Powerball winner Edwin Castro bought this $25 5M LA mansion

Table Of Content

• What did $2.04 billion lottery winner do with his prize money?
• Most read in Money
• No Powerball winner for billion-dollar jackpot, reviving (slim) hopes of fortune
• Husband fighting cancer is revealed among USA's newest Powerball billionaires
• Edwin Castro's Timeline
• $1.3-billion winning Powerball ticket sold in Oregon
• $2B Powerball winner Edwin Castro buys $4M Altadena home: report

Edwin Castro, who came forward last month to collect the record-setting lottery prize, just spent $25.5 million on a new house in Hollywood Hills. After three months of rollovers − from April to July − Powerball again hit the billion-dollar mark July 18, 2023, when no one matched all five numbers plus the Powerball in the Monday, July 17, drawing. A single ticket purchased in California eventually won Powerball on Wednesday, July 20, for $1.08 billion. The identity of the winner(s) has not been revealed as of Aug. 1, 2023.

What did $2.04 billion lottery winner do with his prize money?

Exterior features include an infinity pool, a spa, two fire pits and a built-in barbecue area. The new house was built in 1953 and features spectacular views of the mountains and measures approximately 4,361 square feet. Just a month ago, the lucky winner of the historic Powerball jackpot bought a house in Hollywood Hills valued at $25.5 million. "When it comes to the vetting process for big winners, California Lottery has the utmost confidence in its process for doing so," said California Lottery spokesperson Carolyn Becker. "California Lottery remains confident that Edwin Castro is the rightful winner of the $2.04 billion prize stemming from the Powerball drawing in November of 2022."

Most read in Money

Designed by reconstructive surgeon-to-the-star Alex Kadavi in collaboration with the Ali Rad Design Group, the mansion cost Castro $25.5 million. The windows extend from floor to ceiling where you can appreciate the Japanese-style garden, which is the theme of the house. Once listed for $87,777,777, the newest home purchase is a contemporary home known as 'Palazzo di Vista' and was designed by reconstructive surgeon-to-the-stars, Alex Kadavi, in collaboration with Ali Rad Design Group. Views from the home span from the San Gabriel Mountains to the Channel Islands.

No Powerball winner for billion-dollar jackpot, reviving (slim) hopes of fortune

Edwin Castro claimed a winning $2 billion Powerball ticket in February and opted for a one-time lump-sum payment of $997.6 million. Made up of five bedrooms and seven bathrooms, the sprawling property occupies more than 13,500 square feet of living space. And it looks like he wasted no time putting his new money into some new real estate. Meanwhile, in December it was reported Castro had purchased a second luxury property - a $4 million house for his parents. Other highlights include a whole-house water filtration system, solar system with Tesla PowerWall batteries, art studio, den, and soundproof movie theater. Edwin Castro, the winner of that record-setting, $2.1-billion Power Ball jackpot, just made his first big purchase, dropping $25.5 million on a palatial pad in the star-studded Hollywood Hills.

Powerball winner Edwin Castro’s $25.5M Hollywood mansion narrowly avoided landslide: images - New York Post

Powerball winner Edwin Castro’s $25.5M Hollywood mansion narrowly avoided landslide: images.

Posted: Sat, 06 Apr 2024 07:00:00 GMT [source]

The vetting process can take weeks or months before a winner can be declared, according to Becker. The highly anticipated drawing was delayed because a participating lottery was still processing its sales and play data, the Multi-State Lottery Association said. Powerball officials said they have "strict security requirements" that 48 participating lotteries must must meet before a drawing can occur. On April 25, however, process servers brought court papers to Castro’s home, in a suit claiming the winning ticket was stolen.

Just days after closing on a mansion in the Hollywood Hills, the winner of the largest Powerball jackpot in history has purchased another luxury home to the tune of about $4 million. Now as for Castro's Hollywood Hills mansion, that property is surely the one to entertain. Castro's single winning ticket was worth a whopping $1.9 billion, according to the California Lottery.

The TMX story said Castro played football and baseball for Crescenta Valley and eventually studied architecture at Woodbury University in Burbank, California. California Lottery officials said they are confident Castro is the rightful winner. The winner of the $2 billion California Powerball, Edwin Castro, has just dropped $25.5 million on a luxe Hollywood Hills mansion, The Post can confirm. The California Lottery remains confident that Castro is the true winner of the jackpot.

