A $25 million sale may not be that uncommon in California, but it has jackpot alarms ringing in neighboring Las Vegas.
California-based LoanDepot founder Anthony Hsieh has reportedly closed on the largest real estate deal in the city’s history with the $25 million purchase of a show home created by Blue Heron. According to the Las Vegas Review-Journal, the newly built three-story mansion’s sale surpasses the previous record of $17.55 million, set in 2016 by magician David Copperfield.
Hsieh, however, won’t be moving in anytime soon. Inman reports that he has leased the home back to Blue Heron for 30 months so that the company can showcase its design and use it for marketing and sales purposes.
The glass-heavy home spans more than 15,000 square feet across 1.26 acres in the exclusive double-gated Dragon Reserve of MacDonald Highlands. The home itself is built out of natural wood and stone and decorated with metaquartzite stone. It features up to seven bedrooms (depending on space use), nine baths and an 11-car garage. Other amenities include a billiards room, wine cellar, private garden, in-home office suite, elevator and and 2,000+ square foot reflection pool.
Kristen Routh-Silberman at Synergy Sotheby’s International Realty held both the listed and represented the buyer.