According to The Wall Street Journal, the 81-year-old has been gradually selling off $300 million in his personal real estate portfolio, including a $78.5 million mansion in Palm Beach, Florida, and a $90 million New York City penthouse.
He sold a waterfront estate in Palm Beach, FL, for $32 million, and his Las Vegas, NV, property for $17.5 million last year.
The Idaho megacompound is a two-lot property with a total area of four acres. A main house on one lot was completed in 1986, and a guesthouse on another parcel was erected in 1979.
The beautiful alpine residence spans a whopping 15,453 square feet and has a total of 11 bedrooms and 14 bathrooms.
The gambling magnate bought the house in 2009, and according to listing agent Sue Engelmann of Berkshire Hathaway HomeServices Sun Valley Properties, he virtually remodeled the entire property in 2014.
“When Steve bought the property, it was a traditional mountain home with lots of dark wood,” Engelmann explains. “He made the house bigger and lighter inside, in addition to adding on it. The windows were opened, and a lighter interior was installed in their stead. He made a significant overhaul and added two more wings. He also installed a spa and pool in 2021.
Six “hotel-caliber,” en suite bedrooms, a massage room, a gym, a catering kitchen, and a media room are all included in the main house. The great room features a cathedral ceiling and a massive window that extends from floor to ceiling and provides breathtaking mountain vistas.
A wall of windows, a comfortable fireplace, and built-ins can be found in a nearby pub. High-end equipment, an expansive granite center island, and exposed wood-beam ceilings are all features of the open kitchen.
Similar to residing in a Wynn Hotel
“The property is very private, but it’s also very close to town,” says Engelmann. It is entirely open space because it borders 16 acres that are held by the association.
Additionally, the opulent amenities of the estate create a vacation-at-home atmosphere.
The his and hers toilets in each bathroom, along with the slippers and robes, make living in the house feel like living at the Wynn Hotel, according to Engelmann. He uses museum-caliber lighting to display his artwork. You may even swim at night thanks to the pool’s lane light. Every aspect of the refurbishment was taken into account.A stunning primary suite with a fireplace, an extra-long vanity, a walk-in closet, and sliders that open to a private patio is reached via a floating, lit, curved stairway.
The entire house is managed remotely thanks to the Crestron system, which also controls the lights, blinds, fireplaces, security, and other features of the home.
She predicts that someone with adult children or grandkids who wants to construct next door for extended family will likely be the future owner of this magnificent property. Although there have been requests to purchase the guesthouse separately, Steve wants the buyer of the primary residence to also have the option of purchasing the nearby parcel.