Monday, September 9, 2013

Liberace’s One-Time Vegas Mansion Sells for $500K



A 15,000-square-foot Las Vegas mansion once owned by Liberace was sold for $500,000 in cash to a British businessman who said he learned to play the piano after being inspired by the flamboyant performer.

The buyer - Martyn Ravenhill - closed the deal on Aug. 23 for $29,000 below its list price and about $3 million less than it was sold for seven years ago.

"I grew up thinking Liberace was wonderful," Ravenhill told the British publication Get Surrey. "I thought he was much more than just a camp figure.

He set trends that continue today." The two-bedroom, 10-bathroom home was built in 1962 and sits on a half-acre lot in an aging neighbourhood near the University of Nevada, Las Vegas. Surrounding homes are small and sell for $80,000 to $150,000, which dragged down the value of the home, said real estate agent Brad Wolfe, who represented Ravenhill in the deal.


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