Custom-built by the late NBA legend in the 1970s, and on and off the market for the past several years, the Bel Air estate has gone to ShapeShift CEO Erik Voorhees.

After several years on and off the market, a custom-built Los Angeles spread once owned by the late Lakers basketball legend Wilt Chamberlain has finally traded hands for a bounce under $9.7 million. And though that's far less than the nearly $19 million current owner Dmitri Novikov originally wanted, it's still around $3 million more than the Russian-born investor paid TV writers George Meyer and Maria Semple for the place back in early 2008.

Records indicate the discount-minded buyer who acquired the brutalist-style spread in an off-market deal is well-known crypto entrepreneur Erik Voorhees. The bitcoin pioneer founded BitInstant in 2011, and then went on to launch and serve as CEO of ShapeShift, a cryptocurrency exchange that allows its 1 million-plus users to swap between different cryptocurrencies without having to create an account. Per BitKan, his net worth as of August 2023 was estimated at $30 million.

As for Voorhees's new digs, they were built over five decades ago by Chamberlain—affectionately known to his fans as the "Big Dipper"—who purchased a $150,000 plot of land in the rugged mountains above Bel Air and then enlisted noted architect David Tenneson Rich to design an extravagant $1.5 million bachelor pad known as "Ursa Major." The 1970s premises subsequently underwent an extensive remodel in 2008 at the hands of Novikov, which included sprucing up the kitchen, as well as modifying the lower level with a screening room and guest bedrooms.

Resting amid a secluded cul-de-sac—on a gated, 2.5-acre hilltop parcel that served as a Nike anti-aircraft missile site during the Cold War—the redwood, glass and stone structure contains five bedrooms and eight bathrooms in almost 9,400 square feet of living space. In addition to the aforementioned screening room, other glitzy amenities include a billiard room, sauna-equipped gym, and walls of glass providing sweeping mountain, ocean and reservoir views.

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