Minecraft billionaire seeks $70M for Beverly Hills mansion

Key Points:

• Markus “Notch” Persson, creator of Minecraft, is selling his $70 million Beverly Hills megamansion for the same price he paid in 2014, despite investing millions in upgrades, signaling a rare price hold amid a slowing luxury market.
• The 22,300-square-foot estate in Trousdale Estates features eight bedrooms, 15 bathrooms, two pools, a candy room, wine cellar, movie theater, car lift, recording studio, and private nightclub.
• Persson’s sale differs from other tech billionaires leaving California, like Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin, who are relocating partly due to a proposed 5% wealth tax on billionaires.
• The luxury real estate market in Beverly Hills remains relatively strong, with median home prices up nearly 19% year-over-year, although developers are moving away from overly ambitious pricing strategies.
• The sale is managed by Christie’s International Real Estate and Beverly Hills Estates agents, reflecting ongoing shifts in California’s relationship with its ultra-wealthy residents amid tax and market pressures.