Howard Lederer House Sold for $8 Million

[TheXFactor]

Listed for $8.9 million, sold for $8 million on August 20th 2014.
Not sure who bought it because county records haven't been updated yet.


http://www.redfin.com/NV/Las-Vegas/9.../home/28989627

[BeerAndPoker]

Criminals just get richer

[DutchDoDo]

The interesting part of this listing is the property history:

Jun 16, 2014
Sold (Public Records)
This home was sold at a foreclosure auction for $32,293
Public Records

Huh??What??

[TheXFactor]

The home was not bought at a foreclosure auction.

Howard Lederer originally bought the land years ago and built his dream home with Full Tilt Poker money.

Several different real estate website confirm the sale.
Someone (Daniel Negreanu?) bought it on August 20th 2014 for $8 million in cash.

[Forum Wars]

Criminals just get richer

No, not so in this case, Beer; here's the orig. listing for the property (looks like there's a $3.8MM guest house thrown in with the sale ---> WTF?)

http://www.zillow.com/homedetails/99...89060365_zpid/
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This is quite possibly the best finished home in Las Vegas, with over $15m originally spent. This is a 1.75 acre estate compound that includes the secondary lot and 5,000sf guest house at 55 Skybird. Over $1.5m spent in electronics alone including unrivaled state of the art movie theater. Classic Mid Century Modern interior design. Amazing views of the entire city as well as the mountain range whilst retaining total privacy

Please note that due to MLS regulations the $3.8million guest house cannot be included in the square footage and therefor is not included in the total $ per sf number. Actual square footage is 13,490 with $ per sf of $667. This sale is for both properties 55 Skybird is included in this sale. Financials are mandatory for all viewings and a minimum of 24 hours notice is required. NO exceptions.
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Zillow shows a weird $80,537 sold amount too. I'd bet these figures are somehow related to the cost of moving the home from one set of books to another for the mortgage company after it foreclosed and before it was ultimately sold for $8 million to the current owner. No way to make money if you're Lederer and you build for $15MM it's only worth $8 or even 9MM, hence the probable foreclosure here.

[delaware]

poker players dont want 15 million dollor homes.the upkeep is to much money.plus taxes