The $25 million sale of a spec mansion in Las Vegas has shattered records as the biggest sale in the city’s history.
LoanDepot founder Anthony Hsieh agreed to pay $25 million for the 15,000-square-foot mansion that developing company Blue Heron built on 1.26 acres of land in the gated Macdonald Highlands community, According to the Las Vegas Review-Journal. The sale is unusual in more than just the record-breaking price. Hsieh bought the home while immediately agreeing to lease it back to Blue Heron for 30 months so that the company can showcase its design and use it as a show home to market other properties in that time period.
“That was always the intention to use this to demonstrate what we’re capable of and for ideas and inspiration for our clients,” Blue Heron CEO Tyler Jones told the Review-Journal.
Boasting views of both the Las Vegas strip and the Red Rock Mountains, the home known as Vegas Modern 001 is built out of natural wood and stone and decorated with metaquartzite stone. It comes with three en-suite bedrooms, a glass bridge leading onto views of of the desert, its own elevator, an office suite, a billiards room, a wine cellar, a private garden and an 11-car garage. The glass walls and 31-foot ceilings create depth while a lighted three-story staircase connects the three levels.
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