Crypto lover Olaf Carlson-Wee buys $29M Hollywood Hills mansion

Hollywood director sold spec-built home for $3M loss

Los Angeles /
Jun.June 30, 2021 10:01 AM
Olaf Carlson-Wee and 1415 Devlin Drive (LinkedIn, Zillow)
Olaf Carlson-Wee and 1415 Devlin Drive (LinkedIn, Zillow)

Olaf Carlson-Wee, who built his fortune in the virtual universe of cryptocurrencies, has acquired a 12,000-square foot mansion in the physical world of the Hollywood Hills for $28.5 million.

Carlson-Wee bought the mansion from Simon Kinberg, a director and screenwriter known for the “X-Men” movies, according to Dirt.

Kinberg bought the spec-built home at 1415 Devlin Drive for $31.5 million in early 2018. Built by Paul McLean in 2017, it includes expansive views of Los Angeles, a movie theater, pool and extensive grass areas.

Since selling the Hollywood Hills home, Kinberg has moved into a $15.5 million home in Brentwood.

Carlson-Wee’s new home is one of three mansions in the Hollywood Hills that has sold for over $20 million in the last three months, according to Zillow, including one located across the street at 1422 Devlin Drive.

Carlson-Wee was the first employee of Coinbase and subsequently founded Polychain Capital, a cryptocurrency hedge fund. His new L.A. purchase will be his second home, according to Dirt, as he’s still based in San Francisco.

[Dirt] — Isabella Farr


Related Articles

arrow_forward_ios
27930 Pacific Coast Highway (Zillow,iStock)
Metro Networks founder cuts $30M off Malibu getaway
Metro Networks founder cuts $30M off Malibu getaway
Mauricio Umansky and Kyle Richards with home in Bel Air (The Agency, Getty)
Mauricio Umansky sells Bel Air home for $6M
Mauricio Umansky sells Bel Air home for $6M
Ashton Kutcher And Mila Kunis Sell Hidden Valley Home For $10M (Getty Images, Zillow)
Ashton, Mila net $10M for Beverly Hills estate
Ashton, Mila net $10M for Beverly Hills estate
A rendering of 10130-10136 Adella Avenue and Newport Ventures’ Dave Mossman and Kemp Bros. Construction's Greg Solaas (LinkedIn, Kemp Bros., CBRE)
South Gate lot entitled for 78 resi units up for sale
South Gate lot entitled for 78 resi units up for sale
780 Tortuoso Way, Los Angeles (Hilton Hyland)
Sliced, diced, repriced: $40M chop above Hotel Bel Air
Sliced, diced, repriced: $40M chop above Hotel Bel Air
10 Beverly Park (Redfin)
Link to Putin associate on sale of Beverly Hills mansion
Link to Putin associate on sale of Beverly Hills mansion
32300 Pacific Coast Highway with Anthony B. Heinsbergen (eXp, Calisphere)
Artsy Malibu estate hangs $65M price tag
Artsy Malibu estate hangs $65M price tag
Max Azria and his Holmby Hills property, Paul R Williams and Sidney Sheldon (Getty Images, Zillow, Wikipedia, Los Angeles Conservancy, Illustration by Kevin Cifuentes for The Real Deal)
Label this a bargain–price cut on late designer’s estate
Label this a bargain–price cut on late designer’s estate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...