Dan Bilzerian Exits Rented LA Mansion, Neighbors Celebrate

Is it fair to describe 10979 Chalon Road — a 31,000-square foot, 12-bedroom, 21-bathroom, and five bar edifice in the exclusive Los Angeles enclave of Bel Air — as a “home”?

Maybe. Just because your footprint (and your parking lot) is bigger than most museums’ doesn’t mean you can’t have lived-in charm!

But this particular statement estate is not “home” if you are Instagram celebrity Dan Bilzerian, the now former tenant of 10979 Chalon Road.

Up until recently, Bilzerian at least occasionally occupied the ridgetop complex, which his company, Ignite International Brands, had been renting for $200,000 a month.

But sometime over the past week or so, Bilzerian and Ignite quietly exited the property and relinquished control to owner Don Bolin, as Bolin confirmed via phone and text message on Tuesday evening.

“I told him we are getting a lot of calls from people that are interested so this is the time to put it up for sale,” said Bolin, who indicated he hopes to list the property for about $75 million. “The market is exceptionally hot right now, especially for self-contained compounds.”

Bilzerian’s departure from the Los Angeles hills was cause for celebration among his well-heeled neighbors. The Bel Air Association was so fed up with the commotion and pyrotechnics from the mansion that they were considering legal action, according to executive director Shawn Bayliss.

And the exact nature of the exit isn’t entirely clear. According to Ignite’s annual report and a lawsuit filed by a former Ignite executive, the company was a couple months behind on rent, and an even bigger option payment was coming due.

A big deal when your company lost $50 million in 2019 alone and needs to cut costs!

And according to a lawsuit filed by former Ignite president Curtis Heffernan, who says he was fired after he tried to convince Bilzerian to let go of the mansion to cut costs, Bilzerian wanted to hang onto the home for summer “pool parties,” even if it meant burning through even more cash.

Linda Menzel, Ignite’s chief counsel listed as the contact on company press releases, did not immediately return a message seeking comment.

But as per Bolin, Bilzerian and Ignite were caught up on rent (though Bolin did say he gave his tenant a break “because of Covid.”)

Bilzerian’s full-time residence is in Las Vegas, and since the COVID-19 pandemic means no gatherings, there’s not much point in hanging onto a structure with a sixty-car parking lot.

“There’s not a lot for him to do here,” Bolin said. “You can’t go off-roading here, you can’t shoot your guns, and you don’t have a lake close to wake surf.”

So now the house, “in perfect condition,” Bolin said, is back on the market. And, bonus: Though Bilzerian took down a goat’s-head chandelier in the entryway along with some other signature accents, he did leave behind a new security system, a “super cool” virtual reality room, and the property’s fully apportioned rooftop gym.

“Very pleased about that, because you cannot buy gym equipment anymore,” Bolin said.

(No word on Bilzerian’s custom room-sized bed, which apparently cost at least $50,000.)

Bilzerian’s company apparently leased the home right around the time his vaguely cannabis-adjacent brand, Ignite, launched in 2018. Company investors picked up the tab for the lease, as well as at least some of the improvements and furnishings, according to the company’s annual report.

(For some reason, these details didn’t make it into a CNBC report.)

But buyer beware. In addition to a 12-foot waterfall, infinity pool, tennis courts, and a parking lot big enough to park several dozen vehicles and still have room for a shuttle bus to make a drop-off and then a turn, 10979 Chalon Road also has neighbors who aren’t too keen on internet celebrities living nearby, particularly if they run the risk of burning down the neighborhood.

Last Halloween, Ignite threw a party that involved pyrotechnics, including a parachutist dropping with sparklers, according to the Bel Air Association’s Bayliss. October in Los Angeles is hot and dry—which means in addition to being loud, brash, and a pain in the ass, Dan Bilzerian was a legitimate wildfire risk, Bayliss said.

“We are very sad to see our community’s fifth-most famous renter go,” Bayliss said, without a shred of irony or sarcasm.

Who the other four are may depend on your definition of “celebrity,” just as 10979 Chalon Road challenges the meaning of domicile.

But what a, ah, “house” it is!

This post first appeared on Forbes.com. To see the original, click here.