Thursday, May 2, 2024

Powerball Winner Edwin Castro Buys $4M Home in Altadena

edwin castro house

In 2022, the property taxes were listed at $133,298, the Zillow listing states. Edwin Castro, who won Powerball’s record-breaking $2 billion jackpot this February, isn’t quite done spending his newfound cash on luxury real estate. The nearly 14,000-square-foot mansion sits on a 0.58-acre lot and features an infinity pool, five bedrooms, seven bathrooms and other common spaces. "When the house was being built, there were a lot of things we didn’t have control over, and I like to keep the show rolling," Ellen explains.

New ‘Edwin Castro’ Theodorus Struyck remortgaged home for $93k before lotto win & has now set up trust wit... - The US Sun

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Joe's Service Center in Altadena, California, sold the winning ticket and got a $1 million bonus.

This left him with an estimated $600 million in the bank after taxes on the Powerball lump sum. This property was brought to Castro's attention by Aaron Kirman of the Aaron Kirman Group at Compass and Mauricio Umansky of The Agency, who handled the listing. LOS ANGELES - People often ponder what they would do if they won the lottery. Having won the largest-ever Powerball jackpot of $2 billion in November, a California man had more reason to dwell on it. Castro was the winner of the historic draw on November 7, 2022 where he won $2.04 billion.

edwin castro house

$2 Billion Powerball Winner Buys Second Million-Dollar Home in a Month

As soon as the required procedures were completed by the one outstanding lottery, the drawing proceeded just before 9 a.m. Because of the intense interest in the $2 billion prize, there was a delay in the drawing for almost 10 hours. Nov. 7, 2022, was a Monday, and the drawing didn't occur until the next morning. Here are some things to know about Castro and that record-breaking, life-changing lottery win. Panoramic views of Downtown LA to Century City are seen through a wall of Fleetwood glass doors, the previous listing notes.

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“As much as I am shocked and ecstatic to have won the Powerball drawing, the real winner is the California public school system,” Castro, who did not appear in the press conference, said in his statement. “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. With his money, Castro purchased a $25.5 million Hollywood Hills mansion in March that’s stacked with amenities, including seven bedrooms and an infinity pool. As reported by Dirt.com, Castro purchased a 5-bed, 5-bath home located on the 2100 block of Midlothian Drive in Altadena. The real estate listing on Compass.com has the closing date listed as March 9, just eight days after the Hollywood Hills home purchase was completed.

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"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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The 4,361 square feet Japanese-inspired modern home was built in 1953 and includes a manicured courtyard and a “private oasis” at the center of the U-shaped property. Earlier this month, Edwin Castro purchased the Hollywood Hills luxury complex for $25.5 million. According to Dirt.com, which was the first publication to identify Castro as the mansion’s new owner, Castro apparently was not done shopping. According to the real estate page Compass, the property is a Japanese-inspired modern single-level house that stands out for "simplicity and attention to detail and a contemplative atmosphere." Now, he has another property in a growing real estate portfolio -- a residence in his hometown of Altadena.

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.

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.

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.

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 purchased a $25.5 million home a month after claiming his prize on a Hollywood Hills hillside, living close to Ariana Grande, Dakota Johnson and Jimmy Kimmel. There’s a movie theater, a saltwater swimming pool, a fireplace-equipped living room and privacy-ensuring olive trees around the perimeter. This newly minted lottery winner out west has wasted no time spending his jackpot payout. There was one winner in the drawings held Monday, April 29 in the Florida Lottery, excluding Cash Pop. In addition to the grand prize, 22 tickets worth $1 million matched all five numbers except the Powerball in 16 states, Powerball officials said.

"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.

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