Paul Allen's historic villa in the South of France has been sold to a hedge fund billionaire.

Villa Maryland, Paul Allen's hilly residence in the south of France, has just been acquired by Millennium Management founder Israel Englander, Bloomberg reports. According to local agents, the palatial abode, one of the late Microsoft co-founder's many prized properties around the world, is valued at around €100 million (or about $105 million). Although the sale price has not yet been disclosed, the deal, which was arranged by Savills, is being positioned as one of the largest private transactions of the year.

Paul Allen's house in the south of France has been sold to Millennium Management founder Israel Englander.

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The villa, perched above the fishing village of Saint-Jean-Cap-Ferrat, a popular bohemian summer resort, has 18 bedrooms in an impressive 27,000 square feet and sits on 10 acres of terraced gardens. This stretch of the Côte d'Azur was commissioned in 1904 by shipping and railroad magnate Sir Arthur Wilson, an acquaintance of Edward VII. According to the city's website, Wilson hosted many great receptions here, and Allen seems to have continued the tradition; according to the Wall Street Journal, he threw a pirate party at Villa Maryland during the 1996 Cannes Film Festival. It was also reported that Brad Pitt and Angelina Jolie spent time at this residence in 2008, before their divorce in 2016. Each summer, Allen would moor his megayacht Octopus in the harbor of Villefranche-sur-Mer before heading to the villa.

The entrance to Villa Maryland in St.

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Inglender, which has a net worth of $11.4 billion, recently expanded its portfolio. In early 2022, he purchased a $20 million apartment in Paris previously owned by Jean-Victor Meyers, great-grandson of the founder of L'Oréal. He also rented an office building in the French capital, Bloomberg reported. Before his death in 2018, Allen promised that all proceeds from his trust fund would go to charity. Last year, his art collection sold for a record $1.5 billion at a Christie's auction, and several of the tech billionaire's luxury estates have already been sold or are for sale. Among them are a huge Beverly Hills estate, a San Francisco Bay Area mansion, a group of homes on Mercer Island in Seattle and Georgia O'Keefe's former home in New Mexico.