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Manager for Justin Bieber, Ariana Grande sells $18.5 million Lake Austin home to crypto mogul

Scooter Braun sold the $18.5 million mansion to tech mogul Wayne Vaughan. (Moreland Properties)

Scooter Braun, the manager who has represented some of the world's biggest pop stars and rappers including Justin Bieber, Ariana Grande, Kanye West and Demi Lovato, has sold his Lake Austin home in true Austin style with an $18.5 million bitcoin deal.


The gated waterfront home was sold to crypto millionaire Wayne Vaughan. Vaughn bought the estate through his blockchain-based record keeping company Tierion, which initially snatched up the home in all cash before Braun converted the deal to bitcoin.

The tech founder will no doubt be comfortable on the nearly 2-acre property, which boasts both waterfront beauty and privacy in its position at the end of a cul de sac.

The home is designed to combine indoor and outdoor living and features and expansive Lake Austin view. (Moreland Properties)

The home itself includes six bedrooms, seven bathrooms and two half-bathrooms as well as a pool and spa. Large windows throughout the home look out to 320 feet of Lake Austin waterfront, while a glass-walled cabana, expansive wooden deck and three-story boat dock also overlook the water.


The property features a large waterfront deck. (Moreland Properties)


Meanwhile, the mansion's interior is designed to "merge indoor and outdoor living" with its open-concept spaces, according to Moreland Properties, which represent Braun.

Large windows offer ample views in the home's interior. (Moreland Properties)


Herringbone floors and marble countertops complement the large kitchen on the first floor, which is completed with a bedroom suite, an exercise room, a bar lounge and a "fireplace-warmed study."

The home features a fireplace-warmed study. (Moreland Properties)


The main suite hosts the best view of the house upstairs, while a backyard guest house completes the property.

The bedroom suite also overlooks the water. (Moreland Properties)


Braun was represented by Austin's Moreland Properties and sold the home through his Los Angeles agent's business Same Team Properties LLC in January, according to national reports.

Braun's star-studded list of present clients include Bieber, who he discovered and propelled to fame, Grande, Lovato, Quavo, J Balvin and more. But he's most recently made the headlines in a feud with Taylor Swift.

Braun earned primary rights to Swift's first six studio albums when he bought her former record label in 2019, a move that caused massive backlash from fans and Swift herself. Braun sold Swift's album rights for $300 million, while Swift has re-recorded two of the six albums so far.

Popular

With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
Shutterstock

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide
Dwellsy

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.