The Story Behind Jeff Bezos’ Billionaire Bunker Mansion Sale

By Travis Anderson

In 2011, Travis started his career over and began building his own team; a team that has a different look and feel than most teams in the industry; one built SOLELY for the betterment of the client.

I read an interesting story from Fox Business about billionaires arguing over $6 million. Here’s the headline:“Owner Who Sold Billionaire Bunker Mansion at a Discount Sues Realtor® for Not Disclosing That Jeff Bezos Was the Buyer.”

What is the lawsuit about? In the article, the allegation comes from Leo Kryss, co-founder of a Brazilian toy and electronics company called Tec Toy. He filed a lawsuit against his Realtor, claiming that the real estate firm’s CEO told him personally that Bezos was not the buyer of a seven-bedroom, 14-bathroom home sitting on 2.8 acres next to Tom Brady and Jared Kushner.

According to the article, the Realtor failed to fulfill their duties to the seller when they knew and concealed the ultimate beneficial buyer and misrepresented that important fact to their client.

The seller initially put the home on the market for $85 million but eventually sold it to Jeff Bezos for $79 million, a $6 million difference, which represents a 7% discount off the asking price.

What do market insights reveal? I looked at our multiple listing services and found that 270 homes sold in the last 12 months for $2 million or more. On average, these homes sold for 12% less than the asking price. Our current market conditions involve a massive number of listings, long days on the market, and a limited buyer pool, which makes negotiations quite fierce.

So, it’s not surprising that this seller, the “Toy Factory King,” sold the property for $79 million after originally asking for $85 million.

So, does the Realtor have to disclose the actual purchaser? In Minnesota, the buyer’s name is on the purchase agreement, so the disclosure is right there when you sign it.

Whether or not Jeff Bezos was the one who purchased the mansion, I think Kryss probably got a good deal on his home. Personally, he should move on and let Jeff Bezos enjoy living next to Tom Brady and Jared Kushner.

If you have questions about more statistics or data, feel free to call me at (928) 710-7007 or message me at travis@legacyren.com. I’m happy to help.