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Created by The Core DJ's Jul 6, 2014 at 4:18pm. Last updated by The Core DJ's Jul 6, 2014.

Snapchat’s CEO Even Spiegel finally flies from family nest (via @CNBC)

Getty Images for Vanity Fair

Snapchat's Evan Spiegel has finally flown the coop for a pad of his own.

The co-founder of the mobile photo-texting app moved out of his father's multi-mullion dollar house in Pacific Palisades, a luxurious Los Angeles neighborhood, Variety reported, and has purchased a home of his own.

The new residence cost the Stanford dropout over $3 million, which was secured in an undercover off-market deal, sources confirmed with Variety. The 2,842 square feet home was purchased via blind trust, according to property records, and has recently undergone renovations.

The Spanish-inspired house is located in the well-to-do neighborhood of Brentwood, less than four miles away from Spiegel senior.

Last year, Spiegel turned down a $3 billion cash offer from Facebook and Google's follow up bid of $4 billion.

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