The fast fashion retailer certainly has an interest in premium real estate.

In 2022, Saghian bought The One mega-mansion in Bel-Air at auction for $141 million.

This was hailed as the most expensive residential real estate auction transaction in US history.

As for his latest purchase, the stylish waterfront estate was originally listed by Lee Samson, founder of Windsor Healthcare Management, for $69 million in June, according to The Real Estate Deal.

The original Buff and Hansman home was built in 1976.

Samson is said to have demolished the structure and then hired Landry Design Group to transform the property into the majestic modern estate it is today.

Now offering 6,125 square feet of living space, this Southern California home features walls of windows, soaring ceilings, and breathtaking views of the Pacific Ocean.

The six-bedroom home is located in Carbon Beach, with 70 feet of beach frontage on the lot known as Billionaire's Beach, home to notable wealthy residents such as David Geffen and Larry Ellison.

The ground floor boasts a chef's kitchen with high-end appliances, an island with bar seating and glass doors.

The living room has a sleek gas fireplace and a wall of jaw-dropping windows.

Upstairs, the en-suite bedrooms have balconies with views of the waterfront.

The gym is also located on this level and features a serving counter, drinks cooler and dumbbell lifts.

The incredible roof terrace is accessed by a striking retractable glass roof and features a wet bar, BBQ, fire pit, dining area and hot tub.

This award-winning smart home also features a patio, courtyard and deck with spectacular views.

There is also a covered dining area with an outdoor kitchen, BBQ area, swimming pool, hot tub and outdoor living room, just steps from the beach.