Evan Spiegel successfully sold his Brentwood mansion for $16.1 million, $4 million less than the asking price, proving lucrative despite the market challenges.
The mansion, originally listed at $19.95 million, was on the market for several months before selling, highlighting difficulties in high-end real estate transactions.
Spiegel, having purchased the home for $12 million in 2016, still profited from the sale, turning attention to another property he has listed for sale.
The property features luxury amenities including a fireplace in the dining room, a marble bathroom with a soaking tub, and a pool surrounded by lush landscaping.
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