$83 Million 'Succession' Mansion in Palisades Destroyed by Fire.

In the series "Succession," following their expulsion from the family enterprise at the conclusion of season 3, the fourth season commences with the Roy siblings—Kendall, Shiv, and Roman—engaging with prospective investors for their new media venture, "The Hundred." They are conducting meetings while residing in an extraordinarily lavish hilltop mansion located in Los Angeles.

This 20,000-square-foot residence was completed in 2020. Prior to its sale, the property was available for rent at a rate of $350,000 to $450,000 per month. In July 2021, a 26-year-old technology billionaire acquired the mansion for $83 million. The episode of "Succession" that showcased this residence premiered in March 2023.

Regrettably, the mansion was destroyed in the Palisades Fire of 2025.

Situated at 1601 San Onofre Drive in Pacific Palisades, this six-bedroom, 18-bathroom estate set a record for home sales in the area by selling for $83 million in July 2021. Thus, it stands as the most costly residence in the Palisades.

The video clearly illustrates that this is not a typical home. The original real estate listing provided a detailed description of the property, particularly emphasizing the highlighted section regarding the master suite.

"Perched atop a one-acre promontory in Pacific Palisades, 1601 San Onofre Drive stands as an avant-garde masterpiece that transcends conventional luxury. This architectural tour de force commands breathtaking 360-degree panoramic views, seamlessly blending indoor and outdoor opulence through cutting-edge design and bespoke craftsmanship. Meticulously curated with exotic materials sourced globally, the estate features unparalleled amenities including a Nobu-designed chef's kitchen, a Hollywood-caliber 20-seat theater, and a temperature-controlled wine lounge. The crown jewel of this deluxe residence is a primary suite with retinal-scan security and a retractable roof for stargazing, while a state-of-the-art automotive gallery and Zen spa showcase the home's commitment to redefining elevated living."

Who Bought It?

The individual who acquired this residence for $83 million in July 2021 was Austin Russell, a tech billionaire who was 26 years old at the time. Austin is the founder and CEO of Luminar Technologies, a company specializing in lidar and other machine perception technologies, which are utilized in autonomous vehicles.

Luminar became a publicly traded company in December 2020, listed under the ticker symbol "LAZR." Following the IPO, Austin, who owned one-third of the company's equity, had a net worth of $2.4 billion, making him the youngest billionaire globally at that time. He was 25 years old during the initial public offering.

Regrettably, Luminar has faced significant challenges since its debut on the stock market. The stock price has plummeted by approximately 98% since late 2020, resulting in a current market capitalization of around $225 million. Consequently, Austin is no longer classified as a billionaire. Assuming he still retains one-third of the company's equity, his current stake is valued at approximately $74 million. This situation is indeed unfortunate, and he has also lost his mansion, marking a particularly harsh turn of events.

The destruction of the $83 million mansion in the Palisades Fire is a tragic loss, both for its owner, Austin Russell, and for the community. The mansion, a symbol of cutting-edge luxury and architectural brilliance, was not only a personal achievement but also a standout in real estate history. With the recent LA fires wreaking havoc across the region, including the Palisades, many residents are grappling with the aftermath of widespread destruction.

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The loss of such an iconic property, combined with the ongoing challenges posed by these fires, highlights the growing concerns about climate change and fire safety in Southern California.