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Lauren Beale

'Minecraft' creator Markus Persson buys $70 million mansion

The L.A. area's unusually hot ultra-luxury real estate market ended 2014 with yet another mega-sale. Swedish video game billionaire Markus Persson bought a Beverly Hills mansion built by handbag tycoon Bruce Makowsky for $70 million.

Although the transaction failed to eclipse last year's high point for a Los Angeles home sale price — that was the $88.3 million recorded for the Westside Fleur de Lys estate — the deal surpassed the $55 million that Ellen DeGeneres received for the Midcentury Modern Brody House and the $40 million that Dr. Dre dropped on a Brentwood estate with a moat.

The 23,000-square-foot home Persson bought features an automated 54-foot curved...