Uber co-founder pays all-time high price for $72.5 million Beverly Hills estate

Last week, the stock price of ridesharing mega-app Uber finally
closed above the $45 IPO level set back in May, marking a healthy
resurgence from the 17% drop posted shortly after the stock’s
public debut.

Perhaps it’s just coincidence, but real estate-obsessed
Garrett Camp — the multibillionaire tech tycoon who founded Expa
and co-founded Uber with the more famous (and more controversial)
Travis Kalanick — has seemingly celebrated this stock rebound
with his biggest residential splurge to date. And it all went down
in the 90210, within the almost impossibly fashionable lower
Trousdale Estates neighborhood.

Records reveal that Camp and his longtime partner Eliza Nguyen
have ponied up a record-breaking $72.5 million for a brand-new
estate. The sale price ranks as the most ever paid for a home in
Beverly Hills, handily eclipsing the $70 million that Minecraft
creator Markus Persson
spent just up the road
, a record that had stood since 2014.

Though the new Nguyen-Camp compound was never publicly listed
for sale, making available photographs scant at best, the residence
had been quietly marketed at $80 million by luxury real estate
broker The Agency. Back in April, Rolls Royce Beverly Hills

hosted a lavish marketing event
at the property, providing a
select few monied individuals with a brief glimpse of the home and
grounds.

The ultra-contemporary structure sits on a rare street-to-street
lot that spans over an acre of land, allowing for a discreet
“hidden” entrance to a semi-subterranean car gallery of sorts.
Above that is a broad lawn and an expansive zero-edge pool with a
Baja shelf for watery sunbathing. Spaces within the main home are
best described as celestial and monolithic, with a vaguely
Bali-influenced twist. Last sold in 2014 for $13.7 million, the
Trousdale property was developed by Mexican investor Mauricio
Oberfeld and his construction company Dugally Oberfeld, the same
outfit that
recently flipped a Malibu megamansion
for $70 million to a
woman from Hong Kong.

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In addition to their new Beverly Hills mega-home, Camp and Nguyen
preside over a hefty portfolio of other luxury properties. In L.A.,
the couple also own
two lavish contemporary houses
(purchased for a total of $15.6
million) set just above the iconic Sunset Strip. They’ve also got
a $3 million penthouse and an $8.5 million Beaux Arts-style mansion
up in San Francisco, plus an $8.25 million penthouse in
Manhattan’s trendy SoHo neighborhood. And circumstantial evidence
also tenuously links them to a mysterious entity that — back in
March 2019 — very quietly paid $26.5 million for a historic
mansion in San Francisco’s searingly expensive Presidio Heights
neighborhood.

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Source: FS – All – Real Estate News 1
Uber co-founder pays all-time high price for .5 million Beverly Hills estate