Just in case anyone is interested in Las Vegas real estate, and has a hefty sum of money laying around, they may want to consider Wayne Newton's former crash pad. According to a Yahoo Associated Press article dated Thursday, September 12, the Las Vegas entertainer's boastful estate is listed at $70 million.
Quite obviously, not just anyone is going to be able to seal the deal on this lavish property. However, a wealthy Saudi Arabian family is apparently inquiring about it.
It's no secret that Newton has struggled financially the past for several years. In 2010, he sold the property which he had resided in since 1968 for $19.5 million to CSD LLC.
The 40 acre property made the listings on Monday. The 'King of Las Vegas' was clearly never afraid to shell out some serious cash. His dream-like property was also home to flamingos, South African penguins, and Arabian horses. Gold-trimmed doors, flashy pools, and plush carpeting were also featured.
In case Newton's main mansion wasn't good enough, the property contains four other homes, 1,500 trees......and an exercise pool for the horses. Basically, just entering the property will remind just about everyone that they're not in Kansas anymore.
The 71-year-old entertainer, his family, and his exotic animals downsized in June to a more practical, 20 acre, $3 million estate nearby.
Grant Lyon shared that the reason for the $50 million climb in value since the property left Newton's hands, was due to the improvements CSD made to the property. Lyon is currently overseeing the estate. As part of the improvement, a 14-car garage was added, the horse stables were remodeled, and manure was removed. (There must have been A LOT of manure?)
Lyons believes the estate will attract a wealthy equine enthusiast, since 60 horses can be housed there.
"If someone is an avid horse person and wants to live in Las Vegas but still maintain a level of seclusion and privacy, it's probably the only property that offers that," he said.
He said, "The hope is to find a buyer, likely from abroad, who sees the property as a trophy."
It sounds as though the "Danke Schoen" singer's property is hard to top. Anyone interested in making an offer?