Peter Thiel Revealed as Buyer of Bel-Air's Casa Encantada for $130 Million

October 1, 2026 - 02:34

Billionaire investor Peter Thiel has been identified as the mystery buyer behind one of the most expensive home sales in Los Angeles this year. The property, known as Casa Encantada, is a sprawling Bel-Air estate that went to auction over the summer and sold for roughly $130 million.

The mansion carries a long history. It was built in the 1930s for Hilda Boldt Weber, a widow whose fortune came from the glass industry. The estate sits on a large parcel of land overlooking the Bel-Air Country Club and has changed hands among wealthy owners for decades. At one point it was listed for far more than the final sale price, reflecting the cooling at the very top of the luxury market.

Thiel, who co-founded PayPal and Palantir and was an early backer of Facebook, is no stranger to unusual real estate purchases. He already owns property in Los Angeles and New Zealand. The deal was handled through a limited liability company, which kept his name out of public records until now.

The sale stands out even in a city known for record-setting home prices. Few properties in Bel-Air match the size and pedigree of Casa Encantada, and the auction format drew attention from buyers looking for rare trophy assets. For Thiel, the purchase adds another notable address to a portfolio that has long mixed business bets with private retreats.