$1.3-billion winning Powerball ticket sold in Oregon

It was revealed Castro has no links to Rivera, while Reggie insisted he has not seen a cent and does not know the Powerball winner. The jackpot started at $20 million back on August 6, 2022, and grew over the months, until Castro matched all five white balls and the red Powerball number. "Edwin doesn't care all that much about designer clothes and he's spending his money well. But a source said he's "not one to party" and he's been "very smart" when it comes to spending his winnings, while he's also secretly donated to charitable causes. Since the win, Edwin has been living out his dream life, buying lavish homes and a fleet of vintage cars. The residence’s living room features a fireplace while its eat-in kitchen is equipped with Thermador appliances.

$2B Powerball winner Edwin Castro buys $4M Altadena home: report

One week later, another man filed a lawsuit claiming to be the rightful winner of the Powerball jackpot instead of Castro. His second home is a 4,300-square-foot, renovated midcentury-style residence, which was sold on March 9, according to Zillow, for $3.98 million. It boasts five bedrooms and five bathrooms, along with touches of Japanese-inspired architecture and decor. 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.

It features high ceilings, crisp white walls and minimalist light fixtures perfect to put an art collection on display. The outlet details the 1953-built five-bedroom, four-bath home as being modern with Japanese influence. Palazzo offers panoramic views of the San Gabriel Mountains and Channel Islands from a hilltop overlooking Bel Air, California. One of Los Angeles' most coveted neighborhoods, the mansion sits on an acre of land, offering privacy and seclusion.

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. The odds Castro overcame to win one of just four Powerball drawings – held in 45 states, Washington DC, Puerto Rico and the Virgin Islands – with a jackpot of $1bn or more are difficult to fathom. But he was relatively lucky to win in one of just eight states that do not tax Powerball winnings. He paid $25.5 million for the glassy address (a slight discount from its initial listing price of $29.95 million) back in March. Among other pricey purchases (including a $250,000 vintage Porsche the 31-year-old was seen cruising around in this past April) Castro has treated himself to three California mansions.

Retailers typically get a small piece of the grand prize, but because lottery ticket sales pushed the Powerball jackpot well over $2 billion, the bonus prize grew, too. The California Lottery awarded Chahayed a $1 million bonus for selling the winning ticket. The man who purchased the $2 billion winning lottery ticket from a gas station in Altadena, decided to purchase a new home not far from where his life was forever changed. The winner of the $2-billion Powerball jackpot bought his second multimillion-dollar home in recent weeks, dropping $3.98 million on an Altadena house not far from where he purchased his life-changing lottery ticket.

Powerball jackpot winner Edwin Castro dropped $25.5 million on a Hollywood Hills home shortly after winning the $2-billion lottery. Castro told lottery officials that he had wanted to "remain private" at the time. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. That second house, built in 1953, offers unobstructed views of the San Gabriel Mountains, a fireplace-equipped living room, an art studio, and a pond. Castro did not appear at a media conference announcing his win last month but sent a written statement to officials saying he was "shocked and ecstatic" to have won.

His growing collection includes a Porsche 911 rumored to be worth $200,000. Rivera hired legal counsel, and Castro took on attorney David De Paoli during the beginning months of the case. The U.S. Sun previously learned he was sent the huge payments via direct deposit from January 18, with bank statements showing a list of payments, each for $75,818,944.26. The home is complete with a two-car garage with a solar power system and an electric vehicle charging station. The property can park more than a dozen vehicles off-street in a detached two-car garage and separate covered carport.

"At five o’clock, the entire house feels completely golden," Ellen notes. "If you look at the turquoise-y blue, it’s a pastel color that ties in with the coral, and it looks good with yellow," says Ellen. "I would say our color palette isn’t feminine or masculine; it’s gender-neutral, but happy." The pair of leather chairs were miraculously rescued from the fire in the original house. The New York Post said Castro also bought a vintage white Porsche for $250,000.

Castro’s newest crib brags seven bedrooms, 11 bathrooms, and an infinity pool with panoramic views of Los Angeles, the Daily Mail first reported. The lucky lotto player has already purchased at least two other California mansions since coming into the money this past winter — and now he has splurged yet again, this time on a $47 million compound in Bel Air. Officials said Castro chose the lump sum payment rather than the annuity option, which would have given him his winnings over 30 annual payments. Castro bought a $25.5 million mansion in the foothills of Los Angeles County according to real estate publication Dirt and the Los Angeles Times.