Behold! The most expensive listing of Las Vegas has arrived on the market for $38 million. The residence is owned by the famous Phil Maloof, who was a New Mexico state senator and his family once owned the NBA team "Sacramento Kings."
Previously, singer Wayne Newton's humongous property reigned as the most expensive listing of the Sin City with a $70 million price tag. However, the price was chopped to $48 million after failing to find a buyer and eventually de-listed from the market, reports Curbed.
You can see Newton's property here:
Now, Maloof's property holds the trophy for the most expensive listing of the city. It is one of the five penthouses sitting atop the Palms Place boutique hotel and spans an area of 6,230 square feet.
Comprising of three bedrooms and five bathrooms - the residence boasts of plush hardwood flooring, floor-to-ceiling glass windows and slider doors all encompassed in an open floor plan.
Apart from the magnificent living and dining areas, the home also has a 20-person luxury spa just outside the living areas. There is a barbecue and lounging area along with a screening theater and a DJ Booth. The home offers beautiful views of the Vegas skyline.
But that's not all. The lofty price is inclusive of the furniture and an original Dali and Picasso painting each.
The listing of the house reads:
"Maloof owned "Founder's Penthouse" - 27,000 sq. ft. indoor/outdoor space; 360 degree views; Private elevator access; Fully furnished; 35 flat screen tvs; 20-person hot tub; 30 ft. ceilings; Outdoor theater; Glass walls; DJ booth; Whole home remote control; Wet bar; Helipad capable; 3 bedroom/6 bath; Office; Full gym; 1 Dali & 1 Picasso incl."
Las Vegas was recently named the most affordable summer city by TripAdvisor. The real estate scenario of Sin City is tricky right now. Developers are treading cautiously in the market even though the market has returned to normalcy.
The Las Vegas Sun recommends buying in the city as home prices are relatively low when compared to other big cities.
At $38 million, is Maloof's pad overpriced? Check out the photos of the home here and decide for yourself.
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