Wen Hou, Chief Investment Officer at crypto-centric hedge fund Coincident Capital, has picked up a Bel Air spec home nearly two years after construction wrapped and the property was offered up for $12.4 million.
Patience has apparently paid off, as Dirt is reporting that Hou got an impressive deal, buying the 6,000 square foot mansion for $9.7 million. Records suggest Hou paid cash in this deal.
The contemporary new construction features five bedrooms and six-and-a-half baths. In addition to the standard but no-less-luxurious design details, the home is chockfull of amenities, including a completely open and custom chef’s kitchen with high-end Miele appliances, home gym, a master bedroom private den/office, infinity pool, a backyard cabana, a barbecue kitchen and firepit.
Ginger Glass of Compass had the listing, while California Listings expert Ernie Carswell of Douglas Elliman represented Hou.