24 Nov 2018 03:31:52 GMT

By REDLANDS DAILY FACTS | redlands@dfmdev.com |

July 5, 2017 at 10:58 pm

YUCAIPA Oak Glen Steakhouse is a family operation that was made possible by the Mega Millions lottery.

People always ask if it s true and it is, said co-owner Brandon Gallegos. My dad, Rick Knudsen, won the Mega Millions jackpot, $180 million, back in 2014.

Gallegos said his father, who had been planning his retirement when luck struck, purchased a buffalo ranch and property in Oak Glen in December 2015.

Ga... [ More ]

Comment #25

Dd2160 — Thu, 22 Nov 2018 10:40:15 GMT

Having lots of money must be nice. Best regards.

Comment #24

noise-gate — Thu, 22 Nov 2018 02:24:23 GMT

l can understand downsizing to a lower elevation per doctor's orders, yet his son seemed to be having a great time up there, doing wheelies and adding 30,000 on the odometer. Which leaves only one thing that was not mentioned. Yeah, this..

Comment #23

Coin Toss — Thu, 22 Nov 2018 00:44:05 GMT

The next time MM or PB or both are pumped up and the frenzy starts people should consider this from the OP;

I will not be looking to buy such an extravagant home this time around, Rick Knudsen said.

Comment #22

noise-gate — Wed, 21 Nov 2018 22:17:38 GMT

Dg- l noticed that you joined LP a shade under 2 years ago, but used your very first post * talent extremely wisely. Kudo s to you.

Comment #21

dgoto90 — Wed, 21 Nov 2018 21:02:50 GMT

This situation reminds me of when professional athletes' who suddenly get a large contract and then splurge on a big house and cars etc. not realizing one day they won't have the cash flow which is needed to maintain the lifestyle they have suddenly chosen.

There is a great ESPN 30 for 30 program called Broke which talks about these mistakes of sudden wealth.

I see Rick Knudsen is trying to sell not only the house but other investments he made in the area including a buffalo ranch and a s... [ More ]

Comment #20

BuyLow — Wed, 21 Nov 2018 15:38:48 GMT

Yes I remember the other purchases, at least the adjoining acres. Being in the industry, I don't see the value of the home at 26 million, but hey he can test the waters if he wants. Looks like they didn't go hog wild on vehicles either. An old SS, a hummer and a caddy (hard to see...or is it a lincoln?) suv for momma.

Comment #19

KY Floyd — Wed, 21 Nov 2018 03:22:41 GMT

so a really nice apartment would be more my cup of tea.

Yeah, if I ever win the lottery one of my biggest priorities is to make sure the neighbors are right on the other side of my living room wall.

Comment #18

paymentplan-man — Wed, 21 Nov 2018 02:47:08 GMT

I really love driving but Im not really into cars like wanting to have multiple or even having a dream car . So I would just do like 1-2 year leases and rent different cars while traveling to scratch any itch that might develop.

Comment #17

sweetie7398 — Wed, 21 Nov 2018 00:49:45 GMT

Wow

Comment #16

lejardin — Wed, 21 Nov 2018 00:06:01 GMT

It sure looks different! But I recognize some ofthe same pieces of furniture.

Would love being above and watching the ?? clouds float by.

Wonderful place but I would not want to own a restaurant altho I would frequent it. Could not justify the $26 million dollar price. All the dream places I have looked at seem to be in the $5 million range, give or take a million. Now if the lottery would only cooperate

Comment #15

mikeintexas — Tue, 20 Nov 2018 23:26:44 GMT

I could be wrong (a distinct possibility!) but I think the original price was just for the house and the surrounding 50 acres. He then purchased the adjacent 640 acres (a section/sq. mile), a 45 acre buffalo farm (ranchette, I'd call it) and a restaurant. I don't have a clue as to what he paid for all that additional property.

I understand your thoughts on buying a home, but with that amt. you could buy a nice, small home then if/when you get married and start a family, you could always get s... [ More ]

Comment #14

music* — Tue, 20 Nov 2018 22:39:41 GMT

Groppo, I hope that your lottery dreams come true. Classical music and jazz are favorites.

Comment #13

Groppo — Tue, 20 Nov 2018 22:29:47 GMT

.

You know, there's something to be said about that.

Especially now, since my ideal place of residence, should I ever win a significant lotto would have been Malibu.

And by the way, TO EVERYONE HERE, thank you for your responses to my post on that very subject:

. . . Malibu's gone up in smoke . . .

But, I kind of like the apartment idea, except that if the unthinkable happens, I'm going to have a desire for a few vehicles of my own, and also a very big fantasy of mine is... [ More ]

Comment #12

music* — Tue, 20 Nov 2018 22:22:15 GMT

brees2012, Would you stay out of a crime infested area?

Be careful of allowing many people to become dependent upon your generosity. When you run out of money they may turn on you and say you are lying to them when you try to tell them that you have nothing left.

Entourages are best left to Professional athletes and actors. Like you say, You will not keep up with the Joneses .

Comment #11

brees2012 — Tue, 20 Nov 2018 21:33:34 GMT

I will never buy a mansion .

Mansions doesn't impress me !!! They take to much money to

manage a mansion . I can spend my money on family , friends

charities , etccccc .. Nor would I keep up with the Joneses .

Comment #10

noise-gate — Tue, 20 Nov 2018 20:32:46 GMT

Should he sell this house for $26 mil, it's possible that he will end up with more money than his original jackpot win. The ink would still be wet after the new owner signs on the dotted line, with Rick muttering to himself Sucker

Comment #9

noise-gate — Tue, 20 Nov 2018 20:22:20 GMT

It would be nutty if he couldn't afford it, and it went into foreclosure JJ. Absent of that, he did fine. l wonder what additional add - on' s he made to the property, apart from the elevator.

Comment #8

paymentplan-man — Tue, 20 Nov 2018 19:32:32 GMT

To be fair according to Zillow he bought his home for 5.5M in 2014 so if he actually sells for 26M (highly doubt) it would turn quite the profit.

To view more pictures of the property visit Zillow and search for Oak Glen Yucaipa CA. Then sort by most expensive homes first.

Having said that however I couldnt imagine myself buying any home no matter how much I won. Still young with no kids so a really nice apartment would be more my cup of tea.

Comment #7

jjtheprince14 — Tue, 20 Nov 2018 19:20:57 GMT

Pretty nutty to buy a home that expensive even with a jackpot win like that!

My max home purchase would be $750K on any jackpot win. I live in a part of the country where you can get a NICE home from that amount.

Comment #6

noise-gate — Tue, 20 Nov 2018 18:47:50 GMT

Wow, has it been 4 years already? I remember this story, the guy said his entire day started off with luck back then, went to a store everything clicked. He said he felt real lucky it paid off. Glad that his doing fine hope for the best for his son. Rick is also doing the right thing imho. Getting off that higher elevation, with the fires down South, many of those homes built into mountain sides are now in ashes.Great planning Rick Lori. Wonder if Rick is thinking of bison or African water buffa... [ More ]

Comment #5

TheGameGrl — Tue, 20 Nov 2018 18:37:49 GMT

This man knows the value of family and health. How gracious he is with his gratitude for this life experience. May they have many more cherished family memories as they create a healthy home for the afflicted son.

Comment #4

music* — Tue, 20 Nov 2018 17:13:07 GMT

Rick and Lori Knudsen's appearance on an episode of My Lottery Dream Home will be repeated in the future. It is one of the favorites.

I pray for good health for the entire Knudsen family.

They are forward-looking at their finances. Buying the Eagle Crest Home in a down market was smart. Selling now is also a good decision for many reasons.

I am hoping to witness an LP Member win big soon. Jackpots

Comment #3

Lottery Playa — Tue, 20 Nov 2018 17:11:19 GMT

It was on My Lottery Dream Home on HGTV... You are correct!!!! I watched that episode... was a good one. Most episodes feature winners who won 1 to 2 million... He was the largest one to date as I can see.. He hit for $180 million on Mega Millions... that's NICEEEEE

Comment #2

Kindofblue — Tue, 20 Nov 2018 16:26:05 GMT

Is it me or does this look like the family / house that was on the very first episode of My Lottery Dream House on HGTV

Comment #1

CDanaT — Tue, 20 Nov 2018 15:37:43 GMT

I like the 30,000 miles on the ATV aspect... That would be pretty neat... Best of luck/success with your new purchase and to your sons health.

Mega Millions winner selling $26M mansion due to son's health says the home has been a 'blessing'

Lottery Post — Tue, 20 Nov 2018 15:22:38 GMT

A California Mega Millions lottery winner is selling his $26 million southern California compound and is ready to downsize.

I will not be looking to buy such an extravagant home this time around, Rick Knudsen said. I am looking to purchase land and build a home and ranch half the size of what I have now. I will still be looking for a great view and to add more ranch animals maybe a few horses and buffalo.

After winning the $180 million jackpot in August 2014, Rick Knudsen purchased 845 a... [ More ]