Gametime: Daniel Starr flips Santa Barbara mansion for $25M

Video game maven offloads property he says is “too big for a single guy”

Los Angeles Weekend Edition /
Mar.March 26, 2022 11:01 AM
(Zillow)

An internet entrepreneur with a penchant for buying and selling real estate has flipped the Santa Barbara mansion he bought a little more than a year ago for nearly double the price he paid.

According to the Wall Street Journal, Daniel Starr, the 41-year-old founder of the video game streaming service GameMine, offloaded the property after he realized it was “too big for a single guy” — getting $25 million for the estate he paid $13.5 million in 2021.

During the time he owned the 15,000-square-foot home sitting on a more than 2-acre estate in Montecito, he completely overhauled the property, painting over the “weird shade of blue” of the main house with a tasteful white, and redoing the interior finishes, floors and lighting. He also cleaned up an overgrown area of the property with a creek and hiking trail, while planting nearly 90 mature olive and fig trees, moves that he told the newspaper “changed the whole vibe of the home,” which he said reminded him of East Coast properties found on Long Island or Martha’s Vineyard.

Inside, there are seven bedrooms, a gym, a wet bar, a 10-seat theater and, of course, a game room. A separate guest home features a two three-car garages, and a pool, the property’s listing agent, Eric Haskell of The Agency, told the newspaper.

The report added that Starr has been living in the home and will continue to do so for the next few months as part of a sale-leaseback arrangement with the new owner, a limited liability company associated with real-estate investor Reggie Delponte of Newport Beach, California.

The sale is one of many real estate deals Starr has been a part of in the last few years, having bought a sold properties in West Hollywood, Malibu and Santa Monica, according to the report. His most famous was the sale of a Beverly Hills home to singer Rihanna.

[Wall Street Journal] — Vince DiMiceli





    Related Articles

    arrow_forward_ios
    Engelbert Humperdinck in Jayne Mansfield’s famous “Pink Palace” in Holmby Hills back in the day. (Getty)
    Engelbert Humperdinck seeks $6.2M for Bel Air mansion — but it needs work
    Engelbert Humperdinck seeks $6.2M for Bel Air mansion — but it needs work
    From left: Bob Hope, Dolores Hope and Ron Burkle in front of 10346 Moorpark Street in Toluca Lake (Getty Images, Zillow, iStock)
    Ron Burkle lists Bob Hope’s former estate in Toluca Lake
    Ron Burkle lists Bob Hope’s former estate in Toluca Lake
    From left: Adam Levine and Behati Prinsloo in front of 1700 San Remo Drive in Pacific Palisades (Getty Images, Redfin, iStock)
    Adam Levine, Behati Prinsloo sell Pacific Palisades estate for $51M
    Adam Levine, Behati Prinsloo sell Pacific Palisades estate for $51M
    Film producer Julia Lebedev with home on Birdview Avenue (Getty, Zillow)
    Producer Julia Lebedev gets nearly $50M for Malibu manse
    Producer Julia Lebedev gets nearly $50M for Malibu manse
    Reese Witherspoon (Getty)
    Reese Witherspoon sells Brentwood mansion for $21.5M
    Reese Witherspoon sells Brentwood mansion for $21.5M
    Lee Iacocca and 10614 Chalon Road in Bel Air (Getty, Compass)
    Former Lee Iacocca estate in Bel-Air hits market
    Former Lee Iacocca estate in Bel-Air hits market
    Drake with the new property at 9904 Kip Dr in Beverley Hills (Hilton by Hyland, getty)
    Drake secures $52.5M loan on Beverly Hills mansion
    Drake secures $52.5M loan on Beverly Hills mansion
    Opendoor co-founder Eric Wu with Orum Residence at 11490 Orum Road in Bel-Air (SPF Architects, LinkedIn)
    Opendoor CEO pays $32M for Bel-Air “propeller home”
    Opendoor CEO pays $32M for Bel-Air “propeller home”
    arrow_forward_ios

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

    Loading...