Palmer Luckey, co- founder of Oculus, has purchased the Huntington Harbour Bay Club (File photo by Ramin Talaie, The New York Times)
The ships keep coming in for Palmer Luckey.
The virtual reality whiz kid and founder of Oculus VR, whose net worth is estimated at $730 million, has bought an Orange County marina.
The Huntington Harbour Bay Club on Warner Avenue sold in April for more than $34 million, according to CoStar Group, a commercial database.
The buyer was Zeal Palace LP, in partnership with Fiendlord’s Keep. Both ventures are tied to 24-year-old Luckey, who is president of Fiendlord’s, state records show.
The names are connected to Chrono Trigger, a ’90s Super Nintendo video game that Luckey liked, according to the website, Polygon.
The Huntington Harbour property was for sale off-market, said Jan Rasmussen, a CoStar senior research manager.
“It was never on the market,” she said. “It was never a listed sale.”
CoStar still is researching the transaction and did not have more detailed information, she said.
Huntington Harbour marina, inset on left (Photo courtesy of CoStar Group)
The marina has some 165 berths that can accommodate about 180 crafts from 16 feet to 80 feet, according to the website Boatersbook.
At the time of the sale, Luckey’s enterprise sold the banquet and entertainment portion of the property to 24 Carrots Holdings LLC, a venture tied to luxe catering and event planning company 24 Carrots, for about $13.4 million. Property records show Zeal Palace loaned 24 Carrots LLC $12.1 as part of the deal.
Forbes estimated that Luckey is worth $730 million.
Luckey was a key part of creating Oculus, a virtual reality firm, in 2012. He was 19 years old and living with his parents in Long Beach when he first came up with a duct-tape prototype of a virtual reality headset.
He partnered with Brendan Iribe to make the concept a reality.
As venture capital and Kickstarter money poured in, the startup opened headquarters in Irvine. Oculus gained its VR following with Oculus Rift, a gaming system that allows users to feel like they are inside the game.
Two years after the venture debuted, it was bought by Facebook for $2 billion. Oculus left Irvine, moving to Menlo Park to be closer to Facebook.
In March, Facebook announced that Luckey would be leaving.
Last fall, Luckey raised a few eyebrows for financially supporting divisive pro-Trump memes. He backed Nimble America, a nonprofit that generated white supremacist and racist memes on websites such as Reddit.
During the campaign, the group created memes about Democratic candidate Hillary Clinton, including a billboard with her face that read “Too Big to Jail.